Replies to post #20097 on T/A ETF AND INDEX

[POKERSAM]

relax6 - Correct. You can't take any of this too seriously. That was my point in that post #20080. If you can't laugh at yourself at times you will go nuts in this business.

I did predict the rally in March with a target between 950 and 1008. The problem became that after 950 I thought it ended every week or so. It just kept going and going like the energizer bunny. 2009 was not a good year for me as a result.

[capt_jmj]

Fund managers have too much to lose into year end, so with the second string at the levers and instructions not to allow things to get out of control, expect a sideways to slight grind up as retail traders take turns driving the bus. When the big boys are back in the left seat after the first of the year and have assessed the situation re: the dollar, government spending, healthcare, cap and tax, etc., etc., we might finally see some real movement. Costs have been cut about as much as possible, so with continued lackluster spending by the consumer, posting good 4Q earnings will be even more of a challenge.