Saturday, October 01, 2011

I'm really bored now

After finally falling below 1250 in early August, the S&P 500 index has been rattling around between 1220 and 1120 ever since, seemingly going nowhere.

I'd like for the market to break out of this channel one way or another and start an invest-able trend. The mid-September bear market signal would suggest that the market will decline out of this pattern, but the overwhelming pessimism of investors suggests that most of the emotional selling has already happened. Thus I have nothing useful to say about which way the market will go from here.

4 comments:

Cathy said...

Well I have something to say:

2012.

Jody Wilson said...

Well, you've got a point there! Yes, the outcome of the 2012 elections will probably have a big effect on the long-term *fundamentals* of the market.

Keith Wilson said...

Well, here's the way I see it.
With unemployment still sneaking higher, more businesses closing, and Europe and the Euro at the brink of collapse, the market may bounce, but it's going to bounce DOWN.
Once the 2012 election nears, the market will start to go up; businesses will hire, more money into the market which will go higher still.
We are poised for a record bounce UP just before 2012 as the USA prepares for a new administration, lower taxes, fewer regulations, and better business environment.

Cathy said...

Not so boring today, eh?

This from the comment section of VDH's most recent and most optimistic Works and Days:

8. TommyTee2011
"What we have witnessed the last 3 years will prove one and for all the genius (divinely inspired I believe) of our forefathers and the resilience of our Constitution. . . . . . . . . . . . . . . . . . . . .

I predict the biggest single day gain in stock market history, when the results of 12 Nov 2012 are in."