After 6 years, S&P 500 made all-time high at 1586 yesterday, exceeded Oct 2007 high of 1576. My wild guess is that just like S&P 500 made a fake lower low of 666 in 2009 which is ~100 points lower than 2002 low of ~766, this 4+ year bull-market will make a fake higher high at around 1676 area which is ~100 points higher than previous high 1576 before it turns into bear market (correct 20%+).
The timing of top looks to be around May this year.
Thursday, April 11, 2013
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment