Replies to post #47630 on ajtj99's Market Pulse

[punkle]

It does seem like this is a march back up to back test 1160 or so but everyone seems to be saying the same thing including AJ, Zeev, and many others on both threads. That's when I start to wonder if something will happen to fool us all. An immediate resumption down tomorrow or next week after 1160 - 1170 is tagged is the prevailing theory - a burst through 1170 up to higher highs would certainly fool the most people. Not backing up the truck in anticipation of this but certainly not ruling it out either.

[ogm]

I think the short term thinking is that inflation is helping corporate profits, since companies now have pricing power.

The last hoorah of the the dieing bull.