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Strange Things in the Precious Metals
Issue #531, July 17, 2018

Buying Years of Retirement
Issue #530, July 09, 2018

Rent-A-Kid for Retirement
Issue #529, July 02, 2018

The Dark Side of Student Loans
Issue #528, June 25, 2018

The Cost of Out-sourcing Convenience
Issue #527, June 18, 2018

Social Security: 66 or 70?
Issue #526, June 11, 2018

Student Loans: There’s (Unfortunately) a Lot More!
Issue #525, June 04, 2018

Co-signing a Note
Issue #524A, May 31, 2018

The Knight Frank Luxury Index and Collectables
Issue #524, May 28, 2018

The Importance of Diversification: The Myth of Diversification
Issue #523, May 21, 2018

How to Save Thousands on Your Food Bill
Issue #522, May 14, 2018

MoviePass and Other Things
Issue #521A, May 10, 2018

Degree Inflation, Long Training Periods, and “Certification”  Part III
Issue #521, May 07, 2018

Degree Inflation, Long Training Periods, and Certification” Part II of III
Issue #520, April 30, 2018

Follow-up on Several Things
Issue #519A, April 25, 2018

Degree Inflation, Long Training Periods, and “Certification”: Part I of II
Issue #519, April 23, 2018

The Kids Birthday Party Hustle
Issue #518A, April 18, 2018

A Pension Question: Part II of II
Issue #518, April 16, 2018

A Physician is an Executive
Issue #517A, April 11, 2018

A Pension Question: Part I of II
Issue #517, April 09, 2018

Is the Correction Over?
Issue #516A, April 05, 2018

Used Car Dealers, Student Loans, the Chinese, and Uncle George’s Rule
Issue #516, April 02, 2018

Starter Homes
Issue #515, March 26, 2018

Redecorating: Beware!
Issue #514, March 19, 2018

NASDAQ Closes at Record High
Issue #513, March 12, 2018

A 40% Chance
Issue #512, March 05, 2018

Several Things
Issue #511, February 27, 2018

Human Capital, Education and Wealth
Issue #510, February 19, 2018

Another Stock Market Update
Issue #509A, February 18, 2018

Some Thoughts on Savings
Issue #509, February 12, 2018

A Stock Market Upfate
Issue #508S, February 10, 2018

Who Can You Trust? Part II of II
Issue #508, February 05, 2018

The Christmas Decoration Pre-worn Jeans Hustle
Issue #Interim Bulletin #507A, February 03, 2018

2018 Outlook for Financial Markets
Issue #507, January 29, 2018

Who Can You Trust? Part I of II
Issue #506, January 22, 2018

Life Insurance Settlements
Issue #505, January 15, 2018

Commodities and Buying the Breakout
Issue #504, January 08, 2018

Buffett Wins His Bet
Issue #503A, January 04, 2018

Practice Real Estate and Free Agency
Issue #503, January 01, 2018

Outlook for 2018: Part III: Stocks and Bonds
Issue #502, December 25, 2017

My Outlook for 2018: Part Ii: Precious Metals
Issue #501A, December 21, 2017

Outlook for 2018: Hard Assets: Part I of III
Issue #501, December 18, 2017

More Thoughts on Bitcoin
Issue #500A, December 14, 2017

Fees and Good Relations with Bankers
Issue #500, December 11, 2017

Salvator Mundi
Issue #499A, December 07, 2017

Should You Rent or Own a Home?
Issue #499, December 04, 2017

A Gift Subscription
Issue #Interim Bulletin #498A, December 02, 2017

Stocks vs Real Estate: Asset Allocation: Part II of II
Issue #498, November 27, 2017

When Good Enough is Fine
Issue #497A, November 22, 2017

Stocks vs Real Estate: Asset Allocation. Part I of II
Issue #497, November 20, 2017

The Saudi Arrests and the Perils of Foreign Investing
Issue #496, November 13, 2017

Gambling and Las Vegas
Issue #495, November 06, 2017

Some Tips on Auto Insurance
Issue #494, October 31, 2017

Bitcoin and the Digital (Crypto) Currencies
Issue #493, October 23, 2017

The Coming Bear Market: Part II How to Prepare
Issue #492, October 16, 2017

Some Observations on Cemeteries
Issue #Interim Bulletin #491A, October 12, 2017

The Coming Bear Market: Part I: The Myth of Buy and Hold Forever
Issue #491, October 09, 2017

The Market makes New Highs
Issue #490, October 02, 2017

The Importance of a New High
Issue #489, September 25, 2017

A Little Insurance: Wealth, War and Wisdom
Issue #488, September 18, 2017

Some Observations
Issue #487, September 11, 2017

How to be Successful in Your Career
Issue #486A, September 07, 2017

How NOT to Buy a Home
Issue #486, September 04, 2017

This Week in the Market
Issue #485, August 28, 2017

Is the “Trump Bump” Running Out of Gas?
Issue #484, August 21, 2017

Gold is on the Move
Issue #483, August 14, 2017

The Importance of Estimation
Issue #482, August 07, 2017

Buying Art and Collecting: Part II of II
Issue #481, July 31, 2017

Buying Art and Collecting in General, Part I of II
Issue #480, July 24, 2017

Physicians need to be More Forceful: Follow-up
Issue #479, July 17, 2017

Physicians need to be More Forceful
Issue #478, July 10, 2017

Your First “Real” Investment
Issue #477, July 03, 2017

Leasing a Watch: Don’t
Issue #476, June 26, 2017

The Importance of Your Children having a Job
Issue #475, June 16, 2017

The Problem with Medical Student Debt is—the Med Schools
Issue #474, June 12, 2017

