Posted by Leonard Steinberg of URBAN COMPASS on December 23rd, 2014 The Dow has sailed past the magical 18,000 number and it shocks me that some are surprised by this…..surely strong 5% Third Quarter US economy growth figures combined with a US consumer ‘tax rebate’ in the form of much cheaper gas, combined with low… [Read More]
DOW 17,000: REPEATING THE MISTAKES OF THE GREAT RECESSION?
Posted by Leonard Steinberg on June 9th, 2014 As the DOW approaches the 17,000 mark, many are asking whether we are experiencing a repeat of the 2006-2008 bubble? One driving aspect of the financial crisis of 2008 was the volume of over-valued property loans held by banks. Loans secured by real estate typically make up… [Read More]
DOW 16,000: THE CLIMB CONTINUES….
Posted by Leonard Steinberg on November 22nd, 2013 The DOW has gone over the 16,000 threshold again to-day: an indicator of an improving economy or a signal that we may be at a high? NO-ONE knows. Lets focus on what we do know. There are strong arguments on both sides for sure. Just finished an interview with… [Read More]