Wednesday, October 14, 2009

Dow 10,000

The Dow crossed the 10,000 mark earlier today and Wall Street partied like it was 1999 all over again. While I will agree that Dow 10,000 is an important psychological barrier to break, it doesn't mean we have come close to solving any issues...like unemployment, a decaying dollar, foreclosures, ....

Now we'll see if the bulls can hold of the laying in wait bears. Me? Let's just say I think 10,000 is a nice number, one we hit a decade ago...but an economic recovery still isn't in the cards...

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