Quote:
Originally Posted by montel
The rally we are presently seeing is the biggest load of horse shit ever. The SP500 is up 6.5% so far today and has been rallying for 2 weeks now.
There is a BIG fall coming soon. The next drop in the market is going to be BRUTAL and will CRUSH the people who still have any optimism. You will know its bottom when people are saying "oh noes, never into stawks again". This one is going to be real nasty and I am predicting it in May or sooner.
SP500 is going to: sub 500 by Dec 2009
Dow is going to: sub 5000 by Dec 2009
Anyone here actually calling a bottom?
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I agree that the market has rallied hard in a very short period of time. I think we could still squeeze out another 5 - 10% gain in all the major indices before we experience a correction. The market always over shoots in one direction or another. Right now, it is overshooting to the upside. Eventually though, we will experience a correction of at least 10%. Investors will lock in gains and the market will sell off. Whether the market retraces to our March lows depends on how smoothly the government is able to execute all of it's economic recovery plans.
As for your prediction of S&P below 500 and DJIA below 5000, the answer is no way. Not unless we go into a depression and that is not going to happen.