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Thursday, July 7, 2011

NEW HIGHS?

Stock market has been recovering lately.
But the bears are always on the prowl,

Better to be an optimist
"Don't sell America short!"

recent high on S&P 500 was 1,371, today touching 1,351, off 1.3% from the high
So a new high could come soon, very soon

Dow 30 is off 1.3% from recent high

Dow high was 12,876

Of course there is still a ways to go to attain the prerecession highs.
Which brings me to a point

I don't believe we had a recession.
It is all statistics. It is all politics. It is all propaganda.
I see nothing but prosperity.
I see nothing but gradually increasing wealth and health and productivity.
It is so good, but when anybody loses a dime they scream like bloody hell!

The recession was a myth. It never happened.

1 comment:

The Value Major said...

The thing that blows my mind is just how disconnected from the US economy the stock market is. It's hard to have multinationals do badly when India and China both have 3-4 times our population and 10% growth rates I guess...