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Monday, September 14, 2009
1:54 PM TweetThis
  • Some are taking the Lehman collapse anniversary as a time to go super-bullish. The Dow returning to 14,000, Jon Markman? "In three years? Not a problem. The signs are abundant, if you know where to look: in the corporate credit markets, in employment trends, in consumer credit trends, in government statements and in corporate revenue trends."

This news story has 8 comments:

  •  
    Sounds like Mr. Markman is selling the Kool-Aid: [paraphrasing] sentiment surveys out the window (little guys have too little money); big money (read bearish hedgies) doesn't mean 'smart' money, so expect a massive short squeeze; and some companies raised their estimates by a few pennies. Get ready for Dow 14,000, in three years. Wait a minute, isn't he writing to an audience basically of little people (asset-wise).
    Sep 14 02:13 PM | Link | Reply
  •  
    13% returns for three years is "super-bullish"?
    Sep 14 02:27 PM | Link | Reply
  •  
    Wow I wonder why he didn't have the ability three years ago to tell us where the market is going to be. I guess he developed his psychic ability recently. Anyone who predicts where the market will be three years from now is a joke in my book
    Sep 14 02:42 PM | Link | Reply
  •  
    Someone is going to wind up with egg on their face. It isn't a popular thought on the Bear laden SA blogs; but, I think it's going to be the Bears that are wrong. I would not be surprised in the least to see the Dow at 14 in 3yrs. But, I wouldn't be surprised to see it at 7 either. Every time I think this rally is going to roll over, it just dips it's head arches it's back and raises it's head another couple hundred points. I can't explain why it keeps going up; and , truthfully I don't think there is anyone that can. Anyone that thinks they know what this market is going to do is absolutely, positively full of crap.

    I'm glad I'm not sitting on the sidelines in all cash.
    Sep 14 03:13 PM | Link | Reply
  •  
    For now, the trend is up.....

    until it isn't
    Sep 14 03:28 PM | Link | Reply
  •  
    You know, it really doesn't matter anymore. Markman is just another clown. The market will probably keep going up.
    It has become obvious with these late day saves that you cannot fight the FED, especially when taxpayer money is being used to drive the market higher.

    It really is a disgusting joke just how manipulated the market is now.

    As much as it makes me sick, I made huge investments around
    S & P 700, so it is all gravy right now. I can sit back, ride the wave knowing at some point the profit lock in will be tremendous. I just fell bad for the folks who were waiting to be "told" to get in the market by the likes if Markman, Cramer, et al.

    You know what, history is right. Nothing changes. The average American does not make money in the market and psychology has show that most people (not us here on SA I hope) buy the market tops and sell the market bottoms.

    It really is just a shame and though i complain about it, the corruption on Wall Street and the financial media, it is apparent that in the end, no one seems to care nor wants to learn from the past.

    compdivplan.com
    Sep 14 05:07 PM | Link | Reply
  •  
    Wait till the QE expiry deadline hits. I would be in a cocoon then with my eyes closed, cause the crap is gonna hit the fan.
    Sep 14 08:07 PM | Link | Reply
  •  
    does markman work for acorn? he s bragging about employment -
    are you kidding? 12-15% and more lay-offs everyday and he sees
    that as bullish. consumer credit trends? hello, consumer borrowing fell at a record 21 bill. recently. banks are cranking card rates through the roof while severely pulling back on credit issuance. BKs and foreclosures are rising. our fed is loading its balance sheet with toxic assets and buying back its own debt. soon the US will be its own largest creditor. markman must be looking for a cnbc gig
    Sep 14 09:25 PM | Link | Reply
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