Here's Barry: Regardless, when looking at the big picture, we think it may be time to sell rallies in the market. Until we can see the market extend to fresh new highs, we think the game has changed and we may find ourselves in this "consolidation-mode" for a while. Just a gut-feeling ... http://www.businessinsider.com/rich-barry-cautious-on-the-stock-market-2015-9 so easy a caveman can do it
Indecision year, lows from 2014 will hold in 2015 and in 2016 we get the outcome. When was the last time you saw an outside bar in the yearly chart of SPX? Odds are extremely low.
I am willing to wait it out, I wouldn't argue that 1700 will happen this year, it will happen during this correction phase IMO. So far SPX corrected by 12%, hardly an average, especially considering it had a run of 3 years without a correction. Isn't it around 20% on average? This doesn't look healthy.
Everyone can relax, today goldman said no rate hike until dec......so everyone is all in the clear....just keep buying... Goldman says no rate hike until Dec. What to buy
Odds are extremely low???? Do you know this is a market that no one in their lifetimes has ever witnessed. This is a market that is running on nothing but FED..... meaning anything and I mean ANYTHING is possible. I think those odds are actually EXTREMELY HIGH!!!!