Quote:
Originally Posted by Bobblehead
It may be that they sense a weakening. Other than a couple of corrections the indexes have been fairly strong, so they may worry the US Fed may hike rates.
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well i'd call the DOW industrial average an index, but isn't it just the top 100? does it really reflect the whole market or just the cream of the crop?
and if the currency involved has doubled in 6 years, doesn't a number of 11000 really mean something like 5500?
another indicator would be the housing market, and i hear that massachussets and texas have reported major losses in property value.