I tip the Dow at 5000 within 6 months. You cannot change history -it must eventually revert to historical PE's. The USA will suffer a similar fate to Japan -everyone told me it was "different" when PE's in Japan were about 100 with a lot of stocks, but look what happened. But the USA will trade out quicker though and rebuild based on it's people and open economy -but there will be lots of pain. I agree gold will hit USD$400 and the A$ probably around 80c. Then the whole cycle starts all over again !!!
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I tip the Dow at 5000 within 6 months. You cannot change history...
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