Morning Update: June 26, 2014

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Random Walk’s Motto:

Success through integrity and care. The law of abundance means we can all win.

48 Days in a row where the market has not made a >1% move. Unsustainable.

Happy Day!

Important News(?) For the Markets

What could break the 48 day range of no moves over 1%. The Speaker of the House is trying to get his long option premium to kick in (just speculation for humor sake) by suing the President. It is also expected that he is counting votes for possible impeachment proceedings against Obama.

“This is not about impeachment. This is about his faithfully executing the laws of the country”, Mr. Boehner stated. The scuttlebutt is that members of the house are secretly taking opinion polls to see if there are enough votes for impeachment.

So I expect little to come from it, BUT if this does turn into a full impeachment process, the floor will likely fall out of the markets. That will likely not be a factor for several weeks, but I am giving you an early heads-up. Personally I am still bullish on this market and think 17,000 has to hit.

But remember what happened to Clinton when he about to be impeached. He was about to be impeached for lying about cheating on his wife. I lied to my wife every day of our marriage. How else do you get out of the house when being asked. “Does this dress make me look fat?” 

BESIDES: What is Boehner suing for? That no one knows.

• To make Obama finally follow the constitution he swore to follow? Good luck on that. If he was going to do that, he wouldn’t be being sued right now.

• TO make Obama drop his healthcare plan and enroll in Obamacare?

Anyone else think Boehner is really a Democratic mole planted by Obama to give the impression someone is watching the gate? I don’t know much about Constitutional law, but taking the President to The People’s Court seems dumb and likely to make Republicans look even more foolish. Perhaps Boehner should have consulted with Putin first. Putin seems to know how to win all the time against Obama. 

Yesterday and Today

Yesterday

We had some seriously bad economic numbers come out yesterday, and yet the market ran higher. Plain and simple, this market seems to go up no matter what. Only something horrific would take the market down yesterday. Yet at the same time, the climb higher was painfully slow and unconvincing as well. 

Today

I am writing this at 9:45pm, so I have little idea how the overseas markets are going to end up closing. There is not much going on in the world except:

• Iraq being taken over by terrorists

• Syria sending planes to Iraq

• Sen. Kerry warning (Boo Scary) other middle east countries to stay out of it, but since the US announced we are not going to send soldiers there, what backs up the threat?

• A dramatically faster decaying economy.

• Interest rates with little room to go down further (back up economic plan)

• And a President being sued by Congress.

So given that none of these thing are a surprise (with the exception of Boehner taking Obama to Judge Judy), I suspect we have to go higher – as that is the trend. 

POT is held each Wednesday night at 7:00pm eastern.

TONIGHT

Contact the office at 1- 855 – RWT – 0008 for more details. 

Too True To Be Funny

Oh, oh…Little Kim Jong (un)stable is upset that Hollywood made a movie that doesn’t include Elvis (his dad’s hero) or Dennis Rohdman (his hero). Now he is declaring was on the US again for only the 40^th time since gaining office. I guess we have to wait and see if he accidentally nukes himself to see if he means it.

Oh man…I am sure he is having the world quake in their boots now.

This guy is a JOKE. More economic sanctions that only hurts America and helps the countries we are trying to punish? He was better off when he was hanging out with Jane Fonda and protesting the war he almost was involved in, but just collected the medals.

You know he is a mess when his wife’s family owns Heinz ketchup and they cant find a job for him anywhere in the company. Me…in a year my son will be with Random Walk (if I have not retired).

Attorney Stuff

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