On Tuesday, Money Daily opined that there would be 100-point daily gains on the Dow for no apparent reason on a regular basis for the foreseeable future.
Today, no news, no rationale, BINGO, a 95-point gain. We'll take it.
Just keep buying, take gains as they come and don't get caught in the wake when the tidal wave of defaults comes, which eventually must occur, as the dollar declines.
Turn your paper profits into hard assets - things you can use or that have lasting function and/or value: land, gold, silver, machinery, fuel, transportation, guns, ammo, food, not necessarily in that order.
Dow 15,509.21, +95.88 (0.62%)
Nasdaq 3,928.96, +21.89 (0.56%)
S&P 500 1,752.07, +5.69 (0.33%)
10-Yr Bond 2.52%, +0.04
NYSE Volume 3,564,373,500
Nasdaq Volume 1,928,785,500
Combined NYSE & NASDAQ Advance - Decline: 3327-2278
Combined NYSE & NASDAQ New highs - New lows: 440-25 (THIS is NOT normal)
WTI crude oil: 97.11, +0.25
Gold: 1,350.30, +16.30
Silver: 22.82, +0.205
Corn: 440.25, -2.50
Thursday, October 24, 2013
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