| The real road to recovery?
Posted: 10/19/2009 3:05:37 AM | Check back at the end of 2010 to mid-2011. Unless you're one of the present speculators and profit-takers, it doesn't matter how high the stock market climbs if inflation is rampant (which will help to push it up to record highs, like in the early 2000's). What matters is how much those dollars are worth compared to other currencies. If they're worth a lot less, it won't be Americans maknig the money, it'll be foreign gamblers.
As for the market on Bush's watch, with it reaching numbers of around 14,500 (there's still a long way to go to get back), all that was simply a sign of the impending crash. Anyone with brains wasn't cheering it on. It was all just foolish speculation. | |
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