S&P tickles 1,100, great call Anticitrade and 5Catagories !!!
A purist would wait for an indice to close at a particular level before commenting on it, but I'm not a purist. I'm a fun loving fool who doesn't know when not to downthumb something Mr. Market has a temporary love affair with, (beauty is in the eyes of the beholder) and conversely gets too impatient or too chicken to ride the upthumbs long enough for them to play out.
CAPs has been doing some roundtables with some top fools in various areas. Kudos to all who publically make calls. It's educations and valuable to see dissenting opinions and to get some meat behind the opinion. If we were afraid to voice our opinion for all to see then this site would be very boring, if it even existed.
In this very good round table,
Anticitrade and 5Catagories predicted an S&P of 1,100 before it saw 900 again. Anticitrade in a blog reply now predicts 1,200 before 900. The market is indeed erratic and running on the news. The DOW 10,000 seems to have encouraged the market and of course the S&P rides along. Earnings are hit and miss among the big issuers. Market sentiment will continue to ebb and flow with those saying the markets are over valued vying with those who missed out on the rise and are itching to get in.
The devaluing Dollar gives fresh interest to Gold and Oil which in turn are heavy movers of the market. While I've predicted more up than down for the rest of the year, I'm not bold enough to predict real numbers. I'm just happy when I can buy and sell with 70% or better accuracy and I appreciate CAPs as another tool to help.
TSIF (The Sky isn't Falling, at least not today, but check back in tomorrow, or this afternoon even!)