Click Here to Subscribe Now! Try a 3-month trial for only $68

Richard's Remarks


Yesterday we saw a rare breakout to new highs by the D-J Industrial Average, confirmed by a surge to new record highs by the D-J Transports. In a "normal" market, this joint surge to new highs would be very bullish. But in today's manipulated stock market, is it really bullish?


With the bond market sinking, there is no place for a poor investor to go but to the stock market, and more specifically to the D-J Industrials, which includes some of the most consistent earners of stocks anywhere. The stock market has been rising on the basis of massive Fed stimulation. But wait, are we seeing a major change? Bernanke's latest announcement was of the Fed winding down its $85 billion in monthly bond purchases later this year, and ending the program entirely by mid-2014. All this would be based on good news from the economy, which the Fed expects. The ... Log in or subscribe to continue reading.

Premium Content Notification

A subscription is necessary to access premium content.

Please use the button below to subscribe in order to access all premium articles