Thursday, November 4, 2010

I am a little worried

Hi

QE 1 was introduced when Dow Jones is near 6600 points. Right now, QE2 was introduced while Dow Jones is at 11200. This is already in the two year high. Do people still believe that the stock market will continue to soar while the unemployment rate remains at this high level? I am a little worried. I personally think QE2 is a good move but the market is just too optimistic. I think the stock market will rise to 11500, then it will start to drop at that point. There's good news in the industries but the rally has started since August, 2010 when Dow is below 10000. Thus, I suggest investors should be careful in this rally. The market might shift position anytime.

Thanks

MC

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