October 4, 2017 | Boeing Refutes the Permabear’s Creed

It’s been a struggle lately trying to find something meaningful to say about the stock market from one day to the next. It keeps going higher is all, and you can pick your reasons. Enchanted with the idea of Dow 30000? Then cross your fingers and hope Trump finds a way to ent1ice all that surplus corporate cash held overseas back into the USA. It’s Dow 25,000 that’s hard to explain, since it’s a business-as-usual target without the exuberance of a macro tax-windfall. Then again, business as usual is pretty good if you’re Boeing, which seems poised to sell passenger jets to a world on the brink of a middle-class explosion. Are we perhaps being a little short-sighted when we look for major tops with every hundred-point leap in the Dow?
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Rick Ackerman October 4th, 2017
Posted In: Rick's Picks