AUTHOR: TOWNE SCHERER.COM 5/11/2017: Towne
Scherer Private Wealth Management BLOG:
Dow 100,000
‘Dow 100,000’ here we come, according to a May 8, 2017 report in The Street. Financial expert Ric Edelman believes this lofty number could be reached by 2030. His core thesis revolves around lower cost investments, retirement occuring much father out and people living past 100.
Falling VIX
Falling, falling, falling…the CBOE VIX index which represents, to many, a proxy for risk, is at its lowest level since 1993, says a May 5, 2017 Bloomberg story. This may suggest a good market for equities as the VIX is seen as an insurance policy against falling markets.
The Theater of the Absurd
In the wake of former interim Attorney General Sally Yates’s testimony before a Senate Judiciary committee, Donald Trump has tweeted that “the Russia-Trump collusion story is a total hoax,” reports a May 8, 2017 article in the The Hill. Yates as a well as James Clapper, former Director of National Intelligence, testified Monday afternoon about Russia’s attempts to interfere in the United States’ presidential election. Trump pointed out in the article that Director Clapper ‘reiterated what everybody, including the fake media already knows – there is ‘no evidence” of collusion w/ Russia and Trump.”’
Apparently…we are now living in a theater of extremes, and…apparently…of the absurd.
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
The Dow Jones Industrial Average is comprised of 30 stocks that are major factors in their industries and widely held by individuals and institutional investors. The CBOE Volatility Index® (VIX®) is meant to be forward looking, showing the market's expectation of 30-day volatility in either direction, and is considered by many to be a barometer of investor sentiment and market volatility, commonly referred to as “Investor Fear Gauge”. All indices are unmanaged and may not be invested into directly. Stock investing involves risk including loss of principal.