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Response to Quixote1818 (Original post)

Mon Oct 29, 2018, 07:45 PM

2. Late in an economic cycle, earnings are concentrated in FANG and big companies

The shakeout has been rolling through small biotechs, oils, cyclicals for many months.

I think a test of Dow 20,000 is a cinch; if election fallout is violent, politically uncertain and contested, if there are more incidents of crazies, it could bring on recession as people hunker down. A test of Dow 10,000, with an overshoot to 9,000 is my take on it, but it's just a hunch. I am hedged to some extent, and own very little anyway. This reminds me of 1973 era of the Nifty Fifty. So get thrifty.

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Arrow 4 replies Author Time Post
Quixote1818 Oct 2018 OP
Squinch Oct 2018 #1
LineNew Reply Late in an economic cycle, earnings are concentrated in FANG and big companies
bucolic_frolic Oct 2018 #2
brush Oct 2018 #3
GETPLANING Oct 2018 #4
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