Long-Term Bullish Patterns For ADI, CME, INTC, MSFT, SYMC
Tim Knight | Jan 25, 2017 12:48AM ET
“You can’t print your way to prosperity.” I used to believe that, but……….meh………here’s what yet ANOTHER “stimulus” package from Congress did for stocks today:
A new lifetime high in the NASDAQ as well as the S&P. That’s what a trillion (with a “T”) dollar infrastructure proposal from Congress did. And, after all, it’s easy to conjure up the money; since we’re already $20 trillion in debt, why not pile on another trillion? Hell, that’s only 5% more debt!
(As a side note, I can assure you that throwing a trillion dollars at “infrastructure” for make-work projects and bridges to nowhere is going to be every bit a ringing success as the High Speed Rail here in California, which will never get finished, but only after costing billions more than pledged).
So anyway, I don’t like doing this, but I’d feel awkward otherwise……….so here are some interesting long-term bullish patterns amongst equities:
Analog Devices Inc (NASDAQ:ADI) Chart:
CME Group Inc (NASDAQ:CME) Chart:
Intel Corporation (NASDAQ:INTC) Chart:
Microsoft Corporation (NASDAQ:MSFT) Chart:
Get The News You Want
Symantec Corporation (NASDAQ:SYMC) Chart:
I only hope that when a real bear market returns in the year 2930, they revive me to witness it.
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