IMO, this is the start of the next leg up and it will be quick - another 1,000 points on the DJIA in a couple of months to 14,800/15,000
Cash needs to find a home fast and company earnings are increasing.
Hold on and watch the bears get fried.
Funny thing is that people shorting the market in the US is at an all time high - this is when the market inflicts the greatest amount of pain as this indicator is a contrary one. People shorting will have to buy to get out which will add to the lift up.
The leading index as posted before has said GROWTH in the US economy very healthy, with late August the next get off point through to November, then further upside (and healthy into 2008).
Interest rates will rise shortly in the US.
What can I say?
I am longer than John Holmes and have been for 4 years.
LOL Phil
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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