Great article, dead on, and sure footed analysis. As opposed to flagrant journalism, which engages in "the market won't stop until 50,000" or "we're all doomed, the market is going to 1,000".
Let's be realists and let the extremists drive themselves crazy.
The market moves through cycles, and even when they said it didn't, it did.
The cycle is troughing at the moment, and cash is steadying up on the sidelines. As long as the market appears unsteady, the money will stay there. The minute it appears to settle, the money will trickle in.
Will it become a torrent? I doubt it. I see better fiscal management taking place with the next boom. I see it as a longer term upward trend with less exaggerated movements.
Day traders will still create volatility, but I don't see the Dow rocketing to 50,000 in 5 years. Maybe 10...ggg. |
