Mishedlo, the prophet may be right long term, just make sure that short term you do not sell at the coming bottom around the 16th.
I fear, however, that the Prophet mixed "wishful thinking" with good down to earth prophecy (G). In any event, before the 16th, we have tomorrow to handle with some interesting reports, and then the angst of whether the prophet is right or wrong (tame inflation, a .25% "only" hike, the seventh in a row), and the prophecy from a non prophet that it it may be a "loose/loose" situation, if the fed hike by .5%, the market will shudder at the potential economic slowdown, if they do not hike or hike only .25%, the market will fear the next hike...
I still have a low around the 18th of May, caused mostly by the fed induced panic and the extreme bearishness creating the proverbial "wall of worry".
As for next year, well, if we reach $650 this year, who needs next year?
If I am wrong, well I am so accustomed of being wrong, my ego can take it, hey just yesterday my turnips erred again calling for a high of only $216.5 today, and low and behold, we got $217, I am going to give those lousy turnips a lashing or two.
Zeev |
