Dow 8000 and General Musings

I am not surprised that the Dow finally sustained a level above 8000.  It seems just yesterday that 8000 seemed grossly low.  It almost feels like the 8000 level is overbrought at this point.  Who knows.  But, it looks like this next week is setting up to be very interesting.  If we stay above this level, it will be very bullish.  Trending lower, could signal the end of this bull rallly.  

Also, as the WSJ.com is reporting, Larry Summers received 5.2 million in compensation from a hedge fund he consulted for over the last year.  Not surprising, similiar to Greenspan's activities in the past year or two and his consulting with Paulson & Co.  

Obviously, hedge funds are going to be pay money just to be associated with these men. Considering the success of these hedge funds, it is not surprising they would spend the money to acquire the political clot.  This name association helps not only in the economic forecasting of Summers and Greenspan, but also with the lobbying efforts of the big funds.