Posted on 12/17/2005 8:22:07 AM PST by new yorker 77
End of the year rallies are the norm. The Dow is close to 11,000 and should really have no trouble meeting and even exceeding it, until the end of the year profit taking begins; if it hasn't already...which is WHY there are sellers.
Year end rallies might be the norm, but if people were truly convinced that the Dow will be at 11,000, it would already be there.
If you were very sure, wouldn't you liquidate your assets and put them into a security that broadly tracks the Dow? Again, the fact that the Dow is at its current level rather than already at 11000 shows that there are willing SELLERS at the current levels, meaning not everyone is as convinced as the conventional wisdom would suggest.
I don't post for popularity and I'll leave if the Robinsons ask me to.
I knew you would say that. You see, you libs all think the same way, while claiming to be "independent" thinkers. I guess that's what happens when you buy into a philosophy that only asks for blind allegiance to a central authority. Enjoy your Kool-Aid.
Just because I don't wnat to read something I'm AGAINST free speech?
Of course not.
But you're posting to a political discussion board. If you post something contentious and refuse to read a dissenting view then your commitment to free speech and rational analysis is suspect.
Naturally I have a high opinion of my own views. :)
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