$119 today, and by Christmas I'll bet $140, and that's conservative.
The Fed policy and political climate seem to be helping stocks -- and bonds. Nobody in the government wants to risk reelection by crashing the financial markets.
World class investor John Templeton observed: "Stock markets are born in despair, grow in fear, mature in optimism and crash in euphoria."
We are definitely in the fear stage right now worrying that Obama or the Republican Congress will sink the ship.