as per poll question 12 months. but i give her <6 months to come to her senses. --Shortie Punxsutawney Out
A score card after biggest weekly rally since March 2009: SPY, XLE, IWM are still below 200 dma - does not look promising for the bulls. But QQQ has moved above 200 dma - a sign of hope for the bulls? $VXV (volatility 90 days away) ~30 :eek: (somebody is betting on more anxiety down the road)
I believe that the stock market action will be more like yesterday's zigzagging than the flaccid line you drew on you chart.
every blog/forum is full of pessimistic view on s&p 500.. target 100 to 650..... 2012 worst year.... dollar to 100 again
It's binary now. Everyone knows this coming week is the last chance to save the eurozone. So, if that happens, 150 before 100. If not, 100 before 150. Personally, I think the boys and girls in Brussels and thereabouts have finally run out of ways to shoot themselves in the foot, and will come up with something that everyone thinks will save the poor euro. That, and everyone and his brother is a super-bear. Or at least the loud folks are. So, 150 before 100 seems more likely.