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May 15, 2007

John Markman: Another stock market moron

The only way the Dow hits 21,000 in four years is if stock buyers become even much more irrational than they already are. I suppose that’s theoretically possible. It’s also theoretically possible that either George W. Bush or Vladimir Putin will win a Nobel Peace Prize.

At some point before 21,000, enough people will either start flinging out honest questions, or simply saying “Whoa,” to keep a mega-bubble from getting to ridiculousness.

Or the Chinese will move enough money to euros. Or OPEC will.

Markman says the Dow will hit 21K if it just performs as well as the Dow utilities or transportation indexes.

Well, I suspect the utilities index has been inflated by privatization. A slowdown, if not a stop, to that, plus more global warming worries, will spike utilities in the future, I wouldn’t doubt.

Transport stocks will be jumbled by oil price confusion in coming years.

2 comments:

  1. It is constructive in having people who have experiencedd failures with these so called market gurus like di lido from vector vest. LOMBARDI. JON MARKSMAN ET NAUSEAM. mOST OF THEM PRETEND TO KNOW WHERE THE MARKET IS HEADED AND HOW YOU CAN MAKE ASTRONOMICAL PROFITS. iF YOU SUBSCRIBE BE SURE THAT U ARE GOING TO HAVE A BATTLE GETTING A REFUND FROM THESE BIRDS. i ADVISE FOLLOWING MARK HULBERT S FINANCIAL DIGEST WHICH RATES MANY newsletters impartially

    ReplyDelete
  2. Again may i repeat. Don t trust these market gurus who advertise astronomical profits for a hefty price. Cosult Hulbert Financial digest which rates market letters impartially. Dont throw money away to enrich these birds who pretend to know it all

    ReplyDelete

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