I am sorry to say I side with the turds. After a +40% run up from the March lows on the SP 500, I wouldn't be jumping in. I'd like to be as optimistic as Larry Kudlow who thinks it should pop to 1200. However, we have a president and congress that are anti small business, anti energy, and anti fill in the blank. It is tough to see how we sustain any meaningful growth. I think were just going to muddle along in a Jimmy Carter type malaise.
Black Birch wrote: “However, we have a president and congress that are anti small business, anti energy, and anti fill in the blank.”
That was also true in 1975 (Democrats had a veto proof majority in the house and 61 seats in the senate). The market was up over 30% in 1975 and growth was 4%+. When you have the cycle going in your favour, it can cover a lot of policy mistakes.
I’m with Kudlow, I expect a strong Q4 and a good Christmas. Based on rebound from the recession, not anything that Obama has done.
At the beginning of the year I thought the year-end price would be 9600 Dow. I stand by that prediction.
These so-called futurists are BS artists, they play the same tricks as astrologers. Dont fall for it.
If they know a crash is coming ... are they short? Lots of shorts got killed in the last 5 months.