things are starting to get REALLY SCARY when Jim Kramer makes sense !!!
Re: things are starting to get REALLY SCARY when Jim Kramer makes sense !!!
"Imagine Cramer as your landlord"
LOL
14,000 yesterday. Looks like we are heading into another stock bubble.
Re: things are starting to get REALLY SCARY when Jim Kramer makes sense !!!
^^^ I vote it was first of the month 401k / IRA money transfers. If China and/or Saudi makes good on their talk about dumping the US dollar, this stock bubble will deflate even faster than real estate. PS in pre-Clinton Era inflation rate terms, Dow at 14,000 is way below the 9/11/01 high in terms of equivalent purchasing power. The Chinese and the Saudis and the Europeans all see that the US is robbing a high percentage of their US dollar denominated assets via deliberate US dollar inflation. If they bolt, there will be NOBODY ELSE to bridge the gap created - leading to a massive selloff in US stocks, a massive runup in US dollar denominated commodity prices, and perhaps most importantly a massive credit crunch / interest rate hike for would-be US borrowers.
Re: things are starting to get REALLY SCARY when Jim Kramer makes sense !!!
Irrational Exuberance....all over again.