Archives for October 2017

October 2017 - Page 22 of 23 - Money Morning - Only the News You Can Profit From

Why Warren Buffett Dismisses Overvaluation Fears as the Dow Jones Today Rises Again

The Dow Jones today is projecting a 31-point gain in pre-market hours as Warren Buffett says low-interest rates make today's soaring stocks properly valued.

Global markets have been rallying again as traders shake off concerns about North Korea, Catalonia, and other geopolitical hotspots.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar...

September’s Surprising Sector Reversal Is Not a Market Top

Here's to sounding like a broken record! But… when the broken record keeps churning out the profits, like it has, I'm all ears.

Of course, I've been saying that this market will continue going up – over and over again.

And I've been proven right; the charts don't lie. In fact, this past Friday, the last trading day of September, we notched the 9th all-time closing high in the S&P 500. That means we will have set new all-time highs on more than 45% of the trading days this month!

But the way this has played out in September is even more impressive, and what it means for the month ahead is just as important.

That's because the sectors that were the strongest in the first eight months of the year have fallen off this month – and yet the market has remained strong.

The bears are saying that's an ominous sign, but it's no such thing.

Let's dig into this in a bit more detail with this chart...