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Monday, August 2, 2010

Bad Day For Bears

First trading day of August got off with a bang. DOW over 10,600.
I'm still standing by my prediction of DOW 12,000 by Thanksgiving.
Looks pretty easy from here. 350 points a month will do it. Earnings are good. Interest rates are low. The bears should be exhausted.
And the truth is the economy is very good. This is a good economy with slack that can grow easily without shortages and bottlenecks.
Virtuous
Reasonable
Positive
Happy
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