Will the S&P go to 1000 or 1200 ?

[Tsing Tao]

Quote from MKTrader:

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

not during the commodity run up, which was my point.

 

[shortie]

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**** 1200 printed ****

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[S2007S]

Each 50 SPX points = $5.00 increase in oil



1200 SPX = $85+ for oil
1250 SPX = $90 oil
1300 SPX = 95 oil
1350 SPX = $100 oil

and so on. Nothing like HIGHER energy prices while over 17 million people are unemployed. Im just waiting for them to extend unemployment benefits again, I mean how else are 99ers going to afford to stay warm this winter and put gas in their car.


OIL
85.06 1.16 +1.38%

OIL
85.06 1.16 +1.38%

OIL
85.06 1.16 +1.38%

OIL
85.06 1.16 +1.38%

 

[EliteThink]

yes, oil going up kills any growth we are experiencing. Remember when $80 oil was high?

 

[Petsamo]

Quote from EliteThink:

yes, oil going up kills any growth we are experiencing. Remember when $80 oil was high?

The high was 147.11

 

[EliteThink]

Quote from Petsamo:

The high was 147.11

right, but do you remember when we considered $80 to be high?! Look how far we've been skewed is my point.

thanks.

 

[Tsing Tao]

Quote from fly down:

Not over just yet.

benny just came out and said qe2 was about raising equity prices (check the op ed in the wp). i wouldnt go against him.

 

[Humpy]

The question is - can Birdbrain create money faster than Soros and company can pull it out ?

 

[failed_trad3r]

Quote from fly down:

If that's the best you can argue, i'm sure its 1000 first.

I guess I was right...

All those permabears got crushed.

 

[MKTrader]

Quote from EliteThink:

yes, oil going up kills any growth we are experiencing. Remember when $80 oil was high?

All rallies have failed after oil moved past the mid $80s. Look at January and April of this year. Or Oct. 2007, when oil hit $80s for the first time while the S&P 500 hit its all-time high. Oil kept rallying for 6 months but the stock rally died.

It could move somewhat higher this time, but gas prices will catch up soon and it will hit businesses and consumers in the pocket..and stocks will have to face the reality.

The only way for this not to be true is a Zimbabwe type situation, but that's even worse.

The funny thing is that neither the S&P 500 or oil have broken their April highs yet...but people are talking like we're at all-time highs. Remember, it only took a few months to send the S&P from 1220 down to just over a 1000.