This post will be short and without drama. Back in November of 2013 I advised you, right here (look for yourself) that I did not see any reason for not being all in the total U.S. stock market.
My projection back then was for a high in the Dow Jones Industrial Average of 18,974.
We flirted a little while with a possible sell signal coming in prior to that but that sell signal never materialized. I later mentioned that we would be careful until we had a monthly close in the Dow of greater than 18,400. So on the last day of trading in July 2016 we closed on a monthly basis at 18,432.
My forecast of 18,974 has been changed to a minimum, meaning I now expect the Dow to trade at 18,974 at a minimum. Once it clears that price, I will offer an additional forecast. If something happens in the mean time, I will also post.
For now I will continue to invest any long term money that I have, using dollar cost averaging, in a no-load, mutual fund that mirrors the complete U.S. stock market index (Wilshire 5000).
Sunday, July 31, 2016
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