So, we are well into the new year with January nearly over. What does this year hold if I had a crystal ball? Bitcoin / Cryptocurrency Mania I don’t think this is over and I don’t know where Bitcoin will go. At one point, I thought Ripple might take over the #1 spot, but that… Read More 2018 Financial Predictions
Tax cuts for corporations The Senate and House of Representatives voted to cut the corporate tax rates from 35% to 21% (see this article discussing the bill). These tax cuts are supposed to help spur American companies into even more growth and job hiring, further helping the economy. The economy is doing pretty well regardless… Read More Corporate Tax Cuts – To Be Or Not To Be (Greedy)
When Will The Next Crash Hit? Predicting the future is never easy, especially if you aren’t psychic. Nevertheless, even with a limited set of data, we can try to look at precursors to see if they may be able to help in determining when the next stock market crash may occur. In order to do… Read More Can The Next Stock Market Crash Be Predicted?
Stock market highs The past year, there have been 70 closing highs for the Dow Jones Industrial Average (DJIA). That is the highest number of high closes in history. At this point, the DJIA is about 280 points shy of hitting 25,000. It reached an interday high yesterday (December 18, 2017) of 24,876.07. Approximately around… Read More Stock Market Sector-Based Concerns
I’ve been trying to wrap my head around why some people seem to think that the S&P 500, Dow or whatever it may be is overvalued right now. Whenever I look at any returns compared to historical charting, I do not see anything to indicate overvalued stocks nor any signs of warning that indicate a… Read More Why Do Some People Think the S&P 500 is Overvalued Right Now?
Brokerages I have stocks with both Ameritrade and Robinhood brokerages. I also have an old E-trade account that was started around 2000 and I haven’t used it for some time, although it still works and exists in case I change my mind. I did have a Charles Schwab account that I opened around the same time… Read More How I’m Doing So Far
Dow 23,000 Today, the DOW Jones Industrial Average was flirting with 22,950 (it came close at 22,945.57 around 11:00 am ET), then did end the day over that mark at 22,956.96. With the great 23,000 number looming, it appears to be likely this will happen in the next 2-3 days, probably on Wednesday or Thursday. I leave for… Read More Dow 23,000 and Other Financial Thoughts