OK - we're now all set for the next great bull run for the stock market...
OK - we're now all set for the next great bull run for the stock market... The stage is now set for the stock market to make a handsome run here.
We are through with the dreaded (and sometimes very "spooky") month of October. Tomorrow kicks off the most bullish time period for the market historically - the November through May time frame. And - as expected - "Gentle" Ben Bernanke gave us a "treat" of a quarter percentage point interest rate cut today.
The market actually sold off on the news initially, having been bid up in anticipation of the cut. A "buy on the rumor, sell on the news" type thing. But the market immediately got traction, and headed skyward from there. The DJIA ended the day up 137.54 points - or exactly 1%, and the Nasdaq did even better - up 42.41 points, or 1.51%. Not too shabby for an "expected" event result!
Unlike yesterday, great charts were more plentiful today, including the one I've found for my Baffle / RSVP / ARM Play Members. This stock looks eerily similar to an early CSCO, when it blasted off in October 1990 for a 75,000% 10-year run. Will history repeat itself with this stock?

