Friday, September 5, 2014

Cue the Screaming Blue Messiahs

Maybe now we can -- at long last -- visit the 200 DMA on the S&P 500. 

I'll buy that dip.


T.Berry said...

cg, i hope you are right! 200dma would be a great gift to add positions. if so, i'm ready to go all in to capture position to hold till 2400-2450 next year. mkt remains solid.

multi-year secular bull takes us to 2400+ next 12 - 18 months. may as well up targets now rather than later. this bulls legs get stronger by the month with no end in sight---cb's got it right this time folks. always hate to say told you so.

pb said...

Not without more QE from the FED or the European Central banks. QE is the only reason this pig is up and it's ending in October. If the European Central Bank doesn't do enough QE the market will roll over.We will know on October 2, 2014 when the European FED makes their announcement. My bet is the Germans won't allow it because they will be on the hook.