WHERE WILL WE GO NEXT! I think The Caribbean. I am most at home there....
You may get your 4200 near term Stoney, if I had to guess I'd say we're going up tomorrow despite the futures being red.... but The Savant remains resolute in his prognosis.
I said yesterday it may not be today, tomorrow, or next week... but I did say by August.
There's no denying the Naz and S&P are controlled by a few stocks, but there's a huge difference between an index and the reality of what's actually happening.
Water will seek its level. It always has and it always will. I'm sure Target will say everything's fine and we'll just head higher.
There's only two things that will save this market from new lows. One is Putin either dying or brokering a peace deal;; the other is so far down the road at this point it doesn't matter. But that would be a red wave in November.
China awakes, and as such there's no bottom in sight for oil. Ukraine's grain crop, at least the first portion as things stand now, is f'd. Only someone wearing blinders could miss what lies ahead.
But markets are funny, so yes, you may get your rally Stoney, but I'll be proven right in a relatively short period of time. All things being equal. We will hit new lows, but the whales love squeezing the shorts so yes, 4200 may just in fact happen and your HF will be right.
HD didn't hit $291 today for no reason.
