[antaresequity]

Average incomes after adjusting for inflation actually fell from 2001 to 2004, and the growth in net worth was the weakest in a decade, the Federal Reserve reported Thursday.

Couple that up with rising interests rates and the debt fueled spending spree that is definitely coming to an end...AND soaring commodity prices' and the capitalization of emerging markets and a broadening of the global market place and you have a very nice cocktail...

DOW is toast...hold on to your hats its going to be a bumpy ride...

[nopardons]

You don't know nor understand the market at all, so it would behoove you, to refrain from making any kind of comment about any of the markets.

[expat_panama]

Average incomes after adjusting for inflation actually fell from 2001 to 2004...   DOW is toast...hold on to your hats its going to be a bumpy ride...

You might want to avoid basing a negative attitude on the AP, given their tendency to lie.  

It's especially easy to see their lie in this case-- because the current year isn't 2004, we're finishing up the first quarter of 2006.   What's happening is that even with adjusting for inflation, household wealth has not only recovered from the Clinton's economic collapse, but it's now at an all time high.  

These days only a troll or a Democrat party hack could seriously believe we've got a "bumpy ride" ahead.

[billbears]

I believe in a free market system. However what we currently have could not be considered free market in the least. Government intervention into the market through 'regulation', into the economy through the Fed (fiat money vs hard currency; and no the US dollar is not hard currency), and the activity of speculation (not just in real estate) has brought about a situation that we very well could be in for a bumpy ride.

The problem is that when this does happen, either political party in a ploy to pander for votes will intervene further into the economy (much like FDR in the 30s) only making the situation worse.