[liberallarry]

The liberal complaint is that the American economy is currently making capitalists wealthy and illegal aliens and foreign workers better off at the expense of the American middle and working classes...and that this is a result of deliberate policy choices of the Administration.

[governsleastgovernsbest]

Dow's glide to 11,000 looks smooth

I don't hold myself out as a market or economic expert, but this kind of headline, and the thinking behind it, makes no sense to me. If there were a strong consensus that the market is going to 11,000, why isn't it there now? To illustrate: let's assume you sell corn. The current price is $10. If you were convinced that next week it would go to $11, why would you sell it now at $10?

There is a balance of sellers and buyers in any market. If the market is under 11,000, it's because there are people willing to sell it at that price now. They are obviously unconvinced it is going to 11,000 any time soon.

[hubbubhubbub]

11000, 13000, 15000 no limit. Corporate balance sheets looking great (not hiring americans, not building plants)We'll just keep printing $ til we get there. LOL

[Mulder]

It's still way overpriced, IMHO. Historically, the dow:gold ratio has been between 3 and 5 going back to 1900.

During bull markets, the ratio got as high as 45. During bear markets, it got as low as 1. Currently, the ratio is about 20.