It's official now, according to Carl Swenlin of decisionpoint.com, the S&P will sink to 950 before it will rise to 1200. So guys, time to put on leveraged shorts to 950!
watch 1035 on the s$p breaks that good chance were breaking 1000. The bulls are still calling for s$p to 1120+ Some as high as 1150-1200 by December.
Nice turn around by the bulls, my portfolio was bright green a couple of hours ago now red, days isnt over, still have a few hours, market still looks weak but we all know the bulls can push it to the limits when they have to.
Long gold is the place to be! There is where I am reallocating...though still long equities, long everything!