Monday, October 19, 2009

DOW 10,000!!!! Oh Wait, Make That 7,537






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Another great representation of the amazing loss of purchasing power by the US public are today's oblivious statements about the Dow at 10,000. While in absolute terms the Dow may cross whatever the Fed thinks is a necessary and sufficient mark before QE begins to taper off (Dow crosses 10k just as Treasury purchases expire), the truth is that over the past 10 years (the first time the DJIA was atSource: Theodore's World RSS Feed

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