Jan 25 2013: The DOW has been inflated like a ballon with massive amounts of money (i.e. debt). $1.5+ tillion from the FED in the way of treasury bonds, $5+ trillion of US debt from the Federal in US treasury bonds, $1+ trillion in Dept of Education backed Student loans, plus the entire housing "recovery" financed by the government entites like (FNMA, Freddie Mac, FHA, etc.) The ballon will soon pop.
Check out Elliot Wave International at http://elliottwave.com/ for insights into how social mood drives markets and a discussion of the Deflation Depression we have been in since 2001.
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A comment on Conversation: The Dow is steadily improving while the national quality of life is consistently worsening.
Check out Elliot Wave International at http://elliottwave.com/ for insights into how social mood drives markets and a discussion of the Deflation Depression we have been in since 2001.