It's all just part of it brother. I work for manufacturing companies, and in my opinion they drive everything. Manufacturing has grown for 14 months in a row. I see them spending and producing and even hiring. Remember my point in this thread...that the Dow would hit 12,000 by end of 2010. That doesn't mean I think the economy will be roaring (because I don't). It doesn't mean I think everyone who wants a job will have one (because I don't). It means simply that the Dow will be at 12,000 by the end of the year and it will be for the reasons I've stated. Just watch, it will happen. Just as I said Ritz would break the AR in the 5,000, it will happen...only this time it's not open ended like my Ritz prediction...it ends when 2010 ends.
SoothsayerDJI wrote:
Flagpole wrote:No, you are incorrect. Buffett has talked of a bond market collapse and that stocks are where to be right now. Do you read anything on a daily basis at all? The vast majority of analysts right now are saying the market is under valued, and many are pulling back on previous gold predictions of $5,000 an ounce within 2 years...WHY?...because people are going to go back to stocks. We still haven't recovered to where we should be following the crazy decline in 2008. When the Dow hit 10,500 for the first time in 1999, the GDP was about $9.25 trillion. Today, with the Dow even higher than that (11,000) the GDP is just under $13 trillion. It's under valued brother. Believe it.
Lol, flagpole, before this post I actually thought you basically knew what you were talking about, if this post is any indication I was wrong about that.
I am correct.
There is a small fraction of data that points at this market being undervalued and most if it is manipulated or biased, though I will say I have read I couple papers based on this belief that are legitimate; however, they are few and far between. But you go ahead and base your market views solely on Warren Buffet (a bad idea), what gold is doing (a very bad idea), and GDP-DOW relationship (a completely ignorant idea, did you even factor in inflation to that GDP number, not that it would make much difference).