It Doesn’t Get Any Better Than This
While stocks are likely to bounce around this week based partially on the gov’t. funding talks and any agreement or snags, the stage is being set for that final round number headline that will mark the top.
With Amazon joining the DJIA today, replacing Walgreen’s, and the Walmart split, everything is lined up for that final surge to 40K for the average. An announced funding bill could be the catalyst.
40K for the average is anti climatic with the S&P already having reached the round number of 5K and the NASDAQ at ATH’s as well, but the headlines that will be splashed on TV and in newspapers across the globe will likely mark the end of the run, before reality sets in.