Friday, August 10, 2007

DOES THE DOW "DESERVE" TO BE ABOVE 12,000...?

I DON'T THINK SO... SEE CHART

UNDER THESE CIRCUMSTANCES...I'D EXPECT A GIVE BACK OF THE BIG SPRING "LIQUIDITY" RALLY...BEFORE ANYTHING ELSE CAN HAPPEN...

AS A MINIMUM...!

IN TRUTH...REVISITING 10,000 MIGHT BE A MORE APPROPRIATE OBJECTIVE ESPECIALLY NOW THAT THE SHIT HAS FINALLY HIT THE FAN ON THE DOLLAR, PERPETUAL ASSET INFLATION AND PERMA-BUBBLES.