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Every talking head on the financial news networks are celebrating the new all time closing high on the Dow Jones Industrial Average (DJIA). Last week, the DJIA crossed above the 14,198.00 level that was last made in October 2007. Today, the DJIA is trading as high as 14,515.00 which would be another new closing high on the DJIA. Many analysts and Dow Theory followers are looking for much higher levels on the DJIA. So what are the problems with this rally if everyone is so bullish at this time?
 

Last week I posted part one of Consuelo Mack's WealthTrack interview with Ed Hyman of ISI Group and Dennis Stattman of Blackrock. This post features part two of the interview and contains an interesting discussion on market opportunities outside the U.S. Dennis Stattman has a very bullish view on Japan and believes it is a result of the recent landslide victory for the LDP while Ed is bullish on China.

Whats next for Americas economy?

Posted by ewmahendra on November 27th, 2012

US Economic Outlook 2013   http://www.useconomicoutlook2013.com

When the applause among Democrats and recriminations among Republicans begin to quiet down — probably within the next few days — the President will have to make some big decisions. The biggest is on the economy.

By Terry Connelly, dean emeritus of the Ageno School of Business at Golden Gate University

There is a moment in every Road Runner cartoon when Wiley Coyote finds himself standing on thin air having chased his would-be lunch over the cliff — and then he looks down!

Read More http://www.investmentcontrarians.com/recession/retiring-at-65-the-new-american-pipe-dream/951/

Those on the edge of retirement may be forced to take a step back. By taking “income” out of “fixed income,” the Federal Reserve has made retirement a pipe dream for many. And you can send all your letters of thanks to Federal Reserve Chairman Ben Bernanke.

Consumers spent 3.3% more in 2011

Posted by marketnews on September 25th, 2012

Consumers opened their wallets last year, spending an average 3.3% more on household expenditures than they did in 2010, according to federal data released Tuesday. It was the first yearly increase since 2008, the height of the Great Recession.

Overall, average annual spending rose to $49,705.

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