Moreover, I feel that the possiblity exists that the later part of the year will show asset prices increase nominally, as a result of excessive global liquidity (reflation), but in real terms provide little to no (or negative) appreciation against the ongoing competitive devaluation of global currencies. In other words, all this money sloshing around will find a home...
S&P 4%, Dow 5%, Nasdaq 7%. I don't foresee a crash/recession. The worst is over, while the market has plunged a bit, it has withstood writedowns extremely well. Altough volatility may remain. Besides the Fed is cutting, at a slow but sure pace.
With the Fed lowering rates? And unemployment still at historical lows? You may well get short squezed... This doesn't mean I'm overly bullish, in fact this may well be a flat year.
I know this is crazy, but I think we'll see much more volatile days than we have these 2 days this week. I am forecasting a 500 point change one day in the Dow up or down. Maybe 75-100 in the S&P.
"I think the S&P will be at 1575 (about a 7.4% return), Dow at 14250 (7.5%), Nasdaq at 2900 (about 9.5%)." I'm with the OP; same prediction
Hmm, good call, eh? Two of these moves in the past two weeks! If only I didn't predict what I had on the opening post! Whoops! (anything could happen though)