Mkt was down in the last three sessions largely egged on my CNBC and their rubbish. But it was healthy and I for one is buying more. I see dow higher for the rest of the week and could be higher by 450 points for the remaining three sessions. For next year I see dow zomming past 20,000 and NASDAQ and S & P even higher percentage wise and inspite of the B.S. onslaught from Steve we will see a GDP growth of between 3.2% to 4.5% in the 4th. quarter 2013. Ideal climate to invest and do business: low int rates, no inflation, high productivity, high confidence, higher exports, better housing, great retail sales and profit and over 100% of all industries doing great whether it is aircraft, hotel and restaurant, retail sales, farm products and farm equipments , airlines, IT and IT consultants, Health Care, Bio Medical , Iron and Steel and Aliminum etc. etc. etc. Banking and Finance etc. etc. etc. So the negativity spreading people "put a sock to it". That 's a dialgue from a movie.
Very good post. For what its worth, my view is the global economy is starting to see the benefits the significant restructuring of global infrastructure, alternative energy sources, better use of information technology and continued innovation. Labor costs remain in check. On the so-called unemployment problem, people will either retrain themselves to take the jobs that are available or will be iced out forever. The millennials will figure this out and get the technical training needed. When Henry Ford started rolling Model-Ts off the assembly line people who were skilled buggy-whip makers had to make a choice. Some did and some didn't. I see the same issue today with the hard core unemployed. Some think their old jobs are coming back. Its sad. I say DOW through 20,000 based on fundamentals and maybe even 25,000 by 2020. Investors will make great money, traders had better be good.