No F@#king way! Nothing has fundamentally gotten better in the economy that would spark such an upside. With unemployment likely getting close to or over 10% by the end of the year, and insolvent banks continuing not to lend, and foreclosures continuing to skyrocket with more credit card defaults, our consumer-driven economy won't make any sort of recovery that would prompt the confidence needed to get to Dow 10,000.
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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008
I know its been so long, but you do realize we were at 14k?
http://www.cnbc.com/id/30478135
sorry...
No F@#king way! Nothing has fundamentally gotten better in the economy that would spark such an upside. With unemployment likely getting close to or over 10% by the end of the year, and insolvent banks continuing not to lend, and foreclosures continuing to skyrocket with more credit card defaults, our consumer-driven economy won't make any sort of recovery that would prompt the confidence needed to get to Dow 10,000.
I know its been so long, but you do realize we were at 14k?