Saturday, April 21, 2007

That was fast.

Less than 2 months after the correction bottom in early March, the S&P 500 has already rocketed back up to a multi-year high. The prediction made earlier this month that the S&P would rise above 1460 has already come true.

Now the question is: how much higher will it go before another significant correction? My guess is that the market's rise will at least slow down at this point.