Goldman predicts 1500 SPX in 2011

atticus · Jan 12, 2011

Quote from Nine_Ender:

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.

How about a dead pool. 1) If we don't touch 1500 SPX then you kill yourself. 2) Alternatively, we can post our wagers here. Either put up some cash or choose option number one.

cyoungmark · Jan 13, 2011

Quote from S2007S:

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.

Totally agree.

Nine_Ender · Jan 13, 2011

Quote from atticus:

How about a dead pool. 1) If we don't touch 1500 SPX then you kill yourself. 2) Alternatively, we can post our wagers here. Either put up some cash or choose option number one.

Buddy, go fk yourself. I hope your short to the hilt most of the year you'll get what you deserve.

the1 · Jan 13, 2011

Ain't that the truth but forget buying under 1000 -- short it all the way down there! This current market sucks unless you buy and hold. Every day it's basically gap and die. The intra-day movement blows. I made more money in 2008 than 2009 and 2010 combined. Down markets generate volatility in both directions and opportunities are plentiful. Nowadays, you gotta be in well before the opening bell but that's a market that can be played as well. You just gotta adjust your strategy. 1500? 1000? Who cares, just let the market move. Point well taken, however.

Quote from S2007S:

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.

nltro · Jan 13, 2011

Quote from atticus:

How about a dead pool. 1) If we don't touch 1500 SPX then you kill yourself. 2) Alternatively, we can post our wagers here. Either put up some cash or choose option number one.

atti, did you get roasted on some major position over the past 6 months? You are as agressive as a fighting pitbull that has not eaten for a week.

atticus · Jan 13, 2011

Quote from nltro:

atti, did you get roasted on some major position over the past 6 months? You are as agressive as a fighting pitbull that has not eaten for a week.

Haha, no. A man has to know his limitations, and Nine_Ender's happens to be intellect.

volente_00 · Jan 13, 2011

19% gain for 2011 ?

History is on the market's side

http://www.safehaven.com/article/19400/the-third-year-of-the-presidential-cycle

Anyone else see the multi year H&S if we were to get back to 1500 cash and make the right shoulder ?

nltro · Jan 14, 2011

Quote from atticus:

How about a dead pool. 1) If we don't touch 1500 SPX then you kill yourself. 2) Alternatively, we can post our wagers here. Either put up some cash or choose option number one.

And then I'm inferring that if we do touch 1500 then you will be the one to join the dead pool?

denner · Jan 14, 2011

Quote from nltro:

And then I'm inferring that if we do touch 1500 then you will be the one to join the dead pool?

If we touch 1500 and gas hits $5 and all the other bullshit fallout inflation from these scorched earth policies, many people will want to end it all.

dtrader98 · Jan 14, 2011

The way I see it... If a major institution comes out with a major call and disseminates it to the masses, it's actually a good bit of information (if you're able to decode it that is).

http://www.elitetrader.com/vb/showthread.php?s=&postid=2373955&highlight=goldman+sachs#post2373955