Oct 31th 2014 – YEAH BABY!!! All Time High Closes!

yeah baby pic

Market View:

I couldn’t resist this picture, as it’s exactly how I am feeling right now…LOL

I feel a little like the sports writer that has run out of superlatives for the superstar on the field.  The superstar being the Dot2Dot trading system.  I am totally gobsmacked…practically speechless at the advance today.

I have a picture on the facebook page with my big smiling face minutes after the announcement of the doubling of investments from the Japanese government into Japanese and international stocks last night.  Literally Hundreds of Billions of dollars will be dumped into the stock market in the US in the coming months.  Basically, Santa came early!!

I remember being somewhat afraid of stepping back into the lion’s den at the bottom of this move in the Indexes, little did I know that I was about to experience the best collective set of trades I have had in quite some time.  Not to say it can’t be repeated, because it will be, but the rapid nature of this particular advance only comes around once every couple of years.  Just extraordinary.

I can tell you, it is just so exciting knowing that I am really making a difference in people’s lives.  Sure, it’s a great feeling to see my own account shoot for the moon, but it’s actually a better feeling, a stronger emotion knowing that I am making a difference and collectively earning hundreds of thousands if not millions of dollars for other people this month.  So thank you for the faith, I am truly honoured to have people that believe in possibility along the ride with me.

Have a very Happy Halloween!!

Market News:

U.S. stocks surged on Friday, lifting the Dow industrials and S&P 500 to record closes, after the Bank of Japan unexpectedly expanded stimulus, increasing hopes for the global economy.

The U.S. dollar climbed against the currencies of major trading partners, including the Japanese yen, while dollar-denominated commodities including gold and oil dropped sharply after the Bank of Japan increased its yearly target for monetary expansion to 80 trillion yen, or $724 billion, from as much as 70 trillion yen. The move comes in the same week the Federal Reserve said it would end six years of U.S. bond purchases.

The Dow Jones Industrial Average rose 200 points to an intraday record of 17,395.54, and ended up 1.1 percent for the session, and 1.9 percent for the month.

After coming within 2 points of its intraday record set Sept. 19, the S&P 500 added 1.2 percent to finish at a record close, with energy leading gains and utilities the sole decliner among its 10 major sectors.

Trading at a multi-year high, the Nasdaq rose 1.4 percent.

The CBOE Volatility Index, one measure of investor uncertainty, dropped 2.7 percent to 14.12.

On the New York Mercantile Exchange, gold futures for December delivery dropped $27, or 2.4 percent, to $1,172.70 an ounce. Crude-oil futures for December fell 90 cents, or 1.1 percent, to $80.22.

The yield on the 10-year U.S. Treasury note used to figure mortgage rates and other consumer loans rose 2 basis points to 2.3347 percent.

Equities offered muted reaction to Friday data that had U.S. consumer spending unexpectedly falling in September, a gauge of manufacturing activity in the Chicago region hitting 66.2 in October, better than the estimated 60.0, and U.S. consumer sentiment rising to 86.9 in October versus an expected 86.4.

News Sources:  CNN Money & CNBC

One Response to “Oct 31th 2014 – YEAH BABY!!! All Time High Closes!”

  1. Robin F

    John and Ann Marie you are absolutely making a difference in my life. Thanks for doing that. Now I have the hope and confidence to retire in ten years. Otherwise I would have to work in the corporate world for 30 years. Happy Halloween…

    Reply

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