neutrino23

Why the Dow Is Headed to 6000

The arguments given are pretty weak. These are black and white descriptions of a nuanced reality. I don't know the future but I can argue with these points.

1. Not only the government is spending money. AAPL, RIMM and others are spending heavily on R&D. Other industries are also doing well. This is why we measure things, to get a handle on complex situations.

2. Unemployment is rising. Yes, and it is expected to keep rising for a while as it is a lagging indicator. This is not unexpected.

3. Wages are depressed. Really? Wall street is still handing out bonuses. Other companies have given raises. How about some measurement of the net effect of raises and trimmed salaries?

4. Boomer retirement. It would be nice to have a study done on this. What will be the effect of boomers postponing retirement? Is it a good thing that they keep working? Would it be better to have them retire and then start spending some of their nest eggs and contributing to consumer consumption?

5. Catch 22. Complex issue. No comment.

6. Government Tapped Out. I'll plead ignorance but it seems we still have a number of options open to us.

7. US can't export itself out of this problem.
I'll agree with that given we've been running a trade deficit for quite some time.