What can be
said here that we haven’t said before about the S&P500 bullish attitude?
Hard question, but I try it again. As I forecasted last week the S&P500
reached this morning our target price 1650 area. Here must be some hesitation,
because this is a resistance level. It could take 1-2 days the choppy mood.
Might be some back test on the short side, but generally pretty bullish the
indeces. Nikkei made this night +2,58% and europeans are in positive territory
this morning. The investors after the few weeks weakining coming back and turn
into RISK ON mood. There is apetite for risk again.
Here is a
Goldman forecast for S&P500 till 2015. I am sure that they do’nt have
crystal ball, so be sceptical about this, it is only one opinion, might be a
big fish’s opinion but just one opinion,. That’s it.
The year
end target is 1750. Let’s see. Any bets guys?
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