ES prints 1315.00Although this isn't an official forecast, I will be watching to see if the ES prints 1315.00 sometime during the US session.
4,676
ES prints 1315.00Although this isn't an official forecast, I will be watching to see if the ES prints 1315.00 sometime during the US session.
4,676
This was my forecast 6 months ago. Although the market rallied from the lows it fell short of the 1400 level I was anticipating. However, I think the rally will continue in 2012 but not because the US economy is improving... far from it. There will be the odd piece of ‘positive’ data here and there but they belie the fundamental problems that politicians have failed to correct and whose policies continue to undermine any real chance of recovery. This is US Presidential election year (Vote RON PAUL!!) so IMO there will be a herculean effort to fool the public into believing everything is O.K and the market will react accordingly. I’ve seen many people in this forum buy into the ‘positive’ NEWS so if allegedly intelligent operators can be so easily fooled by politicians then so can the uninformed public.
15/3/2012 S&P500 Hits 1400! O.K So it wasn't exactly the end of 2011, but still within around 3 months isn't bad for a call made on June 3, 2011, around 6 months in advance.IMO: The USA is in a great depression and all the weak economic data supports this, but the market has been propped up by the FED's cheap money or 'stimulus' which is now wearing off and also coming to an end. However, Osama Ben Bernanke will not let his Wall Street buddies down, nor will he allow the President to be embarrassed in front of his woman. This is the beauty of fiat money, it allows Politics to 'triumph' over economics...but only in the short run.
To answer the question, the downtrend in real terms will continue, but in nominal terms, the sky is the limit! In S&P500 terms, I would be mildly surprised if it broke below 1250, but by the year's end I think it will be closer to 1400. There is nothing I'm seeing (yet) which makes me think this market is being liquidated so I have been adding to my portfolio on these 'dips' but I am picking my stocks wisely and in a currency that is gaining strength against the $US and £UK.
If I have read the market correctly (and there is always a chance I haven't) I figure it will be higher by the end of the year. This doesn't mean it won't go down further first, but I think there will be more stimulus if it does, you can almost Bernank on it!
AdBlock Detected
We get it, advertisements are annoying!
But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.