By Richard Russell
I can't believe that with all the progress mankind has made, that we're about to slide into a massive bear market. My wishes and hopes are that the bull market continues. The plus today is that the NYSE is back above the big even number of 10,000. Another plus is that the Dow and the Transports are both higher today. But this is early and we have to wait for the closing.
I just heard Janet Yellen speak. It seems to me that Yellen and the Fed are bullish on the economy. I'm afraid that they're going to be wrong. I think any rate increase will be put off until next year. The whole picture of the US and world economy is so confusing that the best thing to do is simply follow the stock market.
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