Will the S&P go to 1000 or 1200 ?

Da bull doesn't know which way is up.

 

If that's the best you can argue, i'm sure its 1000 first.

 

A higher number on the SPX just equals higher oil prices to come. By the time the SPX gets to 1200 oil will be over $90 a barrel, maybe the markets will celebrate SPX 1200 and $100 barrel of oil, but on the other hand consumers wont be too happy paying over $3.00 a gallon and prices on goods and services related to the overvalued barrel of oil.


todays closing:


*OIL 76.50 +2.25 +3.03%

 

Why do you always have to be so realistic?

 

Meaning our Santa Claus rally will occur late October 2010, which is right before the November elections !

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I agree. The propaganda machine which WallStreet is in bed with, will push the positive and I believe we will see 1200 or more before elections.

Question is, will the American People be sucker'd into thinking the rally is lasting and a BULL MARKET.

Or will they be fooled again as they were with "CHANGE"!

 

my forecast shows SP 500 bottom around 450-550 before spring 2011

 

I doubt there will be any rally in september and october.

 

What do you call those last 7 of 8 candlesticks? A sideways grease job?

 

1220-1240 by year end on the IHS is what the chart says