http://instituteofeconomicunderstanding.org/?df3w
Dow 14740. The stock market always goes up. The greatest bull market in human history is still going strong after four years with zero signs of slowing. Every dip keeps being bought. People getting richer than ever with real estate, speculation, web 2.0/social media, and buying the dips. In nominal terms, never before has so much wealth been created than in the past four years. Oh and treasury yeilds still falling despite RECORD highs for the major indicies. The treasury market goes into 'shock mode' on the smallest of bad news, but the market brushes it off. No repeat of the bond crash of 1994 as your perspicacious economic expert predicted many months ago. There will never be bear market ever again, or at least not for many decades. Daily volume will gradually fall as stocks rise, so the amount of money churning in the market will remain mostly unchanged and volatility will converge to zero as financial instruments become better calibrated to smooth out fluctuations. If you want to be a liberal pert, go ahead and keep waiting for the shoe to drop or the blackswan that will never arrive.
I am always right.