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Reply to "Dow below 40000 by end of the year "
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[quote=Anonymous]I laughed at OP when I first saw saw the thread. But it looks we are going toward 40k as opposed to 50k. The problem though is there is so much so much cash in this economy thanks to fed bazooka of free money and the S&P rocket like take off post COVID there is nowhere else to put the money. Think about this folks there is so much money and the only place to put it it's in in the stock market. And this why the market has not reached 40k. Because of index funds people just keep buying the "dips" over and over and over. Whether there are serious challenges in the economy it's irrelevant. There is so much money and only 1 place to park it, there is even no such think as a "dip" anymore especially since the collective thinking is that it will go back up so folks are just buying over and over. The next time we have a true crash it will be awful.[/quote]
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