yet unemloyment is high, we have a down grade in credit, there is a European Debt Crisis etc?|||There is an underlying belief that the economy is doing much better with recent economic data. Even with all the black clouds on the horizon, corporate earnings were good and there is some pent up demand driving profits in corporations. The stock market tends to look towards the future so if any of these good news gains doesn't pan out the Dow will go back to the lows.
Myself, I am kind of a pessimist here because the Super Committee has to come up with a budget plan on November 23rd. If nothing but gridlock and bad feelings come from this committee then the Dow will take a fall because of the continuation of our debt crisis. So far, the U.S. debt crisis has taken a back seat because it is being dealt with behind close doors. That ends on November 23rd. The Dow could see new lows after Thanksgiving which is typically "Santa Claus" rally time.|||In 2012/13 all stocks will go bang and end up at pre-1990 levels.
The Dow and FTSE have been artificially high for 20 years.
The resulting meltdown will be too horrendous to contemplate.
Conspiracy theorists bang on about comet strikes and planetary alignments in 2012 as predicted by the Mayans and other ancient civilisations.
Trust me,the disaster awaiting humanity is fiscal.|||It's not. It is 2000 points below it's 2007 high. What's good about that?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment