Good morning, readers. As the DOW passed 16,000 yesterday, I didn't write anything at that moment. Regular readers of my column/blog will surely know that I was one of the few to suggest the DOW would go past 14,000 - then past 15,000 (the magic of 15,000) - and only recently 16,000. I was of the view that the DOW could even do 17,000 this year, in the next five weeks or so. A thousand points in say 25 working days, is it possible? I shall wait to assess the markets further before I would commit to such a suggestion.
In the meantime, I imagine a lot of punters will take some money off the table, and put into alternative markets. India SENSEX has seen more inflows in last few days.
If not this year, then certainly I believe the DOW will hit 17,000 in next few months, on the proviso that the feel-good is assisted by the candy distribution, on which the panel will decide in the US this week.
That's all for now.
I wish joy and success to all my readers, in Netherlands, Fuzhou, California, India, Kenya, Tokyo, etc, etc.
Caveat : Everyone trades entirely at their own risk, I am merely sharing my views.
(c) Copyright 19th November 2013, Durudarshan H. Dadlani.