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RE: Dow Jones forecast for 2016

in #trading8 years ago

Louis Navellier was saying that all the money sloshing around the world from low interest rates is causing that money to go into the US stock market, hence the low volume on the break out of all time highs. Also, because of the low interest rates. corporations are still buying back there own shares.
My opinion - Share buybacks don't last forever and are usually a sign of a top, even though the share buy back program has been going for a few years. The bond market is the market to look at and that is coming out of ascending wedge formation going back a couple of years. Martin Armstrong could be correct in the fact that the Dow Jones is going to peak not now but later.

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Hello trendwizard, tnx for your answer. Good analysis!