[rohry]

Market WrapUp is delivered...

[DoctorMichael]

It’s inflate or die! Put another way, our system cannot function in an atmosphere of deflation.

I agree entirely!

...................Which begs the question: So where do we get the consumers from to keep our economy inflated when, because of feminism, worries about overpopulation, etc., most people in the US are not having as many children?

Can you say MEXICO?

[Soren]

I'm off to Turks/Caicos for a week. I've got Prechter's book (per David's recommendation) and a couple short ones by Rothbard in my bag, along with The Killer Angels. Have a good holiday everyone and as Stonewalls says, "good luck to all".

[raygun]

In craps, the number seven holds a special status. First, it is the easiest number to throw with two dice. Second, in craps, seven is both a lucky and an unlucky number. If a seven comes up on your first throw of the dice, you win. If you throw a seven in the course of the game, you lose.

The Dow has now been up seven weeks in a row. Is that lucky or unlucky? Answer: It's irrelevant. The outlook for the market remains bullish, subject to down days and down weeks. And there is what some are calling “event risk.” But there has never been a time when the market wasn't subject to “event risk.”