Firstly, let me let all know I HATE WINDOWS 10 and their stupid and potentially catastrophic updates.
One of my laptops did not reboot after a weekend update and I spent hours trying to get it up & running.
Anyway, I got a laugh from an analyst who is now predicting SPX 3000! Will not call names because I do not want to put
this esteemed Traders-Talk site in trouble. But, seriously, SPX 3000 is a big deal with the market 2% away?
I am rethinking the 2 to 3% rally I expected after the historic high was reached but there us still APPLE earning, the FED, the NFM report, and the long running TRADE TALKS saga, so there is still potential for a rally to SPX 2050.
A rally is a rally, no matter how ugly, no matter if it is not logical, no matter if not supported by sentiment and fundamentals, but such rallies are at the final stages when they struggle to get more participation. I am talking my book,, but putting that caveat aside, I expect a blowoff and then at least 10% down.
The S&P 500 $SPX sets a new all time high. The bear market is officially dead; a meaningless statement with literally no ramifications whatsoever.