June 6th 2014 – Indexes Blow Past Records Again

 

Market View:

Up Up Up.  This bull market cycle that we are entering could be another 1980/90’S style bull run.  I really think we are at the beginning of a bull market that we have not seen for over 20 years.  Only time will tell if I am right.

I have been trading and investing during the worst of times.  I have had to produce a method of that can deal with very volatile markets, making money through the 2008 crisis.  This to me has been a blessing, as IF we are indeed at the beginning of a multi-year bull market the members here and myself at e55.3eb.myftpupload.com are in for a very profitable run.  Warren Buffet started investing the early 1950’s, right at the beginning of that particular secular bull market, perhaps it is our turn.

Market News:

U.S. stocks closed at record highs on Friday for a third week of gains after the May jobs report showed slow but steady improvement in the labor market. The Dow Jones Industrial Average jumped nearly 100 points from a day earlier, while the S&P continued its slow and steady rise.

The monthly data had nonfarm payrolls rising 217,000 and the jobless rate an unchanged 6.3 percent.

As equities rose to records, the CBOE Volatility Index, a measure of investor uncertainty, fell to a more-than one-year low.

The Nasdaq gained 0.5 percent, to above 4,310 points.

For every share falling, roughly three rose on the New York Stock Exchange, where 341 million shares traded as of 2:45 p.m. Eastern. Composite volume cleared 1.9 billion.

News Sources:  CNBC and CNN Money