This stock rally that began in early September, has been hardly any signs of fatigue. The recent-year highs in April are be tested again on Wall Street in the coming days. The Dax is on the other hand already on his level over two years ago. Without interruption until the end but it can hardly go on. Given the current pace is too fast. was
a break, the gold and silver, having been there, prices exploded in recent years almost. recommended over $ 24 per troy ounce I for silver is a partial profit taking . In gold the $ 1,400 mark will constitute at least a temporary obstacle. The price of oil is testing its highs. Here I continue to expect a much lower price end of the year. However, this remains a minority view.
With the midterm elections on 2 November is President Obama have to accept deuliche losses in Congress. He may even its present majority in the House Einb ÜSS en. In the Senate's majority will shrink considerably. Wall Street welcomed as part of the radical reform programs Obama so far have found little support from the voters. America is thus a political Pat situation. Similarly, it was 16 years ago, when President Clinton's majority in Congress in the midterm elections, then lost and then he struck a less left-wing course. This led to sustainable economic growth coupled with a spectacular bull market in subsequent years. rose
While the Dow Jones and Dax since early September up to now, 11%, made the U.S. OTC market (NASDAQ) with a gain of more than 17% of that table. If it in the last week of October any degradation, this would be the second best result in Dow Jones for the two-month period between September and October in the past 61 years. Only in 1998 the increase of 14% was a bit better. In the 40 years history of the NASDAQ, it would be the third highest after 1998 and 1982, where the rise in September / October period was 18.2% and 19.6% higher. In both years, the trend had continued without interruption until the end of the year.
Further comments and recommendations on the hotline. The next blog will appear in early November.
Heiko Thieme
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