Dec 2019
The S&P 500 will top soon at 2925-2930
- Thread starter volente_00
- Start date
Looking for Dow 28000 by next week....earnings from big banks next week will give the markets another free boost. Dow should easily gain 1000+ points ...will be the quickest ever in history to go from one round number to another. 30,000 by August and 34000 by Sept. Should be 40,000 give or take by Halloween and 50,000 by Christmas. The fed will give all the rate cuts wallstreet wants ..he will even throw in more quantitative easing for that extra cherry on top. Keep buying. No such thing as down. Thank Powell for his beautiful testimony and giving wallstreet what it always wants. Because the fed always bows to wallstreet!!!
Zero risk all reward all the time!!!
Zero risk all reward all the time!!!
Maybe you shouldn't be bearish all the time. This could be irrational exuberance of 1996 but that still means 4 more years of rally.
He's even hoping for that special end of the month rate cut. Only way to keep the rally going is for the fed to keep giving wallstreet what it wants and as you can see it never ever disappoints.
And he says another 10-12% rally before we sell off. This is spectacular. Unbelievable amounts of free money for everyone. I still don't know why everyone has a job when we can quit and just make unimaginable amounts of free money from just buying stocks. Wow....
Jeremy Siegel: Stocks could add another 5% onto record rally by year-end thanks to the Fed
PUBLISHED AN HOUR AGO
KEY POINTS
And he says another 10-12% rally before we sell off. This is spectacular. Unbelievable amounts of free money for everyone. I still don't know why everyone has a job when we can quit and just make unimaginable amounts of free money from just buying stocks. Wow....
Jeremy Siegel: Stocks could add another 5% onto record rally by year-end thanks to the Fed
PUBLISHED AN HOUR AGO
KEY POINTS
- The longtime market bull says, “We may go up 10% or 12% before we sell off,” Siegel added, noting the Fed tends to overshoot when adjusting rates.
- Siegel hopes the Fed cuts rates by a half percentage point at its upcoming July 30-31 meeting, though he acknowledges that such a bold move would be unlikely.
What I just don't get are traders like Volente. Sure, I understand swing trades. Volente put on a 30 point stop upon entering short earlier this week. The market rallied to fresh all-time highs and pulled back. OK, all is reasonable, down a few, up a few.... and proceeded to take out that high! The market spoke regarding a short position!!! It seems these traders are just more interested in being right. Or maybe they have outrageous round-trip costs, LOL! Of course, in a a different thread, this whole runup since whenever it started, is referred to as a rally in a bear market!! I shit you not.
So here it is the weekend, Vol's position will (likely) be held with a 500 smackers give or take drawdown (per ES contract held), with the market making fresh intraday for sure, and possible closing all-time highs. Hey, it's only about halfway to his 30point stop! I guess the hope is the world will wake up on Monday morning in a panic, dripping with sweat.
So here it is the weekend, Vol's position will (likely) be held with a 500 smackers give or take drawdown (per ES contract held), with the market making fresh intraday for sure, and possible closing all-time highs. Hey, it's only about halfway to his 30point stop! I guess the hope is the world will wake up on Monday morning in a panic, dripping with sweat.
Not forever, but look at the rate cuts in 1995...they worked and created a new bubble. So if we cut in July 2019, that is where we are.
February 1, 1995 6.00
July 6, 1995 5.75
December 19, 1995 5.50
January 31, 1996 5.25
March 25, 1997 5.50
September 29, 1998 5.25
October 15, 1998 5.00
November 17, 1998 4.75
June 30, 1999 5.00
August 24, 1999 5.25
November 16, 1999 5.50
February 2, 2000 5.75
March 21, 2000 6.00