9/11/2018 – A positive day with the Dow Jones up 114 points (+0.44%) and the Nasdaq up 48 points (+0.61%)
The stock market finds itself at a very interesting juncture. If you would like to find out what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here
Interesting. Is this MAGA or just pouring more jet fuel on already highly speculative market?
$300 Billion Cash Repatriated in Q1, GS Expects Eventual $1Trillion in Buybacks
In the first quarter alone, multinational enterprises brought home about $300 billion of the $1 trillion held abroad, according to a recent Federal Reserve study. A good chunk of that repatriated money went to share repurchases — for the top 15 cash holders, some $55 billion was used on buybacks, more than double the $23 billion in the fourth quarter of 2017.
The above is not fundamentally solid and is best described by a 1,000 lbs man splurging on a cake. Cardiac arrest is just around the corner. Here is what Warren Buffett had to say about all of this…….
Again, this is Ponzi Finance to fuel dividends, stock buybacks, executive bonuses, higher stock prices, more bubble, etc….in the most overpriced market in human history and very late in the cycle. And just as before, it won’t end well. Timing is the key here.
If you would like to find out what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here