This post Five Major Predictions for 2018 appeared first on Daily Reckoning.
Happy New Year!
It’s time to welcome in a brand new trading season. As a 25-year trading floor veteran I know what that means…
Everyone, and I mean EVERYONE always wants to know what I’m hearing on the floor. People want to know the must-have stocks for 2018…and the must-follow sectors.
So I’ll cut to the chase and spill the beans right here. Consider this your 2018 “insiders” trade briefing…
If we haven’t met before, allow me to introduce myself.
My name is Alan Knuckman. Like I said, I’ve spent the last 25 years on the trading floor. Starting in 1991, I worked my way up the ranks from being a runner, phone clerk and broker…
All the way up to becoming a professional trader and a member of the Chicago Board of Trade.
Today, some folks at home might even recognize me from one of my appearances on Bloomberg, CNBC, CNN or Fox News.
But more importantly, 2017 was a fantastic year for traders. For instance, one of the premium research services I publish, The 42 Day Retirement Plan, went an astounding 11 for 11 on closed trades in 2017.
Those are serious results, if I do say so myself. And you know what’s really crazy? I think 2018 could be even hotter…
So let me to share a few of my 2018 predictions with you today. Let’s get to it…
2018 Prediction #1 — The Dow Will Reach 30,000
That’s right, I expect the second longest bull market in history to continue into this new year. I know you’re constantly hearing talk of a bubble, but I think much of that fear is mislaid.
The Dow Jones Industrial Index is now within 21% of the 30,000 milestone which is very achievable after returning 25% in 2017.
With earnings season on the horizon, it won’t be long before the Dow trades through that level. In fact, the last two earnings seasons have produced historically high numbers and I expect the figures announced this month to be even higher due to the projections that include the new tax law.
So don’t take yourself out of the game now, this bull market has still got legs.
Because the Dow is a price weighted index, look for high priced (but low valued) stocks to get us to that $30,000 mark. One that I have my eye on right now is Goldman Sachs (GS).
Remember, any bearish market predictions have been squashed since 2009. And here in 2018 there’s no reason to “go out on a limb” and call a top. The trend is moving higher…keep on profiting while it does!
2018 Prediction #2 — Mergers and Acquisitions (M&A) Will Heat Up
In December alone…
Disney acquired major assets from 21st Century Fox
Campbell Soup bought snack-maker Snyder’s-Lance Inc.
Boeing announced they’re in talks to acquire Brazilian rival Embraer
And Penn National Gaming bought Pinnacle Entertainment
Along with many other major deals.
This is an extremely healthy sign for the market. It tells us that companies do not believe there …read more
Source:: Daily Reckoning feed
The post Five Major Predictions for 2018 appeared first on Junior Mining Analyst.