People may ignore oil and stocks rallying together for the next few days, but oil can't go up much more without hurting stocks. You better choose--oil going to $90-100 range or oil falling while stocks keep rallying (very unlikely)? You can't have it both ways. Oil at multi-month highs is never good for stocks.
Will the S&P go to 1000 or 1200 ?
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People may ignore oil and stocks rallying together for the next few days, but oil can't go up much more without hurting stocks. You better choose--oil going to $90-100 range or oil falling while stocks keep rallying (very unlikely)? You can't have it both ways. Oil at multi-month highs is never good for stocks.
To a point, but $4.00/gallon gas hurts businesses and consumers too much. It will show up in Consumer Sentiment and other measures, even if it's masked away in "core" inflation.
That's what happened in early 2008. Stocks peaked in Oct. 07 while oil was in the low 80s, and all the following massive rate cuts, etc. only boosted commodities and killed the Dollar. Stocks went on the decline.
And the upside just continues and continues and continues!
I forgot what a down day feels like, do they even exist in this fantasy stock market land were in???
Tomorrow is huge, Elections are in and QE2 will announced, could cause the market to rally over 3% which I think is going to happen tomorrow. If everything is perfect between the elections and the fed meeting this market is going to soar to infinity tomorrow afternoon. Were talking every 99% of all stocks in all indexes closing in the green, were talking commodities surging and the dollar collapsing, its going to be huge tomorrow, all bulls will rejoice tomorrow when the DOW is above 11500+ and the SPX above 1225!!!!!
S&P FUT
1196.1 3.4 +0.29%
DOW FUT
11180.0 28.0 +0.25%
NAS FUT
2156.0 5.75 +0.27%
OIL
84.47 0.57 +0.68%
I forgot what a down day feels like, do they even exist in this fantasy stock market land were in???
Tomorrow is huge, Elections are in and QE2 will announced, could cause the market to rally over 3% which I think is going to happen tomorrow. If everything is perfect between the elections and the fed meeting this market is going to soar to infinity tomorrow afternoon. Were talking every 99% of all stocks in all indexes closing in the green, were talking commodities surging and the dollar collapsing, its going to be huge tomorrow, all bulls will rejoice tomorrow when the DOW is above 11500+ and the SPX above 1225!!!!!
S&P FUT
1196.1 3.4 +0.29%
DOW FUT
11180.0 28.0 +0.25%
NAS FUT
2156.0 5.75 +0.27%
OIL
84.47 0.57 +0.68%
1200 is coming tomorrow, SPX finished at the highs of the day and tonight they will rally the futures to the point where the SPX opens up nicely above 1200, again their is absolutely nothing stopping this rally as bubble ben bernanke will do anything to make it look like the economy is growing.
Nasdaq continues to rally without ever slowing down.
The nasdaq is up 10 out of 11 days!!!!
Nasdaq continues to rally without ever slowing down.
The nasdaq is up 10 out of 11 days!!!!
I wouldn't bet against 1200, but the last two days have been very anti-climactic. We were supposed to at least break the April highs by now, remember? Soon, we could go into a phase where good econ data = bad news (less chance of more QE) while bad data = bad news, too. That's happened before. There's very little to rally on at this point.
Actually, they did about $1 trillion in QE from Sep. to Dec. of 2008. A lot of good it did, though.
http://finance.yahoo.com/expert/article/futureinvest/280327