Stevie West Coast

Looks Like We'll See Dow at 10K - Soon?

The 'rallies' we have been witnessing have be of low volume and questionable as useful indicators. Technical analysis might be otherwise useful, however in this unprecedented environment it is of little value. Note that futurists always use the past the predict the future, and get it wrong about 99% of the time. Twain put it best: "I never make predictions...especial... about the future".

Our expectations have been lowered and warped to the point that we get excited when the government decides to spend OUR money to bail out aging business run by inept and/or corrupt management. What the government, financial industry and media are trying to do is cheer lead the market so as to avoid a wholesale run on the markets, banks, etc. Nobody trusts any of these institutions anymore. The US economy has cancer, and sending it to a tanning salon won't help. Yes, it's that bad.