Dow 7000, is about to happen !
- Thread starter zanek
- Start date
not looking so clearcut
What's even less clearcut is why the chart on the homepage shows his P/L at a peak, despite the apparently disastrous loss of the past few days.
LOL....and people still believe in this old indicators, old 'Measures" and predictions.
09 was a huge rally, longterm shorts got crushed.
This week, shorts who held got crushed again.
IMHO, very few on this site have made money trading period, so I doubt many were "LONG" this week in general.
But for those who "Trade", as long as the market moves...money is made.
The economy is worse than being reported IMHO. But the DOW is no longer a measure of reality. It's manipulated, and smart money has moved away from the Dow in the last two years.
So, as far as I am concerned, only sheep are still in the DOW. And that equals. 401K money. Hence...FEDS can't afford for the Dow to fall towards 6000 or even 50000. It will not happen.
Yet, that doesn't mean we are in Recovery. Unemployment is now 9.6% and rising.
You either have money, or you don't now adays. Only a few "industries" allow the common american to make high wages. If your fall under the W2 camp....good luck, your wages will decrease while the DOW increases. Tax Rate hikes are a possibilty for next year. Even without, the average wage earner is going "backwards".
Inflation will hit, in the future...which will destroy more buying power for the average American.
So, point being...you can say the DOW is going up, the Dow is going down. Means nothing. The Economy is local and most will be hurting for a very long time....hence the lost decade, yet many think we will escape it.
09 was a huge rally, longterm shorts got crushed.
This week, shorts who held got crushed again.
IMHO, very few on this site have made money trading period, so I doubt many were "LONG" this week in general.
But for those who "Trade", as long as the market moves...money is made.
The economy is worse than being reported IMHO. But the DOW is no longer a measure of reality. It's manipulated, and smart money has moved away from the Dow in the last two years.
So, as far as I am concerned, only sheep are still in the DOW. And that equals. 401K money. Hence...FEDS can't afford for the Dow to fall towards 6000 or even 50000. It will not happen.
Yet, that doesn't mean we are in Recovery. Unemployment is now 9.6% and rising.
You either have money, or you don't now adays. Only a few "industries" allow the common american to make high wages. If your fall under the W2 camp....good luck, your wages will decrease while the DOW increases. Tax Rate hikes are a possibilty for next year. Even without, the average wage earner is going "backwards".
Inflation will hit, in the future...which will destroy more buying power for the average American.
So, point being...you can say the DOW is going up, the Dow is going down. Means nothing. The Economy is local and most will be hurting for a very long time....hence the lost decade, yet many think we will escape it.
Then why is it necessary to harvest email addresses by "signing up" -- for use in a later paid service?
