Thursday, April 23, 2009

COULD THE BATTLE FOR DOW 8000 LAST A DECADE?

IS IT POSSIBLE THAT DOW 8000 COULD BE AROUND FOR 10 YEARS OR MORE...?

IT SEEMS THAT 8000 IS THE NEW RANGE ....+ OR- 1000 POINTS...

IN THE 70'S DOW 1000 LASTED FOR YEARS...ONLY ENDING WITH THE RAY-GUN BUBBLE-NOMIC REVOLUTION...

WHICH ALAS, HAS NOW GONE TO EXCESS...AND WILL NOT RETURN ANYTIME SOON.

OF COURSE THERE IS HOPE FOR ASSET INFLATION...BUT IF THAT ASSET INFLATION ALSO BRINGS INFLATION IN GOLD AND GAS...RATES WILL HAVE TO RISE...AND THE DOW WILL BE RIGHT BACK IN THE SOUP...

THAT WAS REALLY THE STORY OF THE 70'S...NOW FORGOTTEN...BUT SOON TO BE RELEARNED...