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  • The Most Underappreciated Bullish Evidence [View article]
    This is a very interesting article. Price action, current and past definitely validates the bullish bias. The market has gone on a straight line up since Nov 12 with no retracements whatsoever. It could go on for a while.
    I am just curious to know what the S&P level would be if we did not have the Fed ZIRP and money printing program!
    I am not smart enough to know when the Fed will not be able/willing to support the equity market, but I surmise that the bull market will end with the end of the easy money policy.
    Earnings will have to be darn good to offset the multiple contraction that we will have one monetary policy will be normalized. When is everybody's guess.
    Last but not least, nobody knows what will be the long term implications of the massive price distortion of the capital market. It took a few years 2001 to 2008 to find out the effect of A. Greenspan easy money policy.
    Dec 28 11:59 PM | 1 Like Like |Link to Comment
  • Morgan's Adam Parker turns bull [View news story]
    2327 is a too conservative target. 3000 to 3500 is more realistic.
    Sep 4 09:57 PM | Likes Like |Link to Comment
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