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How Can Stock Markets Go Any Higher?

By jnyaradi
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Courtesy of John Nyaradi.

I predict a stock market rise for Monday, November 18th, 2013

stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

US Stock Markets will likely rise today, as crazy as that sounds.

Wall Street Beats & Jives:

Wall Street and investors are abuzz about China’s newest “economic reforms,” which include more private sector investment and getting rid of the “one child only” policy.  Today also brings us a the Home Builders Report, which will not likely sway investors too much one way or the other.  Investors will also likely be watching the Fed again, as Dr. Bernanke speaks on Tuesday.  Today could be another case of buying the rumors and selling the news, although Janet Yellen practically sealed the deal for any easing enthusiasts last week.

Hindsight is a Beach and We’re Playing On It:

Last Friday we were correct in our positive predictions, after the S&P 500 (NYSEARCA:SPY) rose .42%, the Dow Jones Industrial Average (NYSEARCA:DIA) rose .54%, and the NASDAQ 100 (NASDAQ:QQQ) rose .33%.  I’d rather be lucky than good anytime.

Are Stock Markets Driven by Greed and Speed or Fear?

I would say Greed is still the name of the game.  Fear just might be setting in though, as this rally cannot continue to go on forever.

Fun Fact:

Tech giant Sony (NYSE:SNE) sold 1 million PlayStation 4′s in under 24 hours.  Now that is an example of good marketing.

My Secret Sauce is Green:

I do not see how markets could continue to go up, but I think they will.  We do live in truly unique times.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

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