I don't think so, I think this market will continue to race too much higher highs. I am looking for 15,000 before election Day, or the end of the year, maybe January, and in four more years a stock market of 20,000, thou if just reaches 19,000 and change that would be fine. Corrections will be mild, except when it comes to individual stocks. Some industries will not participate in this newer economy, like my coal stocks.
But others that pertain to information will flourish. This will become an economy of world sharing, and the elevation of literally Billions into a semblance of an american middle class lifestyle. Of course Americans will continue to struggle to maintain there own lifestyles, we once had so much and took it for granted.
But this is america, we all have this inner soul in each one of us that causes us to strive higher in living a full lifestyle.
I was never sure about embracing Cloud computing, but understand the mobile platform. I watch my children and there friends move easily into technology, and like Mary with her smart phone leave me in the dust. Another reason I need Mary so much, who else is going to assist me in doing all of those things with that smart phone.
The ease in how I can do things on my computer has made me so much more efficient in dealing with life's daily chores.
The stock market might have these quick downdrafts, but when you see this friday's unemployment numbers you will see again that the economy is getting much stronger. Some people at dinner last night were commenting about high gas prices, but when I asked about the fuel mileage of there cars they understood that it wasn't much of a factor. Then when I reminded them of electricity and natural gas, so many homes here in Tennessee use natural gas for energy. My electric bills are barely $ 70.00 a month, and this is for 2100 sq. foot home, heating it is almost nothing, its been so warm, thanks to climate change and having no winter this year.
Then there was the new central air unit I put in two years ago, makes that old one a joke, besides there life span are only about 10-15 years. Those industries are doing well down here.
Alstrom just spent 1 Million installing there new solar roof as an example of the new economy down here in Tennessee. Germany has really invaded the south with many industries, and they are flourishing, especially the energy efficient ones, just Google them and you can see many of them.
The economy in america and the stock market is moving forward into the future, I just have to learn how to profit from it better.
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