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Dow 20,000 (Or 5,000) Next?

Which comes first, Dow 20,000 or Dow 5,000… and when?

Via Gordon T. Long,

DOW 20,000?

with Special Guest LANCE ROBERTS

Principal of STA Wealth Management

& Charles Hugh Smith & Gordon T Long

20 Minutes, 25 Slides

In Part I of this multi part series we ask Lance Roberts whether he sees DOW 20,000 or DOW 5,000 ahead, and when?

The economics and fundamentals overwhelmingly suggest the US equity market is now being driven solely by Federal Reserve liquidity injections.

The only way Lance can see DOW 20,000 is to see the market as being in stage 3 of a classic 'blowoff' market cycle:

Phase 1: What Bull Market? Just A Bounce Before The Next Crash.
Phase 2: I Missed The Bottom So I Will Wait For A Pullback.
Phase 3: Market Is Going Up Forever, Just Get On And Ride.

He argues convincingly that Bull Markets don't start from these levels and with these market metrics. His Economic Output Composite Index supports this view.

Listen as Lance kicks-off this discussion with Charles Hugh Smith and Gordon T Long, who share their views as the three go around the table outlining out their respective views (Part II – Charles Hugh Smith and Gordon T Long).

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/zNwRQA8_KLY/story01.htm Tyler Durden

The Surprising Answer For How To Handle The Next Recession

When economic troubles strike, policymakers are eager to do something (anything) to try to help the citizenry. But, as Prof. Lawrence H. White argues in this brief clip, government doesn’t necessarily know how to relieve economic woes, and in fact, often wastes and mismanages resources. Individuals in the market know better what they need in their circumstances, as economist Friedrich Hayek argued during the Great Depression. Critically, he points out, relying on government to fix our economic woes instead of allowing individuals to make decisions for themselves means putting all of our eggs in one basket. Individual decisions in the market won’t be mistake-free, but each individual mistake will be smaller and will correct more quickly. The unusually slow and painful recovery that we have seen in this recession surely points to problems with the “government should do something” view.

“Who in his right mind would suggest, ‘do nothing’?”… hhmm

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/TtQ_DM8vHNo/story01.htm Tyler Durden

Sense of humor keeps pastors laughing

During a flight between New York and Chicago the captain announced, “Our number four engine has just been shut off because of mechanical trouble. There is nothing to worry about, however. We can still finish the flight with just three engines. Besides, you will be reassured to know that we have four pastors on board.”

One passenger called the flight attendant and said, “Would you please tell the captain that I would rather have four engines and three pastors on board.”

via The Citizen http://www.thecitizen.com/blogs/dr-david-l-chancey/10-23-2013/sense-humor-keeps-pastors-laughing

Ferree- Pinkepank wedding

Mr. and Mrs. Wayne Ferree of Fayettville are proud to announce the marriage of their daughter, Sarah Elizabeth to Mark William Pinkepank on September 21, 2013. Mark is the son of James and Randi Pinkepank of Peachtree City. The wedding ceremony was held at the Senoia United Methodist Church. A reception followed at the Banquet Hall of Alvaton.

via The Citizen http://www.thecitizen.com/articles/10-23-2013/ferree-pinkepank-wedding

Burch-Hood engagement

Mr. and Mrs. Sam Burch of Fayetteville, Ga. are pleased to announce the engagement of their daughter, Ms. Courtney Burch to Mr. Kyle Hood, the son of Mr. and Mrs. Dennis Hood of Jackson, Ga.

The bride-to-be is the granddaughter of Annelle Burch and the late James W. Burch of Fayetteville, Ga. and the late Mr. and Mrs. Orbin Howell of Macon, Ga.

Courtney is a 2005 graduate of Fayette County High School and a 2009 graduate of Auburn University, from which she earned a Bachelor of Science in Nursing. She is employed as a Wound Care R.N. at Piedmont Fayette Hospital.

via The Citizen http://www.thecitizen.com/articles/10-23-2013/burch-hood-engagement

Religion Briefs 10/23/13

PTCUMC cancels Trunk or Treat
Peachtree City United Methodist Church has cancelled its Trunk or Treat activity scheduled for Oct. 26. The official statement issued by the church states, “This year’s Trunk or Treat will not take place on Saturday, Oct. 26. We want to apologize for any inconvenience this has caused. We look forward to providing this fun, family event next year.”

Cornerstone Baptist plans yard sale, fair

via The Citizen http://www.thecitizen.com/articles/10-23-2013/religion-briefs-102313

Note Singing celebration set for Sunday at Holly Grove AME

The Holly Grove AME Church Stewardess Board will host the annual note singing celebration on Sunday, Oct. 27 at 1:30 p.m.

Shape note singing is one of Georgia’s enduring sacred music traditions. Many do not realize that a separate, vibrant tradition exists in African American communities.

African American shape-note singers employ a unique note system, syncopated rhythms, and an emotional singing style that differentiates their music from that of the Sacred Harp tradition.

via The Citizen http://www.thecitizen.com/articles/10-23-2013/note-singing-celebration-set-sunday-holly-grove-ame

McDonough Road Baptist to host ‘Family Blast’ October 31

McDonough Road Baptist Church in Fayetteville will host a “Fall Family Blast” on Thursday, Oct. 31 beginning at 6 p.m.

“We encourage families to go out and do their trick-or-treating, then come over and enjoy a hot dog, popcorn, drinks and more candy. Then, we’ll show a family-friendly movie on the front lawn, ‘The Lost Medallion,’” said David L. Chancey, pastor.

via The Citizen http://www.thecitizen.com/articles/10-23-2013/mcdonough-road-baptist-host-%E2%80%98family-blast%E2%80%99-october-31

David Phelps to perform at Harp’s Crossing Baptist Oct. 31

David Phelps, the signature voice of the Grammy-Award-winning Gaither Vocal Band will present Classic in Concert at Harp’s Crossing Baptist Church in Fayetteville on Thursday, Oct. 31, at 7 p.m.

“With his seemingly endless trademark vocal range that extends more than three octaves, David is credited as one of the most spectacular voices of our time,” a spokesperson said.

The married father of four has won two Grammies and is currently nominated for 11 Dove Awards in various categories, including Song of the Year and many performance categories.

via The Citizen http://www.thecitizen.com/articles/10-23-2013/david-phelps-perform-harp%E2%80%99s-crossing-baptist-oct-31

Community Servant weekend activities start Friday at COS

Christ our Shepherd Lutheran Church in Peachtree City will host its fifth annual Community Servant weekend Oct. 25-27 with many services and activities offered.

On Friday , Oct. 25, the church will hold a blood drive in the fellowship hall from 3:30 – 8 p.m. Flu shots will be given in Room 214 at 6 p.m. for a cost of $25.99. Medicare and several insurance plans are accepted.

On Saturday, Oct. 26, three services will be offered.

via The Citizen http://www.thecitizen.com/articles/10-23-2013/community-servant-weekend-activities-start-friday-cos