Re: Dow 15,000 ! Just looked at the name of the thread, I am amazed that GrandSupercycle is amazingly right! How could he know more than a year ago?
I was just verifying that hopefully you are being a bit facetious and tweaking him, which is of course richly deserved. The OP's thread starter post in March of 2012 is proclaiming the Barron's cover call of 15,000 a contrarian indicator ( he's heavily bearish ). And as I recall in many other threads, he was calling THE TOP in the major equity market indices.
As long as BUBBLE ben bernanke pumps trillions into the market you can expect dow 16,000, 17,000, 18,000, 19,000 and probably 22,000, but when the next downward cycle hits which it always does, equities will lose at least 50% of their value, so even if the dow gets to 20,000 or 25,000 you will be able to buy it under 15,000 again in the years to come! And dont say its not possible, back in 2007 no one thought the dow was going under 10k and it did, it actually dropped below 7,000!
GrandStupidCycle was calling the top in every thread there was, over and over again. Kept calling his chart the Wyle E. Coyote cliff the market was going to fall off. He was a fucking idiot.
S2007S has been right on...we did get dow 16k 17k 18k 19k 22k....the only thing not yet hit is 25k...