Savings rates took another hit today.
More money going into the market.
Problem is, the wolves know this and will wait for a nice rally and then go for the kill.
I expect the dow to get near 14,000 and then close it under 10,000.
By the end of the year 5 year Cd's will be 1.00 and zero for the liquid stuff.
This is exactly what happened to Japan. 80% haircut coming.
10 years from now there will be 1/3 more people over 60, they'll be withdrawing hand over fist. Not to retire happy, but to help the kids not working and just to get by comfortably.