well, you got taste. I have a tendency to agree with your views. My main problem when discussing the market right now is people tend to only try to see the positives and forget all about risks: 1) CA going bankrupt, 2) banks toxic assets gaining momentum with the mortgage resets, 3) consumers savings rate increasing, 4) market manipulation by the administration. I don't know if your forecast of the Dow at 6000 is right but I certainly agree that before we can make further moves higher, we'll have to look through these risks and in the meantime, a double bottom in the enonomy and the market has to be taken as a very high probability.
On Jun 30 11:44 AM Serge Hagopian wrote:
> thanks for the complement, bro...that's my wife :-)
Dow 6,000, Part II [View article]
I don't know if your forecast of the Dow at 6000 is right but I certainly agree that before we can make further moves higher, we'll have to look through these risks and in the meantime, a double bottom in the enonomy and the market has to be taken as a very high probability.
On Jun 30 11:44 AM Serge Hagopian wrote:
> thanks for the complement, bro...that's my wife :-)
Dow 6,000, Part II [View article]
Why the Dow Is Headed to 6000 [View article]