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SPDR S&P 500 ETF Message Board

  • stoptheinsanity2000 stoptheinsanity2000 May 8, 2013 9:07 PM Flag

    Birinyi Says "this year's bull market most resembles the patterns etched in 1982 and 1990"

    If this becomes true, this latest run up is just the start of a multi-year breakout which will take the averages to Unfathomable heights...numbers like DOW 50,000 and S&P500 at 5000 on the first leg and then beyond.

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    • History repeats. I remember march 2000 just like yesterday. Market roaring , cramer yelling "buy buy buy", everyone said it was different, dow 36000, etc... then on March 10 , 2000 it all came crashing down.just saying

      • 1 Reply to asloppakiss
      • Actually the DOW had already topped the previous December of 1999, the NASDAQ topped in March 2000. There are big differences now versus then, The FED rate hit 6% back then, now it's virtually zero. Back then you had a very hot economy, 5% GDP, now you don't. and most importantly, when you adjust for a the inflation caused by QE infinitum, the averages are nowhere near all time highs. So the bottom line is, it looks like this is the beginning of a breakout which will take the averages a discernible distance past the old highs. Figure at least 10% in the short term, so that would put the S&P 500 over 1700 within months.

213.17-0.57(-0.27%)8:00 PMEDT