The stock is market where stored labor works. Contributing editor for this Danny Silkglass stock market memorial blog is now Sam Hill.

Saturday 29 December 2012

IBD managed mutual fund index topping


In Sunsetter Sam Hill's view the IBD managed top mutual fund index has run out of target room and more likely to decline than rise at this point. This he says is true no matter what eventually happens. Anything new in the mix can change anything else in the target range. Still, longer term everything rises because all money has to get out of dollars eventually and this forces up the price of stocks. Dollar declining in value since FDR as his political economic philosophy found inflating the dollar meant inflating the markets fleeing the dollar. 

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