Categories
Fun

Eli Manning and Super bowl indicator

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The miracle play of Eli Manning and his teammate. ELi is the little brother of Peyton Manning. I think this play will be remembered by people (at least me) for years…

By the way, there is a super bowl indicator for the market, it says if NFC team wins the super bowl the market will be up for the year. Bulls, another reason to thank for Eli and his teammates 🙂

Categories
Fun Stocks

IS Dow 14000 relevant?

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Yesterday Dow Industrial closed above 14,000 the first time in history. Many people, bulls, bears, analysts, CEOs, ordinary workers,…all get excited about this. Many US workers have 401k plan, and I bet some of that is invested stocks (indirectly through Mutual Fund).

But Dow Industrial is NOT a good indicator of the overall stock market. I read it first in Ken Fisher’s latest book “The Only Three questions that count“, this was also confirmed by Mark Faber (CNBC) and trader Mike. Here are the reasons:

1) The 30 stocks of Dow Industrial made up a tiny fraction of overall US stock market. It does contain stocks from different industries, but it’s not as diversified as S&P 500.