Daniel Herkes

Dow 10k: The Higher They Rise, The Harder They Fall

Thank you for the interesting article. The rally is mostly hot air, and the 10 000 mark is without value. I contrast this time to the early eighties when the interest rates were near 15%. Cash was king, and the seeds of destruction caused by the strong dollar were being sown.

Thursday Outlook: Another Bubble?

Friday will tell all. The settling of accounts will divine the mindset of the really big investors. What about all those bad loans? What about all those unemployed people? What about the inflationary move by the Fed. to stimulate the credit market?