As in crap shoot
Inflation is such a wonderful thing! Soon the government will be able to buy its own debt because China will refuse to. It will be a glorious dayin in Obamerica.
The federal government has decided to inflate it's way out of it's social security mess and other "obligations".
Hopey, changey... neat.
LOL! It’ll be 6,000 or less long before before it ever hits 14,000. Who planted this article?
obama is giving another speech today- he is proposing to fix the world banking system now- he has another plan. There is nothing this genius cannot do (sarc).
A healthy and prosperous stock market is not the product of computerized programs trading the same shares of the same worthless “zombie” companies thousands of times an hour to generate 1/10 cent per trade. That is what we have now. At the same time, personal debt is exploding and consumer credit is cratering. New jobs are simply not being created and unemployment is being intentionally under-reported. The companies that might otherwise create jobs are presently facing a massive increase in both taxes and regulations and are thus not planning to hire. Without more working Americans, even the interest on debt cannot be paid. Do the math.
It will be interesting to watch the markets today as he speaks.
This “rebound” is a mile wide and an inch deep.
There is no strength or substance to a “jobless recovery.”
Insiders are dumping their holldings at a record pace.
Outsiders beware.
Really this is just pro-Obama propaganda. If Barry gets his way the economy will be devastated and obviously so will the stock market. I don’t know how you factor in the Obama risk into the risk/reward analysis so I’m not in stocks.
If US currency is devalued by 90%, an unlikely rumor, the Dow would go to what, 100,000? So yeah, I suppose that with the coming inflation, 14k isn’t out of the question.
Could you give that to me in ounces of gold, please?
[Low rates combined with loan guarantees and continued government spending are just what the doctor ordered. Deployed prudently over time, they should usher in the sort of business confidence that will lead to a strong expansion of credit to consumers and companies, increases in factory lines, growth in employment and the repair of family and corporate balance sheets.]
Oh, this guy is a lunatic. But that isn’t to say he is wrong about a 14,000 Dow, that only requires 40% worth of inflation over three years. No problemo.
September 10, 2001 closing: 9605
September 11, 2009 closing: 9605
September 12, 2017 closing: ????
Letting Lehman fall was a mistake?
The data is not inflation adjusted, and there is huge productivity gains on fewer transactions due to layoffs, hours reductions and inventory draw down.
The markets will go up until they go down and down hard.
Sometime after i’m dead!