[Iron Munro]

IMHO - Until Federal spending is reined in and the deficit starts to shrink, further increases in the DOW will mostly be due to the plunging value of the dollar.

The Dow may very well end up at 26,000.

But at the same time a pound of sirloin steak will be $10-$15, a gallon of gasoline will be $20-$25, and a can of Pork & Beans will be $3.00.

If there is another Bernanke Quantitative Easing or another Obama Stimulus it will be worse than that.

[LegendHasIt]

GMTA.
I wasn’t copying, honest.

[jdsteel]

Also IMHO: 14,000 or 15,000 for the Dow is not unreasonable. Also, the slow motion train wreck that is Europe and the slowing growth rate of China will keep the dollar a bit higher and our interest rates a bit lower than it would be otherwise.