Current DJIA is 12266 after shedding 300+ points and continues to
vibrate nervously up and down.
Once its slides into 11K territory, expect it to slip slide until some
unknown equilibrium is reached. Meanwhile feds will be printing
dollars like crazy secretly hoping nobody will notice to prop the
economy and stock market up.
As the good doctor Lee Warren phrases it : "The all mighty dollar,
mean green, is over with".
http://www.youtube.com/watch?v=gxkCuVpn-Ec
And the brother could well be right.
If he is, then a cruel joke is about to be unleashed on older people
getting ready to retire with their money still in the stock market.
Banks will be doing well though... never a dull day at the banks
whether the economy is up or down.
