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SPDR S&P 500 ETF Message Board

  • watchthedownside watchthedownside Dec 31, 2012 9:52 PM Flag

    Sell the news

    The fiscal cliff was absolutely never discounted into the S&P 500.....normalized earnings for the index for 2013 are $96.30, which puts S&P500 at just under 15x looking forward into next year......too much optimism and closet optimism out there......definitely don't want to fight the Fed, but the Fed is only keeping the market from collapsing to 1100 to 1200 where it belongs......check out long-term relationship between S&P 500 and U.S. mergers and acquisitions dollar volume (and then look at corporate management's lower view of M&A activity into 2013) if you have any questions as to the accuracy of my comments.

 
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