What are the doomsayers doing? Sleeping on their cash?
mostly this
So there’s what I think are pretty compelling reasons for Dow 1,000. I challenge you to give one good reason why that target is ridiculous. By the way, “This time it’s different” or “the Government and the Federal Reserve know what they are doing” receive an ‘F’ grade.
We are not oblivious to the meaning of Dow 1,000. After all, our work on the Kondratieff cycle has long forecast the winter depression brought about by too much debt. We don’t take any pleasure in making these forecasts. We know that if they come to fruition many people will be financially destroyed. Such destruction will wear heavy on personal relationships and on people’s health. It will engender massive anger from those who have been dispossessed of their wealth and livelihood. We don’t want it to happen but we are frightened that it will. So far everything that we have anticipated through our knowledge of the Kondratieff cycle has happened. The future looks particularly bleak