Will the DJIA Crack 15,000?

With the good news on unemployment it is hovering around 14,980 - 14,990 or so. I say it breaks 15,000.

 

YES! There it is!

Didn't take long...

 

Blah, blah, blah. All the predictions of this sort of thing happening have all come true in the past 5 years.

 

I didn't mention any names. Anyway, it's the far right, the Tea-Partiers, the Glenn Beckers, that have been saying the quantitative easing won't work, the Fed is printing money, it's unsustainable, there will be a crash, rioting in the streets, etc. etc.

The Fed will do what is necessary to balance the money supply, hopefully they will succeed. They're not going to "stop printing money and take back all they have printed"--that's just stupid talk.

The facts are that corporate America is sitting on cash, they are profitable, and the market is reflecting that fact. They've grudgingly accepted the fact that ObamaCare will be implemented. Now they are starting to hire people.

The stock market is usually the leading indicator of the general health of the economy, and it looks like we will have some slow, steady growth, with bumps here and there.