You will not believe the type of move these indexes are about to make to the upside, but, I guess this is what makes the markets, different views.
You're right, just look at what the last 2 cuts have done for us!! Must be all upside from here, the problem is over, low inter-bank rates are going to save us all. When the cut happens (if) the dollar will get hit further and oil complex will get over $100 finally.. Equities LOVE high oil.
There is almost no correlation between oil and equities, it just seems that way because the media hypes it when the market goes down. For every day the market plummeted on higher oil, you can find a day it rose on higher oil. The market seems to have done fine the past few years as oil has gone up several hundred percent.
You are right, I will not believe. If the S&P closes over 1500 in the next week, I will give you a formal apology. If not, you apologize to me. Deal?
This market is sitting one or two more deals like the Etrade deal from having a trading Market price for the toxic waste to price to rather than the internal subjective models thusfar. Katy bar the phukin door!