Monday, March 11, 2013

The Weekly Outlook - $DJIA $SPX $NDX Too Early for Sell in May?

*****Are we too early for sell in May, judging by the recent weather patterns, Spring is already here in California and Easter is early too, so ?

I also had my projection somewhat confirmed into the 15324 recently while watching a commentary were the 2007 high be adjusted for inflation, it would hover somewhere there. So we may not be as ahead of ourselves as we may think. Euphoria aside, we have to look at real figures not ones that make us feel good. .

Inflation or deflation if you think of it in dollar value terms, is a very real factor even when not admitted by the  pundits in government. Food costs rising or shall we say dollar deflating is a reality for most of us shoppers who actually buy our food instead of looking at someones figures. Utility costs have risen despite as some say cost of energy is down. Explain reasons and I'll listen; try to tell me it isn't so, and I will argue.

If you tell me that the market is foretelling the future of our economy, well again, inflation or deflation has to be accounted like it or not. Raise the minimum wage and we're just asking for more of the same.

Somewhere somehow perhaps someday, people will realize that raising wages only adds to the fuel and is designed by politicians to make workers feel good. The more money you have the more you spend and the more prices are driven higher. Also, in case you haven't guessed, the more a company has to pay the more it has to collect and more the prices are driven higher. So, the more you earn, the more you can spend and the more you feel good .. n'est pas?

Oh, but back to sell in May or now. It really comes down to judgement, as usual. How much more can this market rise and how much are you willing to give back if it does not keep inflating.  So, if your wish is to h to keep what you've got, why not take the summer off, early?

Wasn't Born to Follow by The Byrds on Grooveshark

Happy Trading, Living and Dancing

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