S&P to Hit 1050 by Fall: Strategist Sees a Rally in Market "Rorschach Test"

Don't trust any words from chart masters. They make money by selling no-one-can-understand stock charts, not by stock investment.

It is all a bunch of BS. Hide your money under the matress!!!

He seems to be a permabull going by his blog. http://vinnycatalano.blogspot.com/ Likewise for a lot of the people who are very bearish over the last two months. If they posted articles or blogs back then, a lot of them were bearish in 2003 and 2004 after the market had already bottomed.

Kudos to the poster saying DEPRESSION. This is a full blown DEPRESSION. Is ANYONE getting banks to loan to them?

I was wondering, with so many people without jobs, how is this good for the market to go up. As soon as the weekly unemployment paychecks stop, we are going to see some real hurt here. Where are the replacement jobs going to come from? The answer to that will make a market rise, all other number manipulations will fail.

So far only 50 million has gone into the new energy grid. The government has spend more millions on pomp on selecting the new Surpreme Court Judge than they will have so far invested in Green jobs. GM billions wasted, the banks billions wasted on a few. But only fourty or fifty million so far pledged by the government for green energy jobs. What a farse. I see a new Bush.

Is the S&P an Asian stock market now? NASTYDAQ is. All the INTC hype. It is still making money because it is so off-shored and out-sourced, it employs very few Americans. Its earnings beat low-ball estimates because the Dollar was stronger than expected.

Real Deal - Tuesday July 14, 2009 05:25PM EDT First woo hoo! ============================================== First what? And why would it matter?

MegaBull and MegaBear. I love it. Keep the names coming, Aaron.

The issue ultimately will be profits today combined with profit expectations for the future. Will the PE ratios be high, fair, or low? Given what has happened in the economy worldwide I would expect that PE ratios will be fair to low unless the economy here and elsewhere starts to show a real sustainable turnaround with multiple identifiable drivers. I expect the profit picture to ultimately stagnate once things settle out over the next couple of quarters due to fewer gains attributable to massive expense cutting and inventory declines. Doubt we are long term going up--more likely sideways that suggests to me stocks are a bad bet.

Hey Einstein (subysti_389)...posts that show up as Yahoo! Finance User are people who choose not to reveal their real screen name, not the same person over and over like you think. Click the dropdown next time you post and you'll see.

Look people, it's a simple concept.... Look for the "Made in USA" label now or you'll be the one looking for a job later! If we buy American products, American companies will employee Americans. Do your part and take 2 seconds to look for the "Made in USA" label, that's all it takes. Make this post viral, pass it on and post it everywhere you can.

Are we missing something here? the guy gave his opinion. His analysis of the charts is that the market can still go up for a while. So after a while if the scenario changes he can change his opinion. markets, economies people all fluctuate. Cosistency is the hobgoblin of small minds. If you don't like other peoples opinions just because they are different from yours - or if you don't like other people and their opinions period then move on don't read them give the rest of us a break. I think this guy might be wrong but so what - he may have a point to consider. Learn to talk to people.

I agree that the bear market rally can lift SP500 to ~1050-1100... but then the rally will reverse by year-end... next move should test March lows... and probably form new lows... if SP500 loses March lows, little support until 1990s levels (400-500 in 2010-2011)

Is that a positive, or negatif? Soon we might be looking for the Highs of March? What is the % of growth today to that of Jan 09? Compared to the "High" of Mar, we are at about a 100% gain, but the Market is still 40% of Sep o8? When does the Fun start?

"most of you are probably unemployed and collecting unemployment and have nothing to do but be negative..." And what, pray tell, is your take on things from mommy's basement? Some of us actually DO trade for a living, and we have more than a passing interest in what happens. It may seem absurd to believe in a 1050 S&P by September, but guess what - that can happen and THEN it can all come unglued... I suspect it's when both "cap & trade" and "health care reform" are shelved that we'd see a decent short-term rally.

Quote: "So Mr. coporate America needs to show they can fill the gap between 27 and 59, i.e. 22 (59-27=22) SO, this means on average, each quarter from now on must have a $7 increase on its correponding estimate, i.e. $14.27, $13.42, $13.17 respectively." Uh... I don't know... I might be wrong, but uh... 59-27=32. (and that's my final answer).

It was a head and shoulder pattern on the SP, and it worked. The breakdown was 899 to 868. 870 is major support, and held so far. That completed the HS pattern, and we got an oversold bounce. It is unlikely we will see a breakout over 950 anytime soon. Morons need to know how to correctly draw trend lines for patterns, and wait for confirmation. Otherwise you will get false signals/patterns. Market is not stupid, and never goes where the majority thinks it will be. Upside is still more likely than downside.......for now!

both Subysti_389 and calibuddyred have been smelling the underpants of their moms too much. Eddie Larry and malaka0827 both have IQ of -99, look there is a 'negative' sign! And I don't buy any technical analysis. I wonder why these are not taught in college if they surely work. These are just theories, these are not even laws, like Newton's Law of Motion. Those guys who critize the people who comment here are like innocent babies who are just crying for attention when no ones need their poor input. I feel pity for them. And the guy here sounding so confident about the technical chart analysis. Gee, I was following thinkandswim.com last year, they told me and the rest of our class that the market would go up by end of 2008, but it continued down - way down!! Go figure anyone who can do better than stupid -- Subysti_389, calibuddyred, Eddie Larry and malaka0827.

"I'm not a big chart pattern guy"... so why is Aaron wasting his time asking him about head and shoulders??????