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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (39070)	10/17/2012 9:15:03 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218712

I don't know, you could be right, but personally I think this market is going to rally much higher over the next 6 months, SP cash at 1650 or more... GZ

To: Fiscally Conservative who wrote (39070)	10/17/2012 9:31:40 AM
From: SGJ	Read Replies (3) \| Respond to of 218712

I think the market's going to have a pullback after hitting the 1600's next Spring. But its going to be no more than back to where we are now imo. About 15%. That's what my analysis is showing. That could change of course as time goes on. IN the meantime though, there is no sense in being short. The economy is getting better instead of worse. Interest rates are at historic lows and the economy has pulled itself out of a recession, despite the most anti-business, reckless spending administration in the last 50 years. Just yesterday a report was out that foreign holders of US debt dropped from 55% to 50%. There are now 10% more domestic holders. The largest foreign holder of Treasuries is now Japan, who is more friendly to US interests. They have now displaced China. Plus there is a good chance now that a pro business president may be elected in November. Regardless of who's in though, my analysis still says 1650 by March.