Monday, February 11, 2013

Dow Above 14,000: Market Peak Or New Leg Up?



[Financial Safety and Privacy Services commentary: the nice thing about USA Today's article title:"Dow above 14,000: Market peak or new leg up"  is it's revealed uncertainty about the future condition of the stock market- is it a peak { suggesting a decline from here,as "expert" Chris Martenson predicts}, or is it the start of some large move upwards? 

This particular articles implied uncertainty about future conditions in the stock market is a good thing. 

All markets are inherently uncertain, as are all future market  conditions, regardless of whether one is talking about stocks, bonds, precious metals, real estate, or some other market within "the market" for all goods/services. 

Therefor, it makes sense to only risk money you can genuinely afford to lose on any bet on whether or not the stock market will actually go up or down from here - to in fact treat your "investment" in the stock market as a pure speculation, in other words. 

Speculation Rule#1 is to always only use money to speculate with that you can afford to lose should things go wrong. Meanwhile, money that you cannot afford to lose should be kept in a fully diversified long term savings plan that does not try to predict the future state of any "investment" market within "the market", that is, within the general market for all goods and services and all classes of assets {i.e. stocks, bonds, real estate, cash, precious metals etc.} .Regards, onebornfree. ] : 

USA Today 02/02/13:

Original article: "Dow above 14,000: Market peak or new leg up? : 

 Excerpt:.... "When it comes to big, round numbers with major investment significance, 14,000 is as big as it gets for the Dow Jones industrial average.

Indeed, Dow 14,000 is back in play and in the headlines after the iconic 117-year-old blue chip index topped that lofty milestone Friday for the first time since October 2007.

The move pushed the world's best-known stock gauge up 149.21 points to close at 14,009.79, for its best level since the 2008 financial crisis. The benchmark index is not far from its Oct. 9, 2007, all-time high of 14,164.53 and the move is prompting talk of a new peak, and even Dow 15,000.
The Dow is now up 6.9% in 2013 and has rallied 114% since the bear market low in March 2009...."

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Regards, onebornfree 

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