Just repeating a comment I saw--------
Chuck, everyone has a bias and belief
system that guides their thinking. All I know is that the US
government is borrowing ~33 cents on the dollar and that the Fed has
forced interest rates to near zero and is buying MBS and US bonds to the
tune of over $1 Trillion per year.
Add to that the government has 16.5
Trillion in debt and the consumer is $11 Triilion in debt. In other
words, the economy is on life support and any attempt to remove it cause
a lot of pain.
And soon all the boomers will be retiring and place an
even bigger strains on an already bankrupt system. Yep, it's all
roses and sunshine from here.
Dow 36,000 is right around the corner.