Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.21

-1.1%

4:00 PM EST

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To: robert b furman who wrote (179908)	10/1/2022 6:20:19 PM
From: Machaon	4 Recommendations Read Replies (2) of 218506

The Fed zeroed out the Fed Funds rate at the beginning of 2009. That's when the S&P500 started it's long climb from 666 to 4800. Previous highs before 2009 were around 1500. Drawing a simple line following the uptrend from 2003 thru 2008 I see a trend towards 3250. But, because the Fed has to reduce the balance sheet at the same time it is raising interest rates, and considering inflation and supply chain problems, I wouldn't be surprised to see the S&P500 go lower than 3250. I'm in cash right now just waiting for opportunities.

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