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read zeal may be correct for reasons entirely beyond the scope of his analysis. forget the retail investor. remember japan.. apply zeal logic to japan and see what happens. i have not changed my opinion that dow hits 60,000+ by 2030. maybe well before due to inflation. but first ongoing deflation, unless the fed panics and buys anything that moves!! that will be the black swan! the timing will be based on technical factors. left to its own devices, markets and global economy could disintegrate. feds job is to not let that happen in conjunction with other central banks. does that imply a weak dollar or a strong dollar. of course, the bond market is central. watch it very closely. it argued for deflation until friday!!!! something significant may be happening in the coming weeks to prevent a spiraling decline.