Will the S&P go to 1000 or 1200 ?
- Thread starter fly down
- Start date
yes, but 3 major indexes are not in sync so it is probably weighted less. ndx blew right through the double top.
Good point, I was looking at the ndx.
Why Markets Will Continue Rallying: Strategists
Published: Thursday, 28 Oct 2010 | 12:00 PM ET
Text Size
By: JeeYeon Park
CNBC News Associate
Next week's mid-term elections, coupled with the Federal Reserveâs expected announcement on quantitative easing (QE)âbuying bonds to increase the money supplyâare likely to have a major impact on your investment strategy.
How should you be prepared? Gordon Charlop, managing director at Rosenblatt Securities and CNBC markets analyst and Terence Dolan, CEO of Benjamin & Jerold Brokerage discussed their insights.
âThe point of QE is more psychological,â Dolan told CNBC. â[The Fed is] talking about a stronger dollar, but we really need a weaker dollar to make our goods more comparable overseas so itâs a mixed bag on how effective the Fed is going to be.â
However, Dolan said the markets are coming out from a transition phase and are formulating a basis to move upward.
âRight now, Iâd be looking at some of the technology firms, biotechs and some stocks that are decent on the dividend side as well, just for defensive purposes,â he suggested.
In the meantime, Charlop told investors to watch out for major economic news coming up including Fridayâs GDP report, next weekâs ISM data, elections, Fedâs announcement, and government payroll numbers.
âTo me, all these things will be a springboard to a market that will continue to rise to the end of the year,â he said.
Published: Thursday, 28 Oct 2010 | 12:00 PM ET
Text Size
By: JeeYeon Park
CNBC News Associate
Next week's mid-term elections, coupled with the Federal Reserveâs expected announcement on quantitative easing (QE)âbuying bonds to increase the money supplyâare likely to have a major impact on your investment strategy.
How should you be prepared? Gordon Charlop, managing director at Rosenblatt Securities and CNBC markets analyst and Terence Dolan, CEO of Benjamin & Jerold Brokerage discussed their insights.
âThe point of QE is more psychological,â Dolan told CNBC. â[The Fed is] talking about a stronger dollar, but we really need a weaker dollar to make our goods more comparable overseas so itâs a mixed bag on how effective the Fed is going to be.â
However, Dolan said the markets are coming out from a transition phase and are formulating a basis to move upward.
âRight now, Iâd be looking at some of the technology firms, biotechs and some stocks that are decent on the dividend side as well, just for defensive purposes,â he suggested.
In the meantime, Charlop told investors to watch out for major economic news coming up including Fridayâs GDP report, next weekâs ISM data, elections, Fedâs announcement, and government payroll numbers.
âTo me, all these things will be a springboard to a market that will continue to rise to the end of the year,â he said.