Stock Market: What Is Holding Up The Indexes

In the NYSE there are only a few stocks that are holding up the indexes, Dow Jones Industrials Average (DJIA), the S&P 500 Index and the Nasdaq 100 Index. Ten or fifteen big cap tech stocks like Facebook (FB), Amazon (AMZN), Apple (AAPL), Google (GOOG). The assumption is that all of those stocks are going to continue to grow forever, getting bigger and bigger. Maybe some of them will but looking back at history that is rarely the case. Nothing really goes on forever.

What To Expect From Trump?

Take Donald Trump at his word. He says he is going to cut taxes which is great for everybody and for the economy, he says he is going to spend a lot of money on infrastructure. I don't know where the money is coming from but that's what he says and that is why people are enthusiastic at the moment. (iShares MSCI Emerging Markets Index ETF (EEM), SPDR Dow Jones Industrial Average ETF (DIA), Energy Select Sector SPDR ETF (XLE))

Markets: I Am Buying More Russia

I am in Russia now and I am actually buying more Russia. Russians like Donald Trump. It is very likely that Russia's relations with the United Staes will improve in the years after Donald Trump takes office. (Market Vector Russia ETF Trust (RSX), iShares MSCI Emerging Markets Index ETF (EEM))

I Am Not Buying Stocks Anywhere In The World

Right now I am not buying stocks anywhere in the World and that includes China. But I own Chinese stocks, I have not sold them. In the next few years the world is probably going to have serious problems and that will affect Chinese companies too. This means that some Chinese companies will probably go bankrupt but at the same time other parts of the Chinese economy are going to boom no matter what happens to the rest of the world. (iShares FTSE/Xinhua China 25 Index ETF (FXI),  iShares MSCI Emerging Markets Index ETF (EEM), SPDR S&P 500 ETF Trust (SPY))

Crude Oil: Don't Pay Attention To What OPEC Says

I learned not to pay too much attention to what OPEC says it will do or not do. They certainly have been talking a lot. But the question with OPEC is that even when they agree on a production cut, than what happens there is always a country or two doing something else under the table, cheating the supply cut deal. If I were you I would certainly not pay too much attention to OPEC.

Right now, crude oil is making a base between 30 dollars a barrel and 55 dollars a barrel. (United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, )

Trump: The Risks For The World

Donald Trump certainly has got enough bravado, enough ego to do what he said he would do when in the White House. He said the first thing he would do was to change all the trade deals (TPP, NAFTA, etc) and that is not good for the world. (iShares MSCI Emerging Markets Index ETF (EEM), SPDR S&P 500 ETF Trust (SPY))

Trump, Trade Wars & Currencies

I am long the U.S. Dollar. Trade wars usually make a currency go up at least for a while. (U.S. Dollar Index, EUR/USD forex cross, USD/CAD forex cross)