Let's do this one again shall we? Just wanted to quickly gauge some market sentiment here on TSMF. How bullish or bearish are you all on the markets (SPX) for the near term? This is a very simple and straight forward poll here. You are simply voting for what you think we see first from current price. STARTING POINT: Here are your poll choices: 2600 or 2400 You're basically voting for a 100 handle move in either direction in the SPX from current levels... Whatcha all thinking TSMF? This poll will close in about a week so please try to cast your votes in here ASAP! Don't forget to CLICK in your vote on the poll and POST your vote on this thread!
2600 for me.....i know i never vote up in these polls! but we're now 10 months in w/o even a -3% draw down off the highs on the spx (which happens to be the 2nd longest streak ever in history) ... and we've had plenty of excuses for a nice meaningful pullback all year that has never materialized. so far the month of september is looking like another up month which has historically been a down month ... october is also historically a pretty volatile month ... if we pullback to 2400 from here it would be a -4% pullback which isn't very deep at all and very doable. i think there is A LOT more room for downside potential than upside from here, but every time i have thought that the market has ended up doing an about face and rip to new highs. will this time be any different? idk, but all's i'll say is if oct. goes off w/o any major pullback then i don't see a -4% pullback happening the rest of this year, as november usually kicks off the best 6 months of the year for the markets historically speaking. i honestly thought 2600 was a real stretch just a few months ago, but now it's not looking too far out of reach. i don't know if we'll reach 2600 by the end of this year, but my guess is we are probably more likely to see 2600 than 2400 first.
2600 for me. 2750 is my hunch by years end, as I've said all along. Unless we go into WW3 or some other major tragedy we still have a ton of upside before any sizeable correction. Buy the dips is the new mentality, the numbers support it and until interest rates rise above historic lows we are going up. DOW 30,000 anyone??? Hopefully you guys got in on the EFX puts, still got a lot of down play left in them. The big wigs are leaving right and left and the major s$$t is fixing to hit the fan, some class action lawsuits are headed their way, not going to be pretty... Being the contrarion I am this looks to be my best play of the year..
i will be closing down this poll this coming monday (9/25) so if you guys haven't already be sure to get those votes posted and clicked in on the poll.
My first bearish vote on this pole... going with 2400 My firm target has been 2590 for a while now, i could easily be off by 10 points, but im gonna stick to it 2400 would only be an 8% correction from there... and a dip i will B the F out of!!!
