Simple poll, interested in the community's opinion.
Thanks in advance for your thoughts.
Thanks in advance for your thoughts.
Will the S&P500 make new highs in 2019?
- Thread starter King Sisyphus
- Start date
Robert Morse
Sponsor
As a first post, maybe you can share your expectations from the “Underworld.”
No new highs until SPX touches 2650
Market is currently "possibly bearish". Too soon to tell if "the worm has turned" or if just in a correction to the upthrust from the Dec low.
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the Jan to Mar rise basically caught too many people by surprise.. shorts and flats, kicking themselves for missing the rally... so my pro boys still have great chip control... but they do want to take some profit... from now thru June is the perfect time to do it... the trade war thing will hang around for a while...and there is really no real driver to push shares higher... this is basically how the earning cycles work, we all know that the FAAMG earnings will be block busters in July, but people's attention span is so short that it it makes sense to shake it thru June... so just act accordingly... these are good prices.
long term -
https://www.yardeni.com/pub/valuationfed.pdf
fair value is at 7400... I'd be a little conservative... call it 5000 lol... no brainer all-in.
long term -
https://www.yardeni.com/pub/valuationfed.pdf
fair value is at 7400... I'd be a little conservative... call it 5000 lol... no brainer all-in.
My expectation is that the response to this poll will better inform my expectations.
I haven't visited ET in many years. Let's see if the community still has the power of foresight.