Dow 11k?
Well now since The President "W" has been in office the Dow has not hit 11k. 21 days left to go and looks real close but, I can bet it won't happen. Why well UCLA reports a slowdown in housing could cause a layoff of some 800K employees. Plus look at GM, Ford and Verizon. GM and Ford two automotive companies will layoff some 60K employees combined. Verizon will stop paying into pensions. Now if that's not enough for you. How many Airlines are making money. Or even not losing money. The winter snap will help keep oil prices high. Why does the media keep talking about a rosy economy? Well they don't want to cause a panic. The only problem is their only delaying the bad news for when it's too late. 2006 will be a year of reckoning the country. The party of the elephant will have no where to hide from the people making less than 100k per year. The administration is in the process of creating an hour glass economy. A few rich no middle class and lots of poor. My prediction the economy will tank into a soft depression beginning by Aug or Sept 06. at the latest