>> DOW 6000 next year >> that's only if it were a free & open market - ng
Seriously looking like it'll stay the historic bull run till Clinton's out - Apres moi le deluge!!! Then Japan.
Look what's slated for 2000: Y2K, Clinton out, Ruben out, & maybe Greenspan out. Ruben was planning on retiring but signed up for another year to use his experience to help with the global short squeeze, er, I mean financial crisis. (Crisis? What crisis?) Greenspan will be of retirement age & how could any Fed Chariman hope to top orchestrating what will probably go down in history as the biggest Fed-Chairman-induced short squeeze rally of all time. Talk about the ultimate poker player, telling the market 6800 was irrationally exuberant, then faking investors out once again to demand a crash at 9300, only to let his buddies load up on the inside information that he'll be lowering rates even though he's told the country it's the best economic conditions in 50 years and he would like to tighten.
For a Fed Chair that can only previously claim to not intervene in the markets, that man, more than anything, has royally screwed with our market three times in the last 1 1/2 years. He's a true market media master - puts all the talking heads to shame. Just when you're sure he wants to prevent a Japan situation and opens the bubble under the guise of letting out some air, he sticks the tube of helium in.
I can only have confidence in a historically high market justified by its fundamentals. And this ain't it.
BWDIK,
Tom (Jim H., you still out there? Think we'll ever return to reality?) |
