Neil Hennessy: "I think we're starting a 10-year bull market"

SHOOT: The only bull we're going to be seeing is bullshit. Hennessy's idiotic statements have absolutely no basis in reality. How can the economy grow? He's only looking at how you can grow money. And that game is up. Credit has been wiped out, and the energy conundrum continues to lurk in the background. It's unbelievable the sort of fantasy some people are coming up with this late in the day.

clipped from finance.yahoo.com The Dow Jones Industrial rose 15% in the third quarter, closing the book on its best 3-month span in 11 years. Skeptics calls it a classic bear market rally. Neil Hennessy, chief investment officer of the Hennessey Funds, has a more positive assessment. "I think we're starting a 10-year bull market," he claims. During that time, he believes, the Dow will "double for sure" from current levels. His reasoning? Stocks are the only reasonable money-making investment in this current environment of low interest rates. Why "put your money into a 30-year U.S. government bond at 4% and wait 30 years to get your money back?" he asks.