Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No way is what folks said to a 5500 target when SPX was at 4000.
Agree. But another 500 points if not more is very possible. Then a huge correction combined with much higher interest rates.
Any targets for the blow off top.
That is just election tactics. Her plan will never go thru.
680-700 is looking like a likely target with all the rate cuts projected. Then the bust that will send everyone running for the exits.
The FED has so much power that it can make everyone look like fools and that is what we are seeing right now. They are fully committed to inflating everything until they no longer can and that is when the bubble pops resulting in everyone begging on the streets, confiscation of bank accounts due to to lack of liquidity and .........
From a fundamental perspective Schiff is correct.
Give it time. Green is the preferred color.
Never said things are great over there. In fact things are very bad over there. Just saying that they are putting a proposal on the table which will turn things around. Money printing is never good. We are on the same path.
Javier Milei wants to bring drastic reform to the Argentina financial system. Wants to make it a crime for any central bank to print money to finance the treasury. His drastic steps over the past months have resulted in a huge reduction in debt thru cuts in unnecessary spending. How bout bringing that here and cut spending on military and social services that cater to illegal immigrants.
The flat redline is the target for the correction that will somewhat bring valuations to their fair values.
Great thought on building long term shorts. I think the mkt will reach at least 5200 before May. That is my target to initiate a short position.
Economy is booming on printed money. Wait till that starts coming to an end sometimes in mid 2025.
SPX heading to 5050. Market are attracted to these unique combination of numbers. Next one that makes sense to the upside is 5555. Ofcourse there are such numbers to the downside as well.
No rate cut in the first half of 2024.
5K will be printed by valentines. Maybe 5200 by mid March.
Take away the FEDs 8 trillion support of the mkts and see how quickly it falls to its true value of Zero.
Bearish candle for today. End of this rally could be today. This may be a good point to exit. Will sell longs tomorrow after a 7 % gain over the past two months.
3500 by early mid summer is what he said. But also said he expected a continuation of the rally into Christmas or even early next year.
The strength of this rally is strong. 4500 to 4600 is the target. It will likely get there. Too much money pumped into the system by the fed thru back door schemes is the reason.
4500 - 4520 seems to be the area of major resistance and where the resistance trendlines are. That is my logic behind the 4500 target.
4500 seems to be a logical place for a top. FED may still raise rates in December and throw water on this steaming train.
Looks like we are headed to ATH's
David Hunter predicting spx to 6000 this year by the December time frame. Says there will be a huge melt up, the likes of which no one has seen before, leading to a blow off top . He cites the 5 trillion covid liquidity injection by the fed as the reason for this.
I don't think they will do it. It will start an all out war on hurting infrastructure. Plus it will hurt other european nations, which Russia does not want. The gas pipeline blast, hurt only Germany. A destruction of the transatlantic cable will bring the world to a grinding halt, resulting in the world rallying against Russia. Give O'Biden time he will lead us over the cliff.
The March to 4400 continues. Possibly 4600. Fed could hike in July.
rate pause could end up being a "sell the news" also.
I have no idea. Here are some thoughts below.
1. Inflation if cooling
2. No more rate increases
3. Job markets are cooling
4. We are in a good place (no recession)
The ERA of intimidation is coming to an end. As powerful countries like China, Russia and India seek a dollar alternative. The U.S. will not be able to so easily bully them. The war in Ukraine is not about what we hear in the media. It is against Imperialism. Russia has completely obliterated the NATO backed Ukrainian army.
4400 is almost here. Might hit that today or tomorrow as the FED comes out with a BS statement.
Larry Williams calling for a market correction starting between the 8th and 15th trading day in June. That is between June 12 - 21.
SEC is a paper tiger. Nothing will happen to CZ or Binance, except a token punishment. It is more profitable to break the law than to abide by it. This is true for any sector. Whether it is finance, energy or environment, .....
No catalyst for upside either. Therefore no catalyst for downside. This is all a scripted show.
Even if the fed does not raise rates and stays put. 5% rate is enough to cap this market. I am getting a 5% plus return on T-Bills (no state tax) and I can sleep without worry. I will take that any day instead of this freak show.
Rates are going even higher in the next two - three years. This is just the beginning.
Having said that, 4350 could be all we get, before a long term slide.
Memorial Day pump in play. This will pave the wave to 4325 on the spx. That would be a good spot to enter a short position.
No Agreement this week. Probably not even next week. over the weekend, June 3rd / 4th. That will give spx the time to reach 4325 - 4350.
Probably a rally into MD weekend.
Looks like we broke thru the rectangle formation of the past eight days. Let us see if we can crack 4200 this month with a MD rally
Debt ceiling will be increased. Everyone knows that.
They will raise the debt ceiling after a lot of sabre rattling. However, they should cut spending by atleast 500 billion for next fiscal year and raise the interest rate to 6% by the end of 2024.
FDIC is bankrupt. Next big one will collapse the system.
Jamie Dimon says the banking crisis is over.