Dow hits all-time high, again (18,668.44)

[Warpy]

6. I told people that the only ones who would get hurt were the Chicken Littles

who were convinced the world was going to end and sold at a loss. Panic is the worst reason to make any decision, especially a financial one.

However, except for that one big dip, the market has been essentially flat for over two years, 18,000 plus or minus 500 DJIA. Once again, a rapid inflationary period in the market is over, with no more easy paper profits to be made, only profit from sucking a little out of every trade made via HFT computers at hedge funds.

People who own pounds are still in trouble, the pound having recovered slightly after The Big Dump but now easing slowly downward again.

If the plutocracy wants to get into positive numbers again instead of holding steady, they're going to have to give America a raise, boosting demand and thus boosting their dividends. Otherwise, we're going to stay in a holding pattern until the whole business crashes again.