Wow. Just... wow.
Soon we will see the talking heads say since SPWR is worth 1000 times earnings, the S&P is worth 100 p/e. Also with interest rates under 1%, why not 100? My god whoever is running these stocks up has made billions. Anything with a low float is up 100-500%.
I don't care about that. I'm looking at year 2013 gains, which are a paltry 16%. We should end the year up nearly 100%, and even more if the recession is even worse than presently believed.
Nope, no equities bubble at all.
2000 won't take as long as people think. Figure we average 5 point gain per day, that's only about 3 months away now.
None of that matters a lick. Did you know the S&P will not have even a 5% drop in the next 100 years?
Heck, I expect us to be up 995 of the next 1000 days and those 5 days will be down so little you can't even measure it.
We are only up 16% this year on the S&P. Japan is up 80% in a short time. US is the better place to be because we have even more of a maniac running the Fed than they do with theirs.
Believe it or not, we go over 2000 this year. It's so easy to get big gains when losses are impossible, dribs and drab gains and up.
Can you imagine 20 years ago if you told retirees they could expect ZERO percent on their fixed income investments? Is there a single person out there who can't see how sick and wrong this is? They're trying to tell us the economy is better now, right? So if it's so healthy why don't they quit crushing savers? Could it be because even a 1% rise in interest rates would crash this debt laden nation into the worst depression since the 1930s?
Honestly, does any bear really think the market could ever drop to even 1625 from here? The lowest possible would be 1640 IMO. So you're looking at maybe a 1% gain, and missing the run to 10,000 or higher in the nxt few years. Who would do this, and why? If you hate your money so much just give it to charity.
However if he admits that, there will be mass redemptions and his stupid fund will crash out of existence, so he has to continue to lie. He knows deep down he will never, ever come close to narrowing the performance gap from missing a 160% rally. Does this guy have any sense of ethics at all?
Sounds about right. I think 2400 at 2014 end, 3100 2015, 4500 2016, 2020 I say we go for 15,000 on S&P and 150K on Dow.
My guess would be there could be a little resistance at 2000. Nobody will believe the S&P has tripled in under 5 years, and will pause, before tripling again by 2016.
Let us know when you short VXX that will be the time to go long.
I expect the S&P to hit 10,000 in 4 years and then we will be routinely going up 200 or 300 points per day.
Wow they closed it over 1650. Well done. Now the next line is 1700. Only 3% higher.