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
ISM number in 20 mins will be moving the market as well.

A drop below 50 on the ISM and the SPX will close below 1135 today.

A number above 51 and the SPX could break out above 1150.
 
Quote from S2007S:

ISM number in 20 mins will be moving the market as well.

A drop below 50 on the ISM and the SPX will close below 1135 today.

A number above 51 and the SPX could break out above 1150.
More...

The consensus estimate was 52.1, so that's what people are likely to key in on. 50 is supposed to be the dividing line between expansion/contraction, but doesn't mean too much unless the estimate is really close to 50.

In reality, this number should be well above 55 if things were as rosy as some would have us believe. Readings above 60 were common even when things were starting to fall apart in 2007.
 
How many are still cheering on a cheaper dollar?


Nothing like a worthless dollar and more currency wars!!!


Commodities are going to go through the damn roof, oil is already above $82 as gold continues to make new highs as well. Anyone cheering a cheaper dollar is a fool.
 
Quote from Tsing Tao:

pierced 1050 resistance.
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But shades of 2007 all over again. That year stocks peaked in Oct. after looking very toppy. However, the Fed's action continued to kill the dollar and boost commodities for another 6 months.

Oil in the 80s doesn't bode well for stocks...
 
Just remember this is what the us currency has become!!!!!!!

Completely worthless.


monopoly-money-748981.jpg
 
Quote from MKTrader:

But shades of 2007 all over again. That year stocks peaked in Oct. after looking very toppy. However, the Fed's action continued to kill the dollar and boost commodities for another 6 months.

Oil in the 80s doesn't bode well for stocks...
More...



As long as Bubble ben bernanke keeps thinking a worthless dollar is going to save this economy commodities are going to continue to surge, $80+ oil is just another obstacle for the consumer, anything higher and its going to really start to take its toll on the overall economy. You cannot have surging commodity prices and an economy trying to recover at the same time.


KEY COMMODITIES
OIL
82.20 +0.73 +0.90%
GOLD
1331.20 +15.80 +1.20%
 
*OIL
82.62 +1.14 +1.41%
*GOLD
1337.20 +21.80 +1.66%



:p :p :p :p :p


This is an unhealthy market,

dollar collapsing commodities and equities rallying like its 2007 all over again.
 
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