Dow Could Hit 14,000 Before Next Crash, Says Phil Town

Stick a cattle prod in a cow's ass, figuratively because I don’t want PETA coming down on me, and watch it move on Dances with the Stars. At least Kate won’t be the only shopping cart on the floor. I swear - that’s the only part I saw.

Point is, jam enough liquidity into the system and the Dow will easily dance to 14,000. That's an easy sell for MOPE. Rising stock prices suggest that the economy is booming. Unfortunately, if the equity "boom" is exceed by the advance in gold, the result is a jobless recovery.

The public wants and in many cases needs to believe the spin. What this means is that many will be unprepared for the trends in place.

Dow Jones Industrial Average (DJIA) - "Depressionary Boxes":


When equities are priced in a stable currency, the huge recovery since 2009 turns into a small consolidation flag within a primary downtrend. This flag, like the two before, will break to the downside.

Dow Jones Industrial Average (DJIA) to Gold Ratio:


Source: finance.yahoo.com