sp'weekly8f
Summary
Indeed, as expected. with continued upside, the mainstream are starting to increasingly confident again.
It is utterly ironic of course, considering that just a few weeks ago they were getting real upset, with talk of possible QE4 and NIRP.
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sp'2300s?
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| Stoltzfus - sp'2300s by end 2016. |
My original outlook was for a late spring/summer washout to the 1600s... and then year end to 2185.
For now... I think its merely a case of seeing what the bears can manage in the next wave lower from mid March onward.
A grander issue remains capitulation in the oil/gas/mining industry. How much upset might that cause? Is Deutsche bank going to be taken down? If so... its hard to imagine the sp'500 being able to hold 1600.
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Just noticed...
Pretty interesting to see another analyst tout the sp'1600s, and I'll give clown finance TV some credit for balancing out some of the bullish hysteria.
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back at 2pm