It's 2002-2007 all over again. Job loss not a big new ' new normal'. High unemployment good for stocks due to globalization and improvements in technological efficiency. No hyperinflation, but no deflationary spiral which means we're still in the great moderation that began in 1982. House won't raise income taxes one penny. We're also at the lower end of the interest rate cycle. Incredibly, rates are still at zero despite a 55% rally & booming projected GDP growth. by the time interest rates hit 6.75% the DJIA may already be at 21,000. It isn't possible for economic conditions to be any more bullish than they are now.
MANY are anticipating s$p 1120, what happens after that is anyone's guess, possible melt up to 1200 is quite possible, however any kind of melt up to these levels will lead to a meltdown.
Unless, it was a massive hike, it would probably backfire since the world has caught on to the Fed's confidence game. Would not be surprised to see all hell break loose soon if they let gold get away from them.
Everyone on the financial forums across the internet are EXTREMELY BULLISH tonight, I remember last week the dow was showing a -100+ at the opening, everything reversed by mid day, tomorrow the markets could open up huge and just sell off throughout the entire day.
This is from May of 2009, looks like we have hundreds and hundreds of days before our next minor 10% correction, in the last 2 decades the s$p has gone thousands of days without a 10% pullback, it looks like were going to break these records. Looking for another 500 days without a 10% correction. That means keep buying the .50% dips.
1120 has been shouted numerous times on television and in articles. Blogs are not the only source of where that 1120 number came from.