Originally Posted by
Columbia
Dow crosses 14,000. Many predict a further 35% increase in the next 3 years. The trend is your friend.
It also crossed 14,000 in 2007. And was trending upwards very well with predictions of even more than 35% in the next 3 years.
In 2009, it was below 7,000.
This country, and the whole world, has a whole pile of financial problems that aren't being fixed. The problem is just being kicked down the road. As an active investor, the fact that the Dow hit 14,000 today (and its stellar performance lately) makes me very very nervous, not excited. The trend doesn't have a lot to support it and is very misleading.