I think 1040 will be penetrated this time. Oil spill, world cup, bad economic data in the last two weeks, nothing to support a third rally from 1040. Whether 1000 will hold will depending on the earnings of 2nd Q and the outlooks.
The worst will be that the market had a 'sucker's rally" from March 09 and we'll be back to 935, or even 867.
Year end target of 1300 is out of question, unless we talk about the year end of 2012, and only if we all make it out alive in that year . -:)
2 comments:
I think 1040 will be penetrated this time. Oil spill, world cup, bad economic data in the last two weeks, nothing to support a third rally from 1040. Whether 1000 will hold will depending on the earnings of 2nd Q and the outlooks.
The worst will be that the market had a 'sucker's rally" from March 09 and we'll be back to 935, or even 867.
Year end target of 1300 is out of question, unless we talk about the year end of 2012, and only if we all make it out alive in that year . -:)
Got time to get long here at 1039.
ex
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