Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
- Here you go bulls, something to ease the pain....this guy says 2100! on the s$p by years end.... He's an "EXPERT" so you know he is paid the big money to predict only bull markets. I bet jeff carbone was just as wildly bullish at dow 18,000+.....
TOP NEWS & ANALYSIS
S&P to hit 2,100 by year end: Expert
The market's wild ride will likely continue, but stocks will ultimately end higher for the year, financial pro Jeff Carbone says.
And here is another article just a few headlines down on cnbc saying that stocks HAVENT hit bottom yet. So you see the confusion there is now a days with the so much info being pushed to you all at once, one "EXPERT" says s$p 2100 by end of year and then you have these "EXPERTS" saying stocks haven't hit bottom yet.....
gene peroni says that there is a bit more to go but we've see the worst of it, so thats it, we have seen the worst of it. years and years of gains and all of the sudden a drop of lasting only a couple of weeks and the worst is over, Damn I guess in these new markets today corrections only last hours and bull markets last years, years, years and years!!!!!
Lets not forget that gene peroni is SENIOR VICE PRESIDENT AT ADVISORS ASSET MANAGEMENT
If stocks don't go up how does he make money, of course he has to stay bullish, dont all these VPs at asset management companies have to in order to get people to come to them to invest their money!
Stocks haven't hit bottom yet: Experts
Jacob Pramuk | @jacobpramuk
1 Hour Ago
Recently erratic markets reflect a healthy dip from overvalued peaks rather than fundamental weakness, experts said Wednesday.
"I think there is probably a bit more to go but we've seen the worst of it," said Gene Peroni, senior vice president at Advisors Asset Management, in a CNBC "Power Lunch" interview.
Read MoreIs it time to dump global stocks? Or buy?
Major U.S. averages rose more than 1 percent Wednesday, as the S&P 500 teetered on the brink of correction territory on an intraday basis, or 10 percent lower than its most recent highs. The index has shed about 8 percent in the last month.
Getty Images
Traders work on the floor of the New York Stock Exchange.
Before the fall recently, stock growth was "far outstripping value," Peroni said. But he contended the market is now oversold, and any notable catalyst could send stocks through their previous highs reached earlier this year.
Jeffrey Saut, chief investment strategist at Raymond James, also felt markets may have more room to fall before hitting a bottom.
"I think we're in a bottoming process, but I don't think it's complete," he said Wednesday on "Power Lunch."
He added that the correction had bubbled under the surface for "some time" before the dramatic swings last week.
gene peroni says that there is a bit more to go but we've see the worst of it, so thats it, we have seen the worst of it. years and years of gains and all of the sudden a drop of lasting only a couple of weeks and the worst is over, Damn I guess in these new markets today corrections only last hours and bull markets last years, years, years and years!!!!!
Lets not forget that gene peroni is SENIOR VICE PRESIDENT AT ADVISORS ASSET MANAGEMENT
If stocks don't go up how does he make money, of course he has to stay bullish, dont all these VPs at asset management companies have to in order to get people to come to them to invest their money!
Stocks haven't hit bottom yet: Experts
Jacob Pramuk | @jacobpramuk
1 Hour Ago
Recently erratic markets reflect a healthy dip from overvalued peaks rather than fundamental weakness, experts said Wednesday.
"I think there is probably a bit more to go but we've seen the worst of it," said Gene Peroni, senior vice president at Advisors Asset Management, in a CNBC "Power Lunch" interview.
Read MoreIs it time to dump global stocks? Or buy?
Major U.S. averages rose more than 1 percent Wednesday, as the S&P 500 teetered on the brink of correction territory on an intraday basis, or 10 percent lower than its most recent highs. The index has shed about 8 percent in the last month.
Getty Images
Traders work on the floor of the New York Stock Exchange.
Before the fall recently, stock growth was "far outstripping value," Peroni said. But he contended the market is now oversold, and any notable catalyst could send stocks through their previous highs reached earlier this year.
Jeffrey Saut, chief investment strategist at Raymond James, also felt markets may have more room to fall before hitting a bottom.
"I think we're in a bottoming process, but I don't think it's complete," he said Wednesday on "Power Lunch."
He added that the correction had bubbled under the surface for "some time" before the dramatic swings last week.
love your posts S2!
Awesome Jimmie... thanks for the complement. ...appreciate it....
Some people love others hate ....ill just keep doing what I do..
Sell off what sell off. Watch the magic futures tonight, everyone know the magic futures rise 90% of the time overnight. That's a fact check it out.
How about that squirt up in the last five minutes, just the opposite of yesterday. Here is what the jobs report will be...180,000 jobs created, not quite enough for the fed to raise, they want 200,000. Trust me they will massage the numbers so the fed has an out.
Before the 8/20-8/24 fun and games, did anyone think the market was actually pricing in a Sept or even Dec rate hike? I don't.
So even if the Fed says "we don't know what the fuck we're doing - therefore we'll wait and see" I don't necessarily think the overall market will race to ATH as a result.
So even if the Fed says "we don't know what the fuck we're doing - therefore we'll wait and see" I don't necessarily think the overall market will race to ATH as a result.
i think a rate hike has been fully discounted now...there might be a sell off if they DON'T hike in Sept.