Thinking outside the box right now, but what if we went down to the Dow 8300 print by the end of September, and then rallied back to the DIA 118.16 print by early next year? It's possible… and certainly likely that we will rally going into the November elections, and continue through the light holiday volume month of December too.
For that matter, Mahendra might be right on his call for Dow 38,000… if hyper-inflation kicks in? Plus, if Goldman/Obama gets the “Cap and Trade” bill passed, they plan to create the largest bubble every with it.
Granted that a Dow 38,000 would be equal to about Dow 3,800 today… in real value, but it still could happen.
Wasn't meant at as a shot at him, more that someone else has moved to the same view. It's pretty lonely if you don't subscribe to immediate doom. I only know of Attila and Alphahorn as two others seeing significant IT upside.
We need a rally to work off the bearishness in the market now Dread, so I think we'll have one over the next few days. Going long seems scary, but I think you made the right call.
Well, we have all gotten whipsawed enough to make bad calls… myself included. So don't be to hard on the guy… LOL.
Although I don't know if it will make it that high or not, as I'm following the FP's, of which the highest one I have recently is 111.17 spy (about 1100 spx… not 1129 or 1135).
Went long in AH. The Chinese PMI is going to be released overnight. I'm betting that it will be a good number, and our late day ramp turns into a gap up on the open that remains open for the rest of the week. I'm using DRYS (dry bulk shipper) as a play on Chinese growth.
Thinking outside the box right now, but what if we went down to the Dow 8300 print by the end of September, and then rallied back to the DIA 118.16 print by early next year? It's possible… and certainly likely that we will rally going into the November elections, and continue through the light holiday volume month of December too.
For that matter, Mahendra might be right on his call for Dow 38,000… if hyper-inflation kicks in? Plus, if Goldman/Obama gets the “Cap and Trade” bill passed, they plan to create the largest bubble every with it.
Granted that a Dow 38,000 would be equal to about Dow 3,800 today… in real value, but it still could happen.
Wasn't meant at as a shot at him, more that someone else has moved to the same view. It's pretty lonely if you don't subscribe to immediate doom. I only know of Attila and Alphahorn as two others seeing significant IT upside.
We need a rally to work off the bearishness in the market now Dread, so I think we'll have one over the next few days. Going long seems scary, but I think you made the right call.
Well, we have all gotten whipsawed enough to make bad calls… myself included. So don't be to hard on the guy… LOL.
Although I don't know if it will make it that high or not, as I'm following the FP's, of which the highest one I have recently is 111.17 spy (about 1100 spx… not 1129 or 1135).
Anthony Allyn reversed course today, calls for 1129. I still like 1135 on Sept 21, Bernanke day.
Trading firmly above 1060 can take it to 1080
Looks like we are up in afterhours now San. Not sure how high we will go but 1080 looks do-able.
Dow Jones analysis after closing bell
New video update is up now gang (same post, so just refresh page)
Went long in AH. The Chinese PMI is going to be released overnight. I'm betting that it will be a good number, and our late day ramp turns into a gap up on the open that remains open for the rest of the week. I'm using DRYS (dry bulk shipper) as a play on Chinese growth.