Interesting chart showing Fed raising and lowering rates....

https://image.minyanville.com/assets/FCK_Aug2007/File/fedspxbig.jpg

 

if you combine this(fed bias) with pe ratios(near the historical average) and the underlying trend(up) you would see that historically stocks tipically go up in this conditions. this is not a call but it shows that your data doesnt tell everything

 

Thats not my data....

 

much higher from here

 

I would say the indices easily double into Christmas. The average high beta stock will be up at least 1000% for the year. This is 100% correct.

 

I would keep it around 20,000. 26,000 is just too bullish in my opinion.

 

that's a good chart