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selenawright


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Dow Jones Rally
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From 8400 pts to 9300 points... due to international bail out programs and "unlimited" financial assistance... Rally is just short term?
Any ideas?

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littlewalrus


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selenawright wrote:

From 8400 pts to 9300 points... due to international bail out programs and "unlimited" financial assistance... Rally is just short term?
Any ideas?

Well in an inflationary entitiement in nominal terms it might go on longer than you think, but yep I agree with you. I think it will be one of the fastest rallies in history. You know, one of those speculative ones. But it will be undermined by inflation. This post of mine highlights the history of the Dow.

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