Gotta love ZERO RISK in the SP500 = $$$

S2007S said:
I know you are probably like enough already with this amazon market capitalization but I won't stop talking about it....
In the last 5 days alone it's added $42 Billion in market cap, what I'm saying is that there is no possible way these gains continue ...ready for a pull back soon!!!
At the rate it's moving it would be worth $1.8+ trillion by Xmas time which is NOT happening.....the earnings on amazon make that impossible to achieve!!!!
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Think you nailed it drawing attention to AMZN's out of this world mkt cap.
 
No worries, this guy says s$p to 3200....free free free money for all!!! Even the poll taken says there is unlimited highs coming with 8 out of 10 saying keep investing and making free money!!




Dwyer expects profit growth to have a big impact on stock growth this year. He upped his full-year S&P 500 price target to 3,200 from 3,100 based on a multiple assumption of 20 times forward earnings. That target is the highest on the Street. The second-highest is UBS at 3,150.

Will the S&P 500 end the year above January records?
Yes

80%

No

20%

Total Votes: 856
Not a Scientific Survey. Results may not total 100% due to rounding.

https://www.cnbc.com/2018/06/06/wall-streets-biggest-bull-sees-sp-500-at-records-by-years-end.html
 
treeman said:
No. I did your homework for you and now you want me to hand it in for you? Go short if you believe gaps always get filled.
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You did chit.

BTW I went short already and then long after. You skipped right over my original post (ya know the one with a chart pic in it) where I said it is only a matter of the timing. Duh!!!
 

Very interesting....he does mention that most of the corporate tax cuts are just going to stock buybacks which in the long run doesn't contribute to economic growth......

Today one bull says s$p to 3200 this bear says an easy drop to 1600.....for most bulls they should at least acknowledge a fact that this bull market is nearly a decade old and close to retirement, not much left to squeeze out of this market...if any bull has great profits they should keep in mind that there is more downside than upside at this point....sell be patient and wait for a crisis and collapse to get back in...why ride the wave back down when you can sell now go all cash and wait for the next bear market to get back in.
Bull markets don't last forever, no avoiding that fact :)


David Stockman: Stocks will plunge 50% in this 'daredevil market'

https://www.cnbc.com/2018/06/06/david-stockman-predicts-50-percent-stock-market-plunge.html


David Stockman is intensifying his bear case.

President Ronald Reagan's Office of Management and Budget director blames a bull market that's getting longer in the tooth — paired with headwinds ranging from President Donald Trump's leadership to fiscal policy decisions to questionable earnings.

"I call this a daredevil market. It's all risk and very little reward in the path ahead," Stockman said Tuesday on CNBC's "Futures Now." "This market is just way, way over-priced for reality."

His thoughts came as the Nasdaq was reaching all-time highs again, while S&P 500 rose slightly but the Dow failed to extend its win streak to three days in a row.

"The S&P 500 could easily drop to 1,600 because earnings could drop to $75 a share the next time we have a recession," Stockman warned. "We're about eight or nine years into this expansion. Everything is crazily priced. I mean the S&P 500 at 24 times at the end, tippy top of a business cycle."

One of his biggest gripes with the bulls is the notion that President Donald Trump's tax cuts are providing a fundamental lift to stocks.

"These tax cuts are going to add to the deficit in the 10th year of an expansion. It's just irresponsible crazy," he said. "It's all going to stock buybacks and M&A deals anyway. That doesn't cause the economy to grow. It's just a short-term boost to the stock market that doesn't last."

Stockman has made similar bearish calls in the past, but they haven't materialized. Yet, he's not backing down.

"There are some huge surprises lurking out there because we've had eight years of monetary expansion that is just off the charts of history," he said.

When pressed for when a massive sell-off could hit stocks, he didn't give a time frame.

"When the catalyst finally comes, it's hard to say," Stockman said. "No one can ever define what the black swan is because that is why it's called a black swan."

 
I'm reminded of:

"Markets can remain irrational a lot longer than you and I can remain solvent."

- A. Gary Shilling

(not John Maynard Keynes as so often it is incorrectly attributed)
 
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