ValueInvestor

Economic and Financial Bad News

Gabe, since stock prices are tied to earnings more than anything else, why do you think the DOW would hit 20,000 given the situation of reduced earnings going forward for most companies?

With lower incomes, less credit, lower home equity values, etc. how are American consumers supposed to purchase enough products to increase EPS to a level that will double every companies stock price in the next 2 years? I just don't see it.