Will the S&P go to 1000 or 1200 ?

will the S&P hit 1000 or 1200 first?

  • 1000

    Votes: 60 39.0%

  • 1200

    Votes: 80 51.9%

  • I cannot give an answer at this time

    Votes: 14 9.1%
  • Total voters
    154
Quote from S2007S:

According to geithner the economic crisis has past. I think he would even predict SPX to 1200+ before 1000 with this kind of opinion.
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Um I don;t think a treasury secretary would ever say the market is going down.
 
Quote from Tsing Tao:

back up we go
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Even before the Housing Data is released. Could easily disappoint or be "buy the rumor, sell the news."

Could be a good day for a smart fader who can carefully play against Pomo and irrational exuberance. After the reversal on Tuesday's Fed news, I think there may be a sea change...but plenty of bulls left to drive things up temporarily. I'll even join them for a bit, but only at the right price levels.
 
Quote from MKTrader:

Even before the Housing Data is released. Could easily disappoint or be "buy the rumor, sell the news."

Could be a good day for a smart fader who can carefully play against Pomo and irrational exuberance. After the reversal on Tuesday's Fed news, I think there may be a sea change...but plenty of bulls left to drive things up temporarily. I'll even join them for a bit, but only at the right price levels.
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...that's the part that drives the market higher and higher. You're not going to get whatever that price level is.
 
Quote from trefoil:

...that's the part that drives the market higher and higher. You're not going to get whatever that price level is.
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It was 1150 on Tuesday. Very important resistance level. Such levels always will and do exist.
 
Quote from MKTrader:

Even before the Housing Data is released. Could easily disappoint or be "buy the rumor, sell the news."

Could be a good day for a smart fader who can carefully play against Pomo and irrational exuberance. After the reversal on Tuesday's Fed news, I think there may be a sea change...but plenty of bulls left to drive things up temporarily. I'll even join them for a bit, but only at the right price levels.
More...

housing data missing the mark is irrelevant. if it misses the mark, then the market thinks QE2 is more likely and ramps.

oops...too late it just did!
 
Quote from Tsing Tao:

housing data missing the mark is irrelevant. if it misses the mark, then the market thinks QE2 is more likely and ramps.

oops...too late it just did!
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I'm not sure sure. This reminds of the Fall of 2007. The Fed's aggressive rate cuts initally made everything go up--stocks, gold, oil, every currency vs. Dollar, etc. However, the effect on stocks was short-lived after an initial bubble, though the rest continued to climb until everything collapsed.

The smart money knows QE is good for gold/treasuries, terrible for the Dollar, and bad for stocks in the long run...unless we've turned into Zimbabwe (Heaven help us)!
 
it'll depend on the communist central command orders from the US gov't

the US fed owns the market now. Fed is goldman sachs most profitable client. fed wires money to goldman sachs everyday.

small traders hedge funds are like birds in a hurricane..just don't be on the wrong side of the wind.

Quote from fly down:

the S&P closed today @ 1104.18

To me, it appears the rally is overextended and on weak legs. I think there could be downside to 1000 as the september-october season arrives coupled with other factors favoring downside. What do you think?
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I also show up when the market moves against me.

I covered 35% of my call position @ $1.75 approx for a loss. Yes it happens

the s&p hitting 1200 before 1000 is now a 4 to 1 favorite. I'll take the 4 to 1 and say that it hits 1000 before 1200
 
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