OilFinder2 wrote:Notice he just said, "... when the market is at 13000." He did not say, "...when the inflation-adjusted market is at 13000" or, "... when the real value of the market is at 13000." No qualifications were given whatsoever. So, doomers here trying to give him an excuse are themselves making up excuses.
OF, you're a smart guy. This market is just cash from the Fed discount window. You know that's true. I'll say it a second time, if the Fed wants to print enough cash we can have a 30,000 Dow.
I was watching CNBC today and this analyst commented that the market "is all institutional investors now." Well that means banks, that means Goldman Sachs and the hedge funds and Oilfinder
they get free cash money from the Fed discount window, they turn right around buy stocks with it. So go easy on AP about his posts from a few years ago -- what's been going on since then, our central bank printing cash to hand to banksters to buy stocks and Greek bonds, this is all very new we've never seen anything like this ever in the nation's history. It was all a great monetary experiment, the experiment is ongoing, and we've yet to see where it ends.
How bad will the inflation get.. how long can the government deny the real inflation rate.. all I know is gas topped $4 a gallon in California the other day and an enraged motorist threw gas cans at the dude changing the sign price. Keep crowing about your 13,000 inflationary dow, gas could be $5 a gallon by summer.