Flying At 15,000

Over at the TechTicker, the Dow crossing the 9,000 mark has all the bulls out and on the lawn, leaving piles of crap everywhere. Brian Wesbury is calling the Dow at 12,000 in 12 months, and retracing its highs to 15,000 over the next couple years.



Hey, considering the banks are using the same 30-plus to 1 leverage playbook from 2005-2007 and are once again handing out TEH BONUS to people, why shouldn't we expect a financial replay on the Dow from July 2005 to July 2007 only better, right?

Followed up, of course, by a replay of July 2007 to July 2009, only much, much worse.