"1388 will be reached (it might be exceeded, but don't count on 1347 being taken ot this year, yet).
Zeev, 1347? Doesn't make sense. Do you mean 1547 instead, if I understand you correctly?
BTW, I read the the Hirsch Stock Almanac newsletter, on their newest edition which I saw a week ago, their headline is "BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY, BUY!!!!!!!!!!!"
I am not kidding, all bold-faced BUYs as the frontpage headline. Talking about irrational exubrance. If you want, I will email you the letter.
I am just lucky I didn't short this market like last year this time. The pain was so huge I was considering to became an anesthesiologist.