[JNB]

Based on what? Yes, its possible that there are enough fools to take the DOW to 10K on a very short term basis, but that will come very much so at the expense of the bond market. The bond market decline will raise long term intrest rates in this scenario, and finally choke off demand for home re-fis, and of course, home re-fis has been the main fuel consumers have been using to prop the economy up. Gotta love reality

[T. Jefferson]

The bond market decline will raise long term intrest rates in this scenario, and finally choke off demand for home re-fis, Gotta love reality.

The Reality is the perception of higher interest rates looming will accelerate financed purchases. Interest rates increasing in the next year is highly unlikely however, since there is no inflation. Stocks trade on the future outlook, which is much brighter.