Research Pit

[sumisu]

Jagman,

I agree with this Dow 40,000 concept, if the Dow is loaded with precious metals and energy stocks. But that will not happen.

I don't believe the Fed's inflation figures and maybe you know the answer. What would the Dow be if measured in 1970 or 1980 dollars? You and I know that the dollar has been very inflated particularly over the last three decades, so these inflated dollars represent the present Dow level.

Hold on, yes, I believe the Dow will reach 40,000. My second paragraph quelled my doubts. It will be inflated to 40,000 fed by the ingenious Fed dropping dollars out of helicopters.

Have a good Sunday,

sumisu