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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: Robert O who wrote (964)	6/4/2012 12:45:35 PM
From: The Ox	Read Replies (1) of 8239

I agree with your points. As to how much is already "baked in", I doubt that much of a "return to recession" is, with the exception of the past few days. To be honest, the way the market "feels" to me is that we are baking in something much worse, like a "new war" in Iran. Lets not get off into politics too much but I wouldn't be surprised if the market has been starting to "price in" a new president, as March was the top and that was when it became obvious that the last challenger to Romney was dead. We can come up with any number of "reasons" but the simplest solution is usually the best. We had a great run from Oct into March. We went from 1075 to 1292 in the S+P during the month of Oct and then peaked at 1422 by the first week in April. So we are all the way back to Oct/Nov, or if you wish, we are really back to June of last year. The 1270 area is where we've seen both support and resistance levels over the past few years. Lets see if we can find some support here..... As always, the trend is your friend!! Good trading

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