Stocks and Precious Metals Charts – Fire Burn and Cauldron Bubble

Cartoon with permission by / 25 JANUARY 2017

As suspected, the Dow Industrials hit their high note today, sticking a close over the 20,000 handle.

It has taken quite a few years for the Dow to double from its first foray over 10,000 in March of 1999. Remember that? I remember vividly the Dow crossing 1,000 for the first time in late 1972. And then we had the grinding bear market of the early 1970’s, with no return to 1,000 until the arrival of Reagan.

I suspect we will soon be seeing the lipstick being applied, and a flurry of new IPOs hitting the market while the market is hot, full of speculative money. That will be a sign of a topping process. But until something happens to shake things up, greed springs eternal.

The Donald released his orders for The Wall today. His cabinet appointments are disturbing because they seem to place his feet in the oligarchy of the Republican establishment, moreso than fresh minds and new ideas for growth.

I had to laugh today, when some infomercial pundit suggested that Trump will bring us changes that will allow companies to permit capital formation, which will be good

Read more ... source: The Bitcoin Channel

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