I'm calling it - The Top Is In
- Thread starter swtrader
- Start date
Of course, the question is if there are more of those folks than there are of the brainwashed sheep who said "see honey, Cramer told us it would come back, and it did. Everything's fine now!" Who knows?
Ultimately we're in no man's land here. We could just as easily be near the top here as we could see a blowoff bubble move of 200 points up on the S&P over the next few months. Personally, I'm sitting tight until all the indicators point one way, and right now there are too many conflicting ones. I'd rather wait until there's money lying in the corner and all I have to do is go pick it up...
No need to worry about a top, this guy says stocks will rally until 2010, so that means just keep buying the small pullbacks of 0.25%.
Stocks Rally Until 2010 ââ¬â Then a 'Very Playable' Pullback: Strategist
Published: Monday, 12 Oct 2009 | 12:34 PM ET
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By: Krystina Gustafson
Special to CNBC.com
This is the week the market will make its big push, as positive earnings surprises will send it higher and carry it through the rest of the year, said Marc Pado, US markets strategist at Cantor Fitzgerald.
"As these companies get an incremental amount of more production, it's going to be more profit, and that's what stocks trade off of," Pado said. "[It's] not about the economy, not about employment ââ¬â in the long run those are important, but right now it's about profits."
Pado said the market will experience a "very playable" pullback early next year from people buying on rumor and selling on news. Still, it won't drop back down to its March lows, he said.
"That was a false low that was put in," he said. "That was panic."
Stocks Rally Until 2010 ââ¬â Then a 'Very Playable' Pullback: Strategist
Published: Monday, 12 Oct 2009 | 12:34 PM ET
Text Size
By: Krystina Gustafson
Special to CNBC.com
This is the week the market will make its big push, as positive earnings surprises will send it higher and carry it through the rest of the year, said Marc Pado, US markets strategist at Cantor Fitzgerald.
"As these companies get an incremental amount of more production, it's going to be more profit, and that's what stocks trade off of," Pado said. "[It's] not about the economy, not about employment ââ¬â in the long run those are important, but right now it's about profits."
Pado said the market will experience a "very playable" pullback early next year from people buying on rumor and selling on news. Still, it won't drop back down to its March lows, he said.
"That was a false low that was put in," he said. "That was panic."
Make sure you edit your post to avoid the risk that the winner asks to ban you!
Trade's not busted until 1080 gets taken out. That high was significant for a few other reasons.