Critters and Varmints in your Home and Yard
Issue #473A, June 07, 2017

Leveraged ETFs
Issue #472, May 29, 2017

Leasing a Vehicle: Don’t!
Issue #471, May 22, 2017

Issue #470, May 15, 2017

More on Buying Jewelry
Issue #469, May 08, 2017

Buying Jewelry: Gold, Diamonds and Pearls
Issue #468, April 30, 2017

Thomas Sowell: Part III of III
Issue #467, April 24, 2017

Thomas Sowell: Pat II of III
Issue #466, April 17, 2017

Live Close to Where You Work
Issue #465, April 10, 2017

Medtronic in Hospital Management
Issue #Interim Bulletin #464A, April 07, 2017

Thomas Sowell: Part I of II
Issue #464, April 03, 2017

A Political Contribution a an Investment: Part II of II
Issue #463, March 27, 2017

A Political Contribution as an Investment: Part I of II
Issue #462, March 20, 2017

Buffett Selling Vacation Home
Issue #461, March 13, 2017

Advanced Placement (AP) ourses
Issue #460, March 06, 2017

The Importance of a Credit History
Issue #459A, March 02, 2017

A Credit Card Scam
Issue #459, February 27, 2017

The Electronic Health Reord
Issue #458, February 20, 2017

Issue #457, February 13, 2017

Platinum and Palladium
Issue #456, February 06, 2017

Economic Outlook for 2017: Part II of II
Issue #455A, February 02, 2017

Economic Outlook for 2017: Part I of II
Issue #455, January 30, 2017

A Story From Vegas
Issue #454A, January 25, 2017

Land Donation Deals and the IRS
Issue #454, January 23, 2017

The Theory of Gambler’s Ruin
Issue #453, January 16, 2017


By Robert M. Doroghazi, M.D., F.A.C.C.

NASDAQ Closes at Record High

Issue #513, March 12, 2018

    I’ve talked before about the significance of a stock closing at a new high or new low. People are willing to pay more, or sell for less, than they ever were before. The big tech stocks, such as Google (GOOG), Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and the semiconductor have lead the market for the last year and a half, and continue to lead the NASDAQ to new highs.
    Where do we go from here?
    1) The NASDAQ could continue to “probe” the new high. Up a few points, down a few, and then finally breaking upwards for good.
    2) It could back off, but not to the previous low, and in a shorter period of time than the recent correction, before breaking to a new high. This “cup and handle” is a frequent technical pattern.
    3) It could blow through the old high on big volume, only to fall back lower. Such a “false breakout” is bearish, and can indicate a reversal.
    4) The NASDAQ could just continue higher, pulling the DJIA, the S&P 500, and the rest of the market with it. I believe this is the most likely scenario, and would be very bullish. Lowry’s numbers improved considerably last week, and they remain bullish, feeling probabilities suggest the market has not yet seen the final highs of this 9 year old bull market.
    Hang in there, folks.
    I continue to be impressed by the information imparted by the VIX (Volatility Index). In general, when the market is down, the VIX is up, and vice versa.  Watch for divergences. On Wednesday, when the market was down nearly 200 points, the VIX was also down big time. Sure enough, the market rallied and cuts its losses significantly. 
    This is from one of my Granite City Steel buddies about Trump’s steel tariffs. 
    “In the early 80s, there were 800,000 steelworkers in America, today around 140K, and that’s on the high side. The 80s were horrible for the steel industry. They had not modernized. Now the US produces about 1B tons per year. China alone produces 5B. Now add Japan, Germany Canada and many others.
    In 2005 we were in Pittsburgh. A store had a picture of Pittsburg from 1959. As far as the eye can see were open hearth furnaces and blast furnaces. Today no steel companies are left in Pittsburgh. There was another picture I found interesting. A rainy day in 1942. The street lights are on and it looks like midnight because of all the steel smoke and dust.
    US Steel (X) will restart one of the blast furnaces at Granite City Steel, a tedious, 4 month process, and call back 500 workers. This means they will also have to restart the BOF (Basic Oxygen Furnace) to use the hot metal, then the casters to form the metal into slabs. Thank you, Mr. Trump! (Emphasis in the original). USS already said they made a profit last October because of the tax cut”.
    RMD comment: The stock market seemed a little upset with the tariffs, but it’s helping real people in America’s Rust Belt, those mostly been left behind for the last 30 years.
    Wall Street Journal, 3/5/18. “China’s Help Leaves Allies in Debt: Beijing’s financing for projects in 68 countries potentially puts recipients at risk”.
    RMD comment: Last week I had a post on Facebook (FB) that generated a lot of thoughtful and insightful responses (even for FB). “Africa is rich in natural resources, yet their cultures and societies, and thus their governments, are weak. I believe Africa will be “re-colonialized” by the rich countries, with the Chinese leading the way”.
    China loans these countries money to build bridges and mine their resources. They don’t have the manpower to complete the project, so China ships over hundreds of thousands of skilled Chinese workers to perform the work (this has already occurred). The workers stay. Eventually China will consider the projects they created and the land the Chinese live on to be “theirs”, and the local government won’t be able to do one thing to prevent the “takeover”. 
    I continue to recover nicely from my anterior and posterior spinal surgery for spondylolisthesis. I can again feel my little toes, and the pain going down my legs is all but gone. I was unable to urinate post-op and went home with a catheter, which hopefully comes out today.
    RMD comment: How times change. When you were 20 years old, could you ever imagine when you were blowing out the candles on your 67th birthday cake that your wish would be simply to be able to pass your water?       

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