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Get Out While You Can! Dow Headed to 5000?
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[QUOTE]Originally posted by invester: [QB] [QUOTE]Originally posted by glassman: [qb] lot's of doom'n gloom on main st investor... keep in mind that when technicals and fundamentals do not agree? the technicals lose... strangely there's two fundamental "realities" right now... there's alot of (millions actually) homes still waiting to be foreclosed on... my neighbor moved out of his house well over a year ago, hasn't made a payment in almost two and the house just sets there. the bank wants him to move back in and start making pmnts with no penalty... he won't lot of strangeness going on, and i beleive the market only needs an excuse to crash and burn again... [/qb][/QUOTE]Housing is only 5% of the overall economy. It used to be 20%. I don't see that being a major factor. I also think that productivity is the culprit for the lack of jobs, thus the weakness in specific areas in housing. This market is on fire, and for those that watch mainstream media have been loosing. China, India, better productivity and housing only being 5% of the overall economy has made corporations put there money out there with M&A. QE2 coming as well. Baring anything crazy in the Nov. elections, we should be right on target for my S&P 1300, give or take a few points. [/QB][/QUOTE]
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