The Black Box

[michalel97123]

An analyst was on cnbc earlier and he claimed that folks are confusing consumer sentiment (negative) with consumer spending (positive). I have seen this with my own eyes. Out with a group of friends saturday and everyone was complaining away about the economy, bush, oil etc. But all admitted that they and their families were spending like crazy as always.
Now back to the analyst. He says he is very csutious about markets long term but said markets would rally now into end of year and finish at 14,3 on the dow and that within the next 12 months it will explode to anywhere between 16k and 20k on dow. And this guy is cautious. One of his preferred groups is tech. I hear these things while i am working so i didnt get the name