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<p>[QUOTE=&quot;mikem2000, post: 2161633, member: 30574&quot;]As Kurt alluded to, with the statement of over selling, how do you know that 7000 wasn&#039;t artificially too low.&nbsp; It make little sense just to say it was 7000, now it is 18,000 so that that measn it is too expensive or artifically high.&nbsp; While the Dow and S&amp;P have a lot of variation, sometimes too cheap, sometimes too expensive, at the end of the day though, the indexes will follow the earnings.&nbsp; Right now with the indexes are trading at about a 15 multiple give or take, that would suggest that historically, we are a tad bit high right now, but considering the improving economic conditions, the slightly higher multiple is justifed.</p><p>&nbsp;</p><p>As far as pumping money into the economy, as Kurt put it so well, It worked.... I am not sure why they stackers feel that expanding the money supply is such a bad thing.&nbsp; It is something that is absolutley necessary.&nbsp; You must expand the money supply.&nbsp; As economies grow, the money needs to be increased, or you run into a situation with too few dollars chasing too many goods and BAM, you have deflation which puts the brakes on the growing economy. Deflation is just plain ugly.&nbsp; Even when we were on the Gold Standard, the money supply increased as more Gold was mined, this was necessary, but the big problem was sometimes the money supply (GOLD Mining) could not happen fast enough, which really put a drag on the whole economy.&nbsp; Just not a good way to do things......[/QUOTE]</p><p><br /></p>

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