Big Gap up tomorrow and we forget this happened!
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Agree, that is the only way.
Since we are in the business of predicting on some timeframe, I will venture my best guess. We test the 1370-1375 area tomorrow and hold. From there we trend higher, albiet with volatility and have our final rally top of this move up on the day of or the day following the rate cut at the end of the month. From there it is all downhill, with a major sell-off on the next monthly employment report. we bust through the 1370-1375 area and quickly get to 1315.
The market can't crash when it has the biggest back stop in the world, the Fed.
The Bernanke put has already been excercised twice, everyone knows the guy loves to cut rates and pump out money.
I repeat. The market can't crash anymore. Those are past phenomenons when the Fed actually cared about the value of the dollar. When you can print massive amounts of dollars, ala Zimbabwe, the stock market goes up, even in a recession.
The Bernanke put has already been excercised twice, everyone knows the guy loves to cut rates and pump out money.
I repeat. The market can't crash anymore. Those are past phenomenons when the Fed actually cared about the value of the dollar. When you can print massive amounts of dollars, ala Zimbabwe, the stock market goes up, even in a recession.