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To: Roads End who wrote (222)9/23/2011 2:07:10 PM
From: TH  Respond to of 510
 
R,

Let's discuss it afterhours, as I'm watching a few right now...and I feel like buying.

GT
TH



To: Roads End who wrote (222)9/26/2011 10:57:51 AM
From: TH  Respond to of 510
 
R,

I wanted to think a bit more about this.

In general, I've never been much of a Dent fan. I remember his calls for Dow 36k.

He makes some good points, but one thing he greatly underestimates, IMO, is the Fed's commitment to debasement and inflation creation. Dow at 3k? I don't think so, just based on the printing that will come. So when I see targets like that, I tend to look at the entire premise as suspect.

But, the major trends he is discussing are very possible. It is the market pricing that I disagree with. What happens WHEN China and the like really start the Dollar and Treasury dump? Dow 3K? I don't think so.

GT
TH