Wednesday, March 11, 2009

Suckers Rally

Today's term is "suckers rally."

Can you say that kids? "Suckers rally."

Japan, the path the US has paralleled on a nearly 100% genetically identical manner, had several of them after their big bubble went poof. And in the end is still down 75% from its high nearly 20 years ago. If we followed the Japanese Nikkei, the Dow Jones would be roughly 3,500 by 2030.



Can you say, "I'm working past 65?"

I knew you could.

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