I have been wrong on a few things, but on this one I will not be. I expect S&P to be at 1200 before the end of the year. Right now the market is backing and filling, basing. In a short time it will thrust forward off of this process to new highs. We are now out of the recession and the crash is over. There will be no more crashes in our time.
Thanks for that bit of info. As per ET's rules, shouldn't both ID's be locked and his IP address banned?
We are marking time, probably until June expiration. Before too long we should visit both 1000 and 880 but in which order is anybody's guess. I suppose the odds, based purely on technicals, favors 1000 first. Last week's 923 low is a key level to watch, as is the 952 high. The factors that will influence are interest rates, the banking sector, stimulus bucks, and inflation/ the dollar, and whatever is best for GS.
I'll ask Joe if he minds if I remove the Port ID. In the meantime, I'll throw all of his threads in chit chat where they belong.
I have not complained about a single other poster; even those who I've had incredibly intense disagreements with, as those people were adding substantive ideas to discussions whether I agreed or not. But this guy...he's the king of the three word posts, just to get a reaction, which is the essence of trolling, just like Monty said.