Before this is over, we're all going to lose our shirts. You. Me. The cabbie talking about his mutual funds. The guy behind the deli counter reading Barron's. My "fully invested" barber. The suits on Wall Street. They can afford it. But oh, yes, they'll pay too. We're all floating on the same bubble.
There's no telling when, of course. We might see Dow 8000, 9000 and 10,000 before the next sharp market decline--the dreaded bear market. Incredibly, the current blistering pace would roll the Dow past those milestones by year's end. How far is up? That question is relevant only...
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