Goldman predicts 1500 SPX in 2011
- Thread starter atticus
- Start date
http://www.bloomberg.com/news/2011-...n-2011-treasuries-will-have-decent-year-.html
No way in hell we touch 1500 on SPX in 2011.
No way in hell we touch 1500 on SPX in 2011.
They raised their prediction from 1450 to 1500....
Look at this way, remember when the SPX rallied to to new highs in 2007 and everyone was predicting 1600, 1700 etc etc etc, well no one was predicting anything below 1000 and guess what, it collapsed. Let them have all the fun they want predicting 1400,1500,1600 and even 2000, it might even get there in the next 12-18 months, but when the next collapse comes for the market and stocks (because it always does) you will be able to buy back the SPX under 1000 again, this is a guarantee not an opinion. Everyone thinks its just going to be party time, its reminds me of 2007 all over again, no one has a clue how quick this market can sell off, anything could happen where the market could sink 25-40% in a matter of months, let them hype it up and now and play the game but everyone knows these rallies dont last forever. They never do.
Look at this way, remember when the SPX rallied to to new highs in 2007 and everyone was predicting 1600, 1700 etc etc etc, well no one was predicting anything below 1000 and guess what, it collapsed. Let them have all the fun they want predicting 1400,1500,1600 and even 2000, it might even get there in the next 12-18 months, but when the next collapse comes for the market and stocks (because it always does) you will be able to buy back the SPX under 1000 again, this is a guarantee not an opinion. Everyone thinks its just going to be party time, its reminds me of 2007 all over again, no one has a clue how quick this market can sell off, anything could happen where the market could sink 25-40% in a matter of months, let them hype it up and now and play the game but everyone knows these rallies dont last forever. They never do.
You can sell the SPY December 150 calls for $1.35 today. Go ahead make the plunge if you are so sure of yourself. Free money given according to you there is "no way in hell" they expire with any value. Major ouch if you are wrong though.