ES 1380 by October?

Quote from S2007S:

This rally wont last long, we may touch new highs but it will not last long. We will get another heavy selloff in 2006. 2007 could easily bring on a recession.
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The 4 year cycle has bottomed.
The FED has paused.
The Middle East has simmered down.
The economy has softened.
Crude is stuck in a trading range.
Inflation is leveling off.

What will generate another heavy selloff ...?
 
lol just like what took us to 5 year highs in may. all the things you mentioned in may from oil to the mideast were bad and yet we skied. we don't have to have news to selloff. debt levels are monstorus and the facts are millions of mortgages have reset at twice the payments they were taken out at so the consumer will be hurting. job growth at 100k plus a month is horrible and dropping and based on the huge amount of preannouncements the last 4 or 5 weeks and tons more to come earnings are topping. oh yeah and the bullish in the press and tv is exploding as prices rise. time will tell
 
True ... time will tell.

But the fundamentals are now favorable for stocks.
Whereas the last two years or so they have not, and the market still crept up.

How much did the market gain between spring 2004 and summer 2006? Looks like 4% in the SPX...
 
Quote from rallymode:

And why should this path be any more likely then the alternative? I've always been amused by the absurdity of such posts.
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Maybe the absurdity is not in the post, but the one posting it.

Good analysis is not based upon what happened last week or month or year. But what has happened historically over many years, many decades.
When certain levels, such as these, are consistently hit over months and years, it is likely to continue until the major trend of the market changes.
 
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