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
I heard on the news that today's rally is due to German confidence and improving conditions in Britain. If you can't find good news here, find it overseas!
stupide.gif
 
Quote from Petsamo:

I heard on the news that today's rally is due to German confidence and improving conditions in Britain. If you can't find good news here, find it overseas!
stupide.gif
More...


why does the market need good news to go up? that's idiotic.
 
Market flat the entire day, think within the hour they buy it up and simply close the spx above 1150, same old move as usual.
 
I know this thread is about the S&P 500, but I some beautiful downside in small-craps soon. The Russell 2000 over the last month or so reminds me of housing in 2005-2006--parabolic technically and extraordinarily overvalued fundamentally.
 
This may explain the "run up" to 1,200 before the plunge back to 1,000 or lower:

From Investopedia.com, definition of "window dressing"

"What Does Window Dressing Mean?

A strategy used by mutual fund and portfolio managers near the year or quarter end to improve the appearance of the portfolio/fund performance before presenting it to clients or shareholders. To window dress, the fund manager will sell stocks with large losses and purchase high flying stocks near the end of the quarter. These securities are then reported as part of the fund's holdings."

Certainly looks like it so far this week, with today being the last day of the quarter.
 
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