Dow gained 308 points or 2.35% to close at 13,412 on the first trading day of 2013. Dow is likely to complete its wave (vii) at around 13,800 level.
With the Federal Reserve pumping US$80 billions a month into the economy, it is hard for stocks, commodities and real estate to come down. Can the global economic problems be solved by endless printing of money? Can a country solve her debt problems by borrowing more money? I think a super bubble is in the making.
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