Maurice, You are wrong, because that kind of inflation will pulverize the bond market, which will lead to a thorough dusting of the equity market, sending DOW below 5,000, which will happen before it ever has an opportunity to go to 20,000 as constituted.
You are right that DOW can go to 20,000, for all THEY need to do is to change the constituent parts, say dropping all the garbage in it now, and substitute with oil, gas, coal, uranium, wind, water, gold, platinum, Sun Media, and Indian banks ;0)
This plays on the same idea as your 'shrinking dollar' but sidesteps the devastation that will greet most of the the current DOW shares.
Chugs, Jay |
