Thursday, November 26, 2009

THE DOW CONTINUES MOVE TO MID 10,000 RANGE, BUT IS IT AHEAD OF ITSELF

*THE REAL ECONOMIST THEORY IS THAT INDICES GO UP ON VARIOUS REASONS
*GREEN OR BLACK FRIDAY AHEAD FOR THE DOW?
Astoria, New York
The continuation of the rally of the Dow and other indices continues to stun the elite of the economists. As a real economist, you must take in consideration that indices do go up for various reasons. Some of the reasons are good and real ones, others are bad and fake ones. The good reasons: healthy growth of the economy(
with increasing GDP), stronger currency that leads to higher demand for it, political stability domestically and internationally, fair accounting practices with non deceiving disclosures by corporations. The bad ones are simply the opposite of the above list, including inflation and deflation scares and higher interest environments. But economists suggest that we are in period of a mixed bag scenario. Low interest rates with hard to get lending, higher commodity values with sinking real estate values. This is leading to confusion and markets rising with only some slightly favorable news. The markets are pointing to 10,000 for the Dow after European markets sank more than 3 pct on Turkey Day. A real Black Friday ahead?

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