Which we break whenever we feel like doing so.
Great discipline, huh?
Here's our second link to Barron's this 21st day of August 2014:
Don’t Fear the Fed: S&P 500 Hits New High; Dow Industrials Back Above 17,000
Don’t look now but the S&P 500 has hit a new high–again....MORE
The S&P 500 gained 0.3% to 1,992.37 today, its highest close ever. The Dow Jones Industrial Average, meanwhile, rose 0.4% to 17,039.56–putting itself back on the right side of 17,000. The Nasdaq Composite advanced 0.1% to 4,532.10 and the small-company Russell 2000 finished up 0.2% at 1,160.12.,,,
...RBC’s Robert Sluymer and Anna Drotman see another pullback in stocks coming by early September:
Short-term/daily momentum indicators, tracking 2-4+ week directional swings, were helpful to identify oversold market lows in early August. Those indicators are likely to move back to overbought territory heading into late-August/early September and set the stage for another correction into mid-late September. By that time, we expect a more durable intermediate-term entry point to be at hand, consistent with a seasonal rebound through Q4....
