THIS IS A MARKET THAT MUST DECLINE IN THE FACE OF HIGH OIL AND A WEAKER DOLLAR...BUT WHICH SIMPLY DOES NOT WANT TO GO DOWN...
AS THE DOLLAR WEAKENS FURTHER...THE DOW CAN RISE... I DO WONDER WHAT THE BOND HOLDERS ARE THINKING...BUT THEY SEEM TO BE SECONDARY ON THE STREET THESE DAYS...
IF THE DOLLAR PLUNGES TO 150 ON THE EURO...DOW 18,000 IS STILL POSSIBLE THIS YEAR... I STILL BELIEVE THAT THE DOW WILL HIT 18,000 BY THE END OF THE YEAR...
THE ABILITY OF THE POWERS THAT BE TO CONTROL AND MANAGE ASSET VALUES SHOULD NEVER BE UNDER-ESTIMATED... OF COURSE, ALL OF THE "GAINS" WILL BE IN THE FORM OF INFLATION...BUT WHO CARES AT THIS POINT...
THE DOW WILL BE AT 14,000 BY THE END OF AUGUST...
AND AFTER LABOR DAY...THE ASSET INFLATION WILL REALLY KICK IN...AND A SURGE TO 18,000 WILL BEGIN...
REMEMBER, THIS IS A MARKET THAT SIMPLY MUST NOT BE ALLOWED TO DECLINE...THE GLOBAL ELITES HAVE TOO MUCH RIDING ON THIS INFLATION IN ASSET PRICES....
AFTER 2008...THE ELECTION OF A DEMOCRATIC GOVERNMENT COULD START TO TAKE HOLD...AND THE ELITES MAY HAVE TO REDUCE THEIR RELIANCE ON INFLATION AS A "WEALTH PRODUCING" TACTIC...
