Friday, December 19, 2014
The Market Surge
A four hundred plus point rally happened on the Dow yesterday. While I would much rather have an up day than a down day, I am less than confident that the bears will remain at bay. If oil continues to collapse, will the rally be sustained? If there is more economic turmoil in Russia, will that help America or drag the US down with it? Will Barack Hussein Obama work with the incoming opposition Congress for greater shared prosperity or play class envy games with executive orders to impose more socialism? The dollar is worth less than it once was, so even though we may have more greenbacks in our wallets, they buy less. I am a long way from sanguine about the direction America is heading.