fed wants market support for its fiscal cliff plan, therefore it gets support.
current market conditions! don’t fight the fed.
fed is running the show, place, win…
GS, they change targets every other month.
I don’t have any evidence to go against them, but then, i’m always last to know, if something major is wrong.
GS, they change targets every other month.
I don’t have any evidence to go against them, but then, i’m always last to know, if something major is wrong.
That could fit????? In the fall of 2013 the market to be in some major trouble???
SPY bouncing off that 142.80 area again today.
Have a great day one and all!
You know… going up the 1575 would be absolutely insane! But, the gangsters that manipulate this market are insane, so that makes good sense over the next 6-9 months I guess.
I read this last nite.
Goldman Sachs’ (beware of sheep’s clothing), equity strategy team
led by David Kostin just published its 2013 U.S. Equity Outlook Report.
And it’s bullish.Our 3-month, 6-month, and 12-month forecasts are 1450, 1500, and 1575. We use six valuation approaches including DDM, uncertainty-based P/E multiple, cyclically-adjusted P/E multiple, price/book and ROE relationship.
“S&P 500 sales, which are measured in nominal terms, will rise by 4.4% in 2013 and 4.7% in 2014,” wrote Kostin. “We forecast net margins will remain static as they have for the past 18 months, hovering in the 8.8%-9.0% band through the end of 2014. Given this environment, S&P 500 EPS will rise from $100 in 2012 to $107 in 2013 and $114 in 2014.”
Short term charts look bearish yet the market isn’t rolling over. Not good for bears. If they continue chopping sideways all day they could reset the overbought shorter term ones enough to rally up higher.
I still think they will move up into Wednesday and top out there. It’s another “eleven” day and Bernanke ends the 2 day FOMC there too. In past the FOMC meeting were commonly turning points in the market. I think the same will happen here.
fed wants market support for its fiscal cliff plan, therefore it gets support.
current market conditions! don’t fight the fed.
fed is running the show, place, win…
GS, they change targets every other month.
I don’t have any evidence to go against them, but then, i’m always last to know, if something major is wrong.
GS, they change targets every other month.
I don’t have any evidence to go against them, but then, i’m always last to know, if something major is wrong.
That could fit????? In the fall of 2013 the market to be in some major trouble???
SPY bouncing off that 142.80 area again today.
Have a great day one and all!
i’d say 6-9 is a bit extreme red. more like by sometime February. I
You know… going up the 1575 would be absolutely insane! But, the gangsters that manipulate this market are insane, so that makes good sense over the next 6-9 months I guess.
I read this last nite.
Goldman Sachs’ (beware of sheep’s clothing), equity strategy team
led by David Kostin just published its 2013 U.S. Equity Outlook Report.
And it’s bullish.Our 3-month, 6-month, and 12-month forecasts are 1450, 1500, and 1575. We use six valuation approaches including DDM, uncertainty-based P/E multiple, cyclically-adjusted P/E multiple, price/book and ROE relationship.
“S&P 500 sales, which are measured in nominal terms, will rise by 4.4% in 2013 and 4.7% in 2014,” wrote Kostin. “We forecast net margins will remain static as they have for the past 18 months, hovering in the 8.8%-9.0% band through the end of 2014. Given this environment, S&P 500 EPS will rise from $100 in 2012 to $107 in 2013 and $114 in 2014.”
Fiscal Cliff Update.
and IYT update
http://zstock7.com/?p=7206
Good Morning Gang…
Short term charts look bearish yet the market isn’t rolling over. Not good for bears. If they continue chopping sideways all day they could reset the overbought shorter term ones enough to rally up higher.
I still think they will move up into Wednesday and top out there. It’s another “eleven” day and Bernanke ends the 2 day FOMC there too. In past the FOMC meeting were commonly turning points in the market. I think the same will happen here.
COPPER Trend update: http://niftychartsandpatterns.blogspot.in/2012/12/copper-trend-update.html