Beginning to think this moves up one more time to maybe 160 area, and there will be a new president in White House before we return to these levels. That is not a political statement, but a time frame opinion.
okay, I'm gonna get mauled here but here goes. No, "bull" won't die just yet. We will get the pullback and it will be enough to throw a scare into people, I have no doubt, but this POS sure seems intent on going at least a little parabolic here into the 16's and change at least. That's how the most people get hurt - No one wants to buy here....gotta pull it back and tease them a little, make them think how smart they are - then when it starts to fall again, they ain't so worried because "it always comes back".
Long term: Absolutely we're phocked without a doubt but I'm thinking 2014-15. You know, once they replace Bernanke with someone like #$%$ Fuld!