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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (90711)1/22/2008 8:39:05 PM
From: sea_biscuit  Read Replies (1) of 110194
 
The celebration went something like this :

Deflationist 1 : "Who was it about two months back that said DOW 18,000? It wasn't me or you."

Deflationist 2 : "they are going to learn not to laugh at deflation"

(Background info : I had posted on SI that Jim Puplava had forecast new highs for the Dow, later in 2008, maybe even as high as 18,000. Also btw, Puplava had correctly forecast a 10-15 percent decline in the first few weeks of 2008 before the massive Fed reflation machine kicks in.)
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