Some may feel that I am being pushy here. After all, the DOW has already dropped nearly 1000 points today and currently sits at 8579. And that's pretty amazing.
But, this is America dammit and we don't settle for amazing. We want Heli-Amazing. So to all you investors, financial advisers etc out there I lay down this challenge. DOW 7000! You can do it! Just think of all those toxic assets on the balance sheets of our financial industry.
And if news that Paulson is heeding Krugman and DeLong's advise and opting for a Swedish-style recap is raising your hopes let me remind you he works for *W*. Quick recap:
Do we really think he is not going to find a way to make Teh Hela-Depression worse?
Think about it. And I promise that once it hits 7K I will begin my own PruDog plan to inject capital into the market. But remember, you want my fat stacks of cash you gotta gimme what I need here and don't play chicken with me cause I am real good at it.