Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Think4Yourself who wrote (97534)	5/15/2009 11:01:58 AM
From: Sunny Jim	Read Replies (1) of 116555

<<Some friggin moron on CNBC now saying DOW will go to 12,000 by September. As long as we are fantasizing about what might happen, why not 20,000?>> This country hasn't seen a real recession in so long that we have no idea how they play out. Still lots of people (like Abbey Cohen the other day) who think the market always goes up and the past year's down action is a six sigma outlier. I remember the 70's when the market rallied and choked on a regular basis for a decade. We very well could be in that type of market now. I'd bet on Dow 6k before Dow 12k.

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