donzoab

Dow Target 6,617, October 25, 2009: Here Is Why

Great debate. here is my take.
For now, the market will follow the herd mentality and continue higher until the retail investors are all in.
The FED printing money will eventually lead to a blowoff top just like it did in 1999. Crushing debt, high unemployment, rampent inflation will follow. Municipal governements around the country are struggling to make their debt payments now. Wait unil the rate resets start in 2014 on the commercial RE market.
Investors are chasing return in the hope of gaining back staggering losses. When the tide turns, they will panic and not want to lose again. That may exasperate the power of the move down.
Cash for clunkers is a joke. Another ploy to help save a dying auto industry. Not because they can't innovate, because the refuse to do so. Foreign automakers are years ahead of them. They had their chance and blew it.
Banks/Brokerages and institutional investors have all been bailed out with YOUR tax money. Top execs win. You lose. Did you get a bailout? How is that home price fairing? You can't foreclose on your bank but they will surely go after you. Your tax money saves them and they foreclose on you with what's left. NICE!!!!!
At $11Trillion and rising, our national debt is becoming an enormous burden on our society and future generations. You work hard to send your tax money to china, russia, other countries????? Stupid. They in return send us inferior products and toxic toys. GREAT..
Add it up. Crushing debt, rising unemployment, crumbling infrastructure, commercial defaults, foreclosures, credit card defaults, socialistic new government, bankrupt medicaid,medicare, social security and aging population without retirement savings. Sure the market will rally with $4 trillion on the sidelines. Trouble is, nobody rings the bell at the top.