The US Dollar surged to a fresh 14 year high yesterday. Overnight the rally continued as the US Dollar Index broke out of a multi-year bull flag.
Ramble On
What Does the Election Mean for the Stock Market?
Wit the election fast approaching, what does this mean for the stock market?
I remember in 2008 on Election day the stock market rallied over 200 points as Obama was clearly the winner from early on. However the next day the market dropped over 200 points as the reality of the economic disaster he was inheriting kicked in.
$LMT Soars – Lockheed Martin Flies like a ‘7.37’%
The Maximum Pain Theory
Buying The All Time Highs
Unlike Bed Bath and Beyond and Kohls, the S&P500 does not mail out 20% off coupons on a weekly basis. There are no Nasdaq Groupons. The Energy ETF does not give you $.05 back for every share you purchase. With the market, and a bevy of stocks, hitting new all time highs, on an almost daily basis, you would be hard pressed to find a bargain stock dangling from the clothing rack. The majority of what you buy today, you will be doing so at the highest price someone has ever paid for that stock.