It seems that, once again, the stock market rally has taken most by surprise. Yes, the US stock market has been making new all-time highs, and everyone seems to be scratching their heads. In fact, I believe we recently even witnessed a Dow Theory confirmation of this stock market rally.
The common recent expectation was that a Trump win was going to crash the markets. In fact, when the market headed higher against a particular analysts’ expectations, he ridiculously claimed that the current equity market rally is a ‘manufactured rally’ for the sole purpose of allowing big money to ‘escape the market,’ only for Obama to then cause a big crash in the stock market before Trump’s inauguration in order to ‘hand him as big a mess as possible.’ You just can’t make stuff like this up. And, amazingly, there are investors that follow this ‘analyst,’ but clearly with a lot less money now in their pockets.
This certainly is quite a ‘mess’ we have on our hands, isn’t it? Well, we don’t call it a ‘mess,’ we call it a ‘profit’ since we have been looking to the long side in the stock market.
But, week after week, especially on gold-focused websites, all we hear is about how the stock market is going to crash. Everyone comes up with their own reasons as to why the market should not be as high as it is today, and have missed out on one of the best bull markets in history.
So, what do they do? Do they re-assess why they have been wrong? Do they try to understand why their analysis methodology has been useless in the stock market? Do they look for a potential way to profit from the stock market? Heck no.
This post was published at GoldSeek on 16 December 2016.
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