Will we see Dow 10,000 and S&P 1,000?

Above are daily charts for the Dow Jones Industrial Average, ticker symbol: $DJIA and the S&P Large Cap Index, ticker symbol: $SPX.

Watching for the Dow at 10,000 and the S&P at 1,000 as a guide post to where more easing from the Fed may be necessary.  After all this is going to be a very significant election year in 2012.  The deflationary forces of the debt spiral has taken hold of the European financial system and the flight to the dollar and US Treasuries is likely to be short term.  The months ahead point to further downside in the economy and the stock index of your choice.  As previously stated, many times, the need to paper the problems over is becoming more evident as the weeks pass at home and abroad.