Posted on 09/14/2009 4:53:17 AM PDT by SeekAndFind
For all the talk of another big drop coming, the pieces are in place for 3 years of 15% annual increases for the giants of the blue-chip index.
It's been exactly a year since the government kicked a smoldering financial crisis into a roaring blaze by letting Lehman Brothers (LEHMQ, news, msgs) collapse. Observers this week are memorializing the mistake, but investors need to look forward -- and what they should see is that the government's later reaction to its error may have actually laid the groundwork for the greatest bull market of the decade.
For while it seems unlikely and irrational in the context of all the lousy economic news you see right now, stocks are well on their way to recovering from the Lehman jolt and ambling with all deliberate speed toward all-time highs. And they don't really care if you believe it or not.
Dow 14,000? Maybe not next week. But in three years? Not a problem.
The signs are abundant, if you know where to look: in the corporate credit markets, in employment trends, in consumer credit trends, in government statements and in corporate revenue trends. You don't need to be a statistician or an insider to see them, but you do need to keep an open mind to see why the 30 goliaths of the Dow Jones Industrial Average ($INDU), companies such as Caterpillar (CAT, news, msgs), Intel (INTC, news, msgs), Bank of America (BAC, news, msgs) and Boeing (BA, news, msgs), could see their stocks rise 15% a year for three years.
Here's what I'm seeing just in the news of the past three weeks and what I think needs to happen next.
(Excerpt) Read more at articles.moneycentral.msn.com ...
Will bread return to 20? Bet on it...
Yep.
That’s why insiders are selling/buying at a 31/1 ratio.
Uh-huh.
Succah!
because of very high inflation, yea
NASDAQ still about 1/2 of its all time high from almost 10 years ago.
I’ll hang on to my day job for now, thank you.
It may very well go to 20,000.
But what good is the ranking of the Dow if it is based on dollars that are worthless?
I'd rather have the Dow at 2000 but with a strong US dollar.
Aside from that, I think the powers-that-be (the Federal Reserve and Goldman-Sachs and JPMorgan and the other controlling institutions), are trying to push the Dow to 10,000 to lure as many suckers back into the market as possible before they dump it and walk away with nice profits.
What we're seeing is a classic pump-and-dump.
I really feel for the middle class, who are putting tax-deferred income into 401Ks and who have already lost half of the value of what they considered their private retirement.
I thought the government would rape those assets by either taking an early tax on them or simply stealing half and rolling it over to Social Security.
I never dreamed that the communists/collectivists were so hateful of the middle class and their economic independence that they would simply manipulate the economy so that half the value of 401Ks would simply disappear, to be of no good to anyone.
The GOOD NEWS = The DOW just hit 14,000!
The BAD NEWS = A cup of coffee costs $18 (in US $$$)
You missed the ride. The big pump and dump already happened and many already lost half of their 401k’s.
When? 3009?
What a flaming shill idiot! Trying to suck Joe Public in for the pump and dump. “Come on in suckers, we need someone to sell to...”
Monkey boy? Why lower yourself in such a fashion? Leave that to the kooks at Kos.
Holiday spending will be another indicator....
Yes. The whole process began on July 3, 2008. That was the moment when the rise of the oceans began to slow and our planet began to heal. Pass the kool aid.
Sure it will. But first it will drop to 1000. That’s when I will build a lot of wealth.
What? I think it will be 140,000. Once Obamaflation gets going.
Time to sell the house, pull the kids out of college and check the sofa for loose change! Stock market here I come! And remember, what happens on Wall Street doesn’t stay on Wall Street! Seriously, I actually just pulled most of my money out of the stock market. I’m thinking about invest in a sure thing: Llama farms!
LLS
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