Don’t Drink The Kool-Aid
September 28th, 2006 by 
reality
There is much cheerleading and shilling going on for all time highs on the Dow Jones Industrial Average. Short memories.
Last time we made a new all time high, we peeled off 16% in the next month. The last time we approached that high (in May) we lost 10% in the next month or so (all reference Dow Industrials). A recession is clearly imminent, if not already underway, and the the real estate bubble is popping.
Don’t drink the Kool-Aid. If you’ve been seeing this you’re too close to the punchbowl. 
Posted in Stocks, The Economy | 