After the DOW reached 13,200 and a little over that, I felt it would try for 13,400 for April. 200 points a month is not a huge amount, especially for Pension funds and so on. Of course, it remains to be seen what strength comes up in the markets...Think of it this way : 50 points a week, 10 points a day. Every small move will zoom it upwards...
For Europe, the ECB is intending to support Spanish bond purchases. By grace of God, this will underpin the Spanish banks and the mortgages and housing sectors, creating liquidity and that would defintely put the whole economy back on track, with creation of jobs, happiness in homes, heatmaps of happiness. If the austerity measures will shrink the Spanish economy by 1.7 percent over the next year, maybe an idea would be to make 1.7 percent reductions across the board and no drastic cuts in any particular spots, so that everybody shares a little of the pain but all survive and smile through. Side by side, there should be consideration of creating jobs for youngsters, by way of placements, internships, apprenticeships and so on, with some new money borrowed from the ECB, at a low interest rate.
I sincerely believe the worldwide economic Recovery shall continue, with increased global trade and co-operation.