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The Predictive Power Of The DOW! Witness The Rise In May 2008!

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Median Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 02:49 PM
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The Predictive Power Of The DOW! Witness The Rise In May 2008!
Edited on Tue Mar-03-09 02:50 PM by Median Democrat
When Paulson declared that the worst is over. The DOW knows all. Just ask Cramer, CNBC, the WSJ, and Fox News. Listen to the DOW! If the DOW goes up, this mean that the fundamentals of the economy are strong. The DOW is never wrong:

;)

/snip

WASHINGTON (Thomson Financial) - The credit crisis that has scorched international financial markets is on the wane but more shocks are ahead, U.S. Secretary Treasury Henry Paulson told the Wall Street Journal in an interview published on Wednesday.

'The worst is likely to be behind us,' Paulson told the paper, in one of the most optimistic comments by a top U.S. finance official since sub-prime mortgage losses set a domino effect in motion in mid 2007.

Paulson said it would take 'some months longer' for the situation to stabilize and cautioned there would likely be further 'bumps along the road'.

But, he said, 'there's no doubt that things feel better today, by a lot, than they did in March.'

/snip

The DOW rose in May 2008 around the time of Paulson's comments. Who said the DOW is wrong? Heed Cramer! Listen to the DOW!
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