Monday, March 11, 2013

It takes a lot of wind to sail a leaky boat.

Tom Morrison

I have seen the news about the Dow breaking records.  What does it mean?  Will there be a crash soon? Should I get in? Is it too late?

For an alternate view, look at Simon Black’s graphs. Remember, the DJIA or SPX is not the economy. The graphs say more about the the economy than the DOW.  Click on the link below to read the story.

gasoline vs dow Reality Check: The Dow Jones Industrial Average vs. Bananas

bananas vs dow Reality Check: The Dow Jones Industrial Average vs. Bananas

http://www.sovereignman.com/finance/reality-check-the-dow-jones-industrial-average-vs-bananas-11112/

The main purpose of the stock market is to make fools of as many men as possible.

Bernard M. Baruch

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You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.

Harlan Ellison