Markets need to correct

14k is unlikely. The market is already expecting the Fed to keep interest rate as is. Most likely it will be so, and the market may rally a little, but not up to 14k. Perhaps, later but not near-term.
 
r u kidding me april SPX close was 3rd highest ever. 1517 is the all time month high close - just 7 points from today's high. 1527 is all time weekly close high. these levels can easily break this month with the proper amount of spin and propaganda. and if that happens we will zoom to SPX 1600 and dow 14k+ buy the end of the summer.
 
Quote from bvam1:

14k is unlikely. The market is already expecting the Fed to keep interest rate as is. Most likely it will be so, and the market may rally a little, but not up to 14k. Perhaps, later but not near-term.
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Not surprising for bulls to get carried away...I reckon next week a little bit of sobriety will return. As is always the case when a big number is taken out (13k)...much hullaballoo, holds a while then fades (not to say it won't have another run up)...look at the $/£ ...it waited somethjing like 13 years to breack $2=£1 ...held for about a week & is now back under.

Let's recap though 10% in a month....FFS this is a mature indice not an emerging market!
 
Quote from bvam1:
No sense for market to make new highs.
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a few things make this hard to predict

one old metric used to be that you could double your money every 7 years

in the case of the dow and s & p, it's just getting back to where it was, after being cut in half 7 years ago, following a bubble

also, the dollar has been roughly cut in half in the last 7 years, so adjusted for inflation, dow ir s & p at these levels buys less than it did 7 years ago, so it's true 'value' is still much less

as a crosscurrent, we have had a steepening near parabolic rise without any pullback

so it's really uncharted territory, anything can happen.
 
Quote from chewbacca:

even though the dow30 is parabolic up - its a daily grind up every single day. 50 point range on the YM today - how the fuck you you day trade a .4% intraday range? and yesterday was even worse.
its all up to bernacke now - he can put an end to this endless liquidity driven speculation by threatening to raise rates on wednesday - barring that we'll be at 14,000 in a heartbeat.
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The fucking pussy wont say a damm word, fucking pussy.

Growth is expected to moderate, we are watcjing everything closley.

ZOOM GOES THE MARKET
 
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