The Dow appears to have bounced off of that 30,000-support level, and yes, it is at 33,500 as we speak. It is range bound, and sector rotation is happening, so who knows what will lead the economy going forward.
Like Warren Buffett always says, never bet against the American economy, something usually happens. Innovation, technology, or just old supply and demand has a wonderful way of providing a floor to the American economy.
We watched the computer transform the economy, then the smart phone, who knows what can happen. Like I told my son on many occasions, I believe in Capitalism, just every once in a while, greed gets in the way.
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