Reference my previous post.

In any case Richard Band, publisher of a well respected Wall St Newsletter is saying that the Dow will hit 16,000 by late 2008 or early 2009.

Dow 36,000 writ small, I guess, because the only way I see it hitting that number that soon (a 33% appreciation) is inflation hits 50%.

I dunno, maybe he’s banking on some sort of Bush is not the President rally, but this still makes him stupid.