GLD

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Nasdaq Reaches 6000

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The Nasdaq Composite went from 1,000 to 5,000 in less than five years(1995-2000).  It took 17 more years to add another 1000 points.

Today the Nasdaq Composite is headed for its first close above 6,000.00.  Since the election this major index has gained over 17%. 

Which brings us back to one of the greatest quotes in history…”If the question is when will markets recover, a first pass answer is never.”:  Paul Krugman, Nov. 9, 2016.  This Nobel Prize winning economist has over 2 million followers on Twitter.

Hat tip Charlie Bilello

SLV

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MCD

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NFLX

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The VIX Gets Crushed

The Volatility Index suffered its fourth biggest one day decline in history on Monday. 

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Risk off happens fast.  Hat tip Charlie Bilello

On Pace

Following Monday’s 1% gain, the S&P 500, Dow Industrials and the Nasdaq 100 are all well on their way to a record tying 9th straight yearly gain:

 

 

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Impressive.  Hat tip Charlie Bilello

 

SP500

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Economics 101

Great stuff, from the Center for Freedom and Prosperity Foundation:

Hat tip Glenn Reynolds

How Trump’s First Three Months Point the Way to Three Percent Growth

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Great article here from Roger Kimball, enjoy: www.amgreatness.com

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