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We've flatlined for a while now.
Just how do Regressives draw the Letter "V"?
This doesn't look like a V to me.
Dow Jones Industrial Average Index ($INDU) - Stock chart, Index chart - MSN Money
Dow Jones Industrial Average Index ($INDU) - Stock chart, Index chart - MSN Money
Take it back 10 years and look at 5 years of sustained growth from January 03 to January 08.
I'm saying the Numbers of February 09 were an overcorrection of the market. There is a growth that is a leveling in the 10,000 range. Any growth from an overcorrection will appear as a V. We will flatline there for the remainder of 2010 at least.
That's my opinion.
Talk to me in a year.