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THE ECONOMY, THE WAR IN IRAQ. THE UNEMPLOYMENT, THE RISING COST OF GAS,
FOOD, TAXES, INFLATION, THE TERRIBLE HEALTH CARE SYSTEM, AND a miriad of other problems that is facing our society, where is the money, the incentive,. Are you nieve enough to think that energy guzzling AL GORE will prevail? The man who claims all sorts of things and can't prove anything.
The I've always been a Yankee's fan.
New American 'Business, which is: ( Production, Jobs, new Technology, Oil and Gas Wells, Gold & silver mines, Water electrolis for Hydrogen fuel production.) New technology.
investments make sense. Buy while the dollar is dropping, either way they are winners, If the dollar takes a dive they win, they bought into the largest economy in the world, and bought reasonably cheap, If the economy recovers the investment increases, How do you lose? Remember 40% of the world doesn't even have indoor plumbing, or toilet paper. So why buy elsewhere? Besides the buying of America isn't by Joe Asia, or Joe Europe it is by Major Corporations, Foreign Banks, and Soviern Country Funds. We don't even own the famous Westinghouse corp., a major American powerhouse. France owns major Water Companies, Canada owns the rail lines that are the major north south backbone of our country. States are selling our Toll roads to foreign companies. In 5 or less years, we won't be able to pay our bills, bankruptcy time., Meanwhile we fiddle away our resources in Iraq, Afganastan, and give it to Wal-Mart that kills private enterprise, and sends Billions to China. Meanwhile we sit back and watch 2 idiots spend 100's of millions dollars trying to seduce the stupid public on how they will shaft them when they get elected. It's no wonder our money is falling, everyone in America is asleep at the wheel.
I do see a return of pressure on the 950 mark by the 2nd week of June however.
One out of every 125 is a millionaire.that equals 2,400,000 miiiionaires. Now thte Math....
2,400,000 times an average (estimate/ guestimate) of a average worth of 5,000,000 equals
12,000,000,000,000 or 12 trillion dollars. The remaining 297.6 Miillion at an average of 50,000 equals 14.8 trillion, that's 26.8 Trillion dollars. Then add all the Corporations value, lets say another 35 Trillion or at least a total of 60 Trillion Dollars. The rest of the economies of the world cannot let America go belly up, because they would also fold up. A deep recession, Yes it is more than on the horizon, but the market keeps getting bolstered by media hype, and pumping by the fed, but a 1929 crash all over again, very, very unlikely. Expect a substancial market correction to drop the DOW back down to the 7-8000 range. possibly by the 4th quarter, of 08 or 1st quarter of 09.. Run away inflation, steep price increases, gouging by every greedy co., & individual net worth plummeting, while the rich pile up the riches even more. More Homeless, more Hungry....