for S n P 500 should be going up around 1250-1265 then pull back to 1220-30 area.
You can see how do Wall Street doing it from today's trade. In the morning, before all European countries market close, news from Euro are all not that great. After 8:30 (our time), all Europeans go home, then Wall Street/FED creates all kind of good news about Euro and push up the stocks.
But too much fight here at 1220 had used up too much energy/momentum to go up further. We MAY not see new high(>1356) this year. Next year will be a disaster!
S n P 500 will see 500 next year and then stay there for a while till 2013 to see if any improve on econ!
The ultimate goal for US is blow up the bubble then deflate it then blow it up again then deflate it. By doing the vibration, all the weak and stupid countries' resources will be in Americans' hands.
They did it in the 80', which killed the Russia, and stupid Japaneses lost all their assets to Americans, Sony, Nissan, Toshiba, Mazda, Cannon... on and on all controlled by Foreigners/American's interest!
Again, bubble up in the middle of 2004-2008, by deflation it, good chunk of food and small businesses in China are now controlled by American's interest.
Now Europe, 'The strength of the chain is the strength of the weakest link' American says. Best for Greece and rest of the European countries to stick together, or eat alive by American. That's why European countries are not following American's ADVICE, i,e,. Printing money like no tomorrow. They see the Blow-deflation-blow-deflation game and don't want be eat alive!
The longer they keep the fight going the worst to the American. To blow up Europe and China used toooooo much of it's strength, if next deflation started by any of those two, American's will pay dearly!
Local business(S California), small to mid size are holding to the end of year. Many says that if nothing changed this Q'max, they will close the business at beginning of the year. Lease is killing them! Fix cost getting higher and higher but income is not improving, 'Why do you want bust your ass for others?'
FED could have any number they like printed on their paper, but reality will be mass of small to mid size businesses will be closed soon!
This babe is sooooo efficient lately. I thought it will take a week or so to finish this run but only take 3 days!
Meaning there is no investor/long term people in the market, but only traders. Take the money and run mood is all over the place.
Tomorrow, Euro meeting, Thursday 3rd Q GDP expect very very high at 2.5 so we should see some tail sign tomorrow after 10am (our time)market will move for the result.
This babe is sooooo efficient lately. I thought it will take a week or so to finish this run but only take 3 days!
Meaning there is no investor/long term people in the market, but only traders. Take the money and run mood is all over the place.
Tomorrow, Euro meeting, Thursday 3rd Q GDP expect very very high at 2.5 so we should see some tail sign tomorrow after 10am (our time)market will move for the result.
Ok, as advertised going up after 10:30 am our time, so tomorrow we will get a great GDP at 5:30am (our time)
All news media telling us that it's Euro meeting and so on, but I think good reason for afternoon run is for tomorrow GDP report. Can you believe it, 2.5, oh my Gov. doing everything they can to cheat!
Anyhow, I think market will even make higher from here, due to next week FOMC meeting at Tuesday. Last week all the FED Gov. came out and imply QE3 and market don't wants to short if Bernney the clown suddenly announce for QE3.
So market may will keep up or higher until next week's Friday Unemployment # too. But need a rest after that!
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