DOW 18,000 BY THE END OF THIS YEAR...? DON'T LAUGH...
THIS IS A MARKET THAT CAN GO STRAIGHT UP FOR A LONG LONG TIME...
AS THE DOLLAR PLUNGES...THE DOW CAN RISE ON THE THEORY THAT IT'S "GOOD FOR" MULTINATIONALS. AND NATURALLY, A WEAKER DOLLAR MAKES THE DOW NOMINALLY "LOOK HIGHER" THAN IT REALLY IS...
BUT THE US IS A VERY "NOMINAL" NATION...APPEARANCES ARE EVERYTHING!
REALITY IS JUST A NASTY SIDE-EFFECT! LIKE A HANG-OVER...AND WASHINGTON KNOWS A LOT ABOUT HANG-OVERS THESE DAYS...
DIDN'T WASHINGTON GIVE US THE IRAQ WAR...? NOW THAT'S A HANG OVER!!
YES, THERE IS THAT LITTLE UNPLEASANTNESS ABOUT THE COMMODITIES MARKETS...LIKE OIL AND GOLD...
BUT THAT'S TOMORROW'S WORRY...
TODAY...? DON'T WORRY! BE HAPPY!
SPEND SPEND SPEND TILL THE BANK OF CHINA TAKES THE T-BIRD AWAY....
