1450 April, 1390 May, 1300 June. Then we can reevaluate. Lots of folks that are back to even after 5 years are selling and happy to be back. good point by someone earlier Fed Spent over a trillion in QE just to get 0.4% GDP growth in Q4. Not a good risk/reward. So who will buy houses cars and furniture if the 20-30 year old millenniums are all moving back in with parents and have student loan debt of over $50,000! and no job! Dent makes a good point that we need to fear Deflation since aggregate demand is falling off a cliff. And the China real estate bubble is a whole different story. US Housing prices have further to fall. and new construction can't compete with existing homes since material costs have rocketed recently. Too bad for the homebuilders.
so folks that say 1700 are credible when sales and earnings are decelerating big time across the board? Isn't that what is supposed to drive stock prices? and GDP Q4 was 0.4%. So CAT, FDX and ORCL misses and outlooks mean nothing? What about Dent's Dow 6000 call for 2014? and 3300 a couple years after. maybe he thinks it will split 3 for 1 like a stock? then he will be correct.