The S&P 500 will top next at

Where do you think S&P will top at next?

  • Total voters
    25
Muffhands said:
This tard has been using his crystal ball to call tops for the past month
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Not true. This is his third thread on the topic and he's been calling tops since February. I do not think the OP is a tard as you say - likewise, he's been incorrect and stopped out to date with his other threads.

The market certainly feels overextended, but institutions are chasing yield and even at these elevated valuations they assess the equities to be superior to fixed income products and likely most commodity alternatives. If you have trillions of dollars, you have to put it somewhere. Warren Buffet won't sit on $100B in cash for very long. Large cap U.S. based multinationals have mountains of cash stranded offshore. It's all about yield, pure and simple. Quite honestly, you can get your ass smoked sitting with sovereign debt and corporate paper - that's a false sense of security.

Any rational person can see that the long lived stock market rally continues to exhibit very shallow corrections before grinding higher - a feature which makes calling tops a risky proposition even with the relatively modest profit targets the OP has endeavored to collect.
 
It sure does seem to like 2475...would not have expected to hit the pause button here. I think the last two days were just bating the bear traps...I'd expect the bulls to come out firing late this week or early next.
 
beerntrading said:
It sure does seem to like 2475...would not have expected to hit the pause button here. I think the last two days were just bating the bear traps...I'd expect the bulls to come out firing late this week or early next.
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2473.75 is 50% retrace and the long gap fill trade has been filled
 
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