Gun to the head. The markets are going to do eactly what the SSEC or Chinese stock market did in august sometime very soon.
Quote from JamesVU2000:
Gun to the head. The markets are going to do eactly what the SSEC or Chinese stock market did in august sometime very soon.

Quote from jjj1000:
Yes, two things here:
1) Immense amounts of stimulus money from the government - that is what pushed this recovery. the economy is much better today, but eventually the stimulus has to be cut, and then the economy will weaken for sure
2) Very high, stubborn unemployment - and the consequent much lower consumer spending, and more (many more) foreclosures
These 2 factors will make our SPX to have a fair value of about 850. All the rest is just euphoria. It will melt down for sure and get back to "reality" levels (the spx, that is).