He was saying up, just for the record. -g- You still believe
we EVER see DOW-5000? I think it's gonna be 1-min waterfalls
without any warning, eventually. Nobody will be short.
The market will be open for 1 minute, then closed limit down
for 1 hr. It's gonna close early on that day, and on the next
day. Bloody Monday and Tuesday. Got holidays? -g-
But that's not happening with 10-year rates staying down and
the dollar hovering above 80. It has to be bond-driven. Stock
valuations are "OK" compared to bonds.
For now, it looks like we might see Dow-14,000 by August.
I expect the machine in the back room will get us there.
We've got low rates, and the market has not even corrected.
Now, we still could dip to 200 DMA if the Fed is late
starting the machine. They should start the presses next week,
or else we'll see 200 DMA for all stock indexes in a hurry,
with a market setting a new high on July, 9, then crashing
for a week after that, right off the new highs.
The crash could happen in July, if the Fed forgets to start
the presses, but somehow I think Ben is a good hilo pilot,
he'll get the hilos in the air when needed. A dollar crash
and related interes rate spike is the ultimate market weapon
against Ben's hilos. Somehow I think once Ben gets hilos
in the air again in mid-July, the dollar could
see high 70-s, then low 70-s, although stocks won't care
until a related spike in rates gets well under way. -g- |
