Wednesday, March 11, 2009

Suckers Rally

Today's term is "suckers rally."

Can you say that kids? "Suckers rally."

Japan, the path the US has paralleled on a nearly 100% genetically identical manner, had several of them after their big bubble went poof. And in the end is still down 75% from its high nearly 20 years ago. If we followed the Japanese Nikkei, the Dow Jones would be roughly 3,500 by 2030.



Can you say, "I'm working past 65?"

I knew you could.

2 comments:

Anonymous said...

Come on now, no deputy economist will be working past 65 unless it is by choice.

Captain Capitalism said...

Deputy economists are like Jedi's.

They don't account for the majority of the peeps out there and are a rare breed unto themselves.

Don't get me started about (ahem, ahem, cough cough) Jedi Masters *smug smile* though.

;)