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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (3158)4/29/2010 1:57:42 PM
From: sandeep  Read Replies (1) | Respond to of 222362
 
Seems really drawn out. Can't imagine DOW doubling in the next 5 years. We KNOW that the world was changing completely due to computerization at that time. What will drive such a change now.

EDIT: Having said that, what a market!!!



To: Patrick Slevin who wrote (3158)4/29/2010 2:59:00 PM
From: not_prudent  Read Replies (1) | Respond to of 222362
 
IMO the debt, at least for the US, still remains far and and away a 'round to it type of problem and one that with the right combination of inflation, tax increases, spending cuts and moderate growth remains fixable with less than draconian measures. When you think about it, it's a tribute to our economy given the dollar amount it occupies. Many countries in Europe and maybe Japan aren't so fortunate. So what is headlines for them is still maybe page 6 stuff for us. I think your stat re. the short term 6%+ advance is pretty impressive. I wouldn't bet against it.



To: Patrick Slevin who wrote (3158)4/29/2010 2:59:53 PM
From: GROUND ZERO™  Respond to of 222362
 
Wow, that's an incredible story... and you know something, I actually can believe it, this market environment is ripe for a 22,000 DOW, I can wait three more years, that is, as long as I stay healthy... nice story and substantial facts, thanks...

GZ



To: Patrick Slevin who wrote (3158)4/29/2010 3:01:54 PM
From: not_prudent1 Recommendation  Respond to of 222362
 
deleted



To: Patrick Slevin who wrote (3158)4/29/2010 3:14:31 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 222362
 
In earlier years, the drop must not have been as large as 200 points since the market wasn't all that high in the first place... it must have been scored on some percentage move or something like that...

GZ