As the 20k mark looms on the Dow and the Taxi drivers start to take a second mortgage on their wives in the rush to enter the FOMO market - I start to move a foot into the Martis paddock - The XJO is trading like it doesn't believe in this move and I have to say I dont buy into the whole Trump be will good for the stock market theory.
I doubt he can implement his protectionist policies or get congress approval to print enough money to fund his grand infrastructure programs - if by some chance he does I expect it all ends in tears.
I think the XJO does was it did last year - Santa rally pus December 31 window window dress on low volume and then the BEOT come back from hols in January acknowledge they cant pump it anymore - so then the negative news articles dominate the media and the short is on.
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- Whose your Daddy !!!! Wednesday
XJO
s&p/asx 200
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1.37%
!
8,757.2

Whose your Daddy !!!! Wednesday, page-5
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a |
Open | High | Low |
8,639.0 | 8,776.4 | 8,639.0 |
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XJO (ASX) Chart |