Dow 19K - The Kiss of Death

Dow 19K – The Kiss of Death

Now that Mr. Donald Trump is in the driving seat, it is a moot question – To what extent he will be able to steer the economic policies which he promised in his pre-election campaigns.

I don’t doubt his business acumen or competitive abilities to do so. After all he is a real estate Moghul and he knows the ground realities. He accomplished beating the Democrat candidate out of shape to win the Presidential elections despite all odds prevailing against him. That was by any standards a Herculean task and he achieved success.

As a businessman, he is perhaps better equipped to understand the framework of policies driving the US economy and he could perhaps introduce even better policies to drive the growth but as the saying goes, “You can’t flog a dead horse.”

The US economy and the stock markets are at their peak. Winds at the North Pole can only blow towards the South. The Dow is perhaps in its final leg of making higher highs. While the Wall Street may or may not exhibit a knee jerk reaction to Fed’s decision to raise interest rates or not in mid-December, there is hardly any room at the roof for the economy and the US stock markets.

Here are the charts below which indicate that Dow is in its final leg of making highs:

I also recommend the readers to read my previously written posts:

1.    Year 2015 – End of Era – The fading away of USA and USD

http://commoditycurry.blogspot.in/2016/02/year-2015-end-of-era-fading-away-of-usa.html

2.    Donal Trump May Prove To Be Right

http://commoditycurry.blogspot.in/2016/04/donald-trump-may-prove-to-be-right.html

3.    Ace TRUMP and Being MODI fied

http://commoditycurry.blogspot.in/2016/11/ace-trump-and-being-modi-fied.html

My views in my previously authored articles remain intact irrespective of whatever recent developments might have taken place in the US economy or financial markets.

The author can be contacted at: riskadvisory@outlook.com.

DISCLAIMER:

These extracts from my trading books are for educational purposes only. Any advice contained therein is provided for the general information of readers and does not have regard to any particular person's investment objectives, financial situation or needs and must not be construed as advice to buy, hold and sell or otherwise deal in any kind of commodities, currencies, securities or other investments. Accordingly, no reader should act on the basis of any information contained therein without first having consulted a suitably qualified financial advisor.