Weekly Poll: Bounce Soon?

SPY Next Week?

  • Bullish

    Votes: 22 36.7%
  • Flat

    Votes: 7 11.7%
  • Bearish

    Votes: 28 46.7%
  • I prefer to keep my opinion to myself

    Votes: 3 5.0%

  • Total voters
    60
  • Poll closed .
Looking for a short term bounce but I'm betting a 100% chance of the Dow dropping back below 10,000 once again. There is plenty of downside left.
 
Godda luv deez mullteepole beer fleggs...

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Kass: The Scale Tips to the Bullish Side
"....For some time I have suggested that the economic recovery would be uneven and inconsistent. At times it will appear that the economy is headed back into recession; at other times it will appear that the economy is reaccelerating its growth rate.

I see nothing to alter this view.

As I have written, I expect the S&P 500 to trade between 1020 and 1150 (roughly between 11x and 13x 2011 S&P EPS forecasts) -- "home, home on the range" in a Roy Rogers Market.

While we can never have such precision, my forecast taken literally (at the current 1075 level) indicates that there is approximately 55 S&P points of risk and about 75 S&P points of upside. In other words, the scale has now tipped back to the bullish side...."
http://www.thestreet.com/story/10842211/1/kass-the-scale-tips-to-the-bullish-side.html
 
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