Quote from Joab:
There is a saying "You get what you deserve" and that's what your going to get all the way to 8000.
btw, I was born in a Bear and make more money in them than any other market condition.![]()
Normally I'd agree with you about 8000. Here's why I doubt it. Foreign markets. For the Dow to trade 8000 where would Shanghai need to fall? It's ALREADY fallen 68% in 11 months. In fact on a global basis American stocks are strong. Even the CAC-40-we don't hear a word about weakness in France-is down 40% from it's high. At some point selling will become exhausted. Plus there's so much friggin' inflation-globally-that stocks will become cheap just by virtue of being measured in depreciating currencies. In case any one didn't notice, Gold rose eighty dollars an ounce today. That folks is NOT deflation in action.