Dock Treece Good News Wednesday November 25, 2020
Update: 2020-11-25
Description
Good news Wednesday and the markets come through. The Dow closed above 30,000 up 60% since March.
The housing market news was good but consumer confidence not so much.
Elon Musk is now the second richest man in the world. His net worth has increased $100 billion (that's BILLION) this year.
Yesterday I posted an article from Zerohedge titled "Investors Go All-in Without a Safety Net".
A quote from the article: "The markets are indeed currently exceedingly exuberant on many fronts. With margin debt back near peaks, stock prices at all-time highs, and “junk bond yields” near record lows, the bullish media continues to suggest there is no reason for concern.
Of course, such should not be a surprise. At market peaks – “everyone’s in the pool.”
The housing market news was good but consumer confidence not so much.
Elon Musk is now the second richest man in the world. His net worth has increased $100 billion (that's BILLION) this year.
Yesterday I posted an article from Zerohedge titled "Investors Go All-in Without a Safety Net".
A quote from the article: "The markets are indeed currently exceedingly exuberant on many fronts. With margin debt back near peaks, stock prices at all-time highs, and “junk bond yields” near record lows, the bullish media continues to suggest there is no reason for concern.
Of course, such should not be a surprise. At market peaks – “everyone’s in the pool.”
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