I SEE NO REASON WHY THE DOW CAN'T ADD 800 POINTS PER MONTH FOR THE REST OF THIS YEAR!
CONSIDER: 800 POINTS x 5 MONTHS = 4000 DOW POINTS... = 18,000 DOW.
THAT'S ONLY 200 POINTS PER WEEK FOR THE REST OF THIS YEAR...WHICH IS NOT ONLY DOABLE...IT'S PROBABLY LOW!
BUT I'M ASSUMING THAT THERE WILL NEED TO BE AT LEAST A FEW TOKEN "DOWN DAYS" EVEN IN THIS LALA LAND MARKET!
TRUE, IT WILL REQUIRE A COMBINATION OF THE USUAL HYPE..."BEATING" LOWER EXPECTATIONS, ETC...AND A LARGE DECLINE IN THE DOLLAR... BUT THIS IS DOABLE.
IF THE DOLLAR GOES TO 145 ON THE EURO...AND THE YEN CONTINUES TO WEAKEN...THUS TURBOCHARGING THE CARRY TRADES...
DOW 18,000 IS VERY POSSIBLE!...
OIL? ABOUT $90... GAS $3.85... GOLD IS LONG OVERDUE FROM 800...BUT EVEN 750 COULD GET THE DOW TO 18,000.
