SPX500 Forecast: Levitating Just Underneath 4800 StockTrading
I think this is essentially just killing time and I do not suggest trading at all.
The market is a little overextended as it is, so to think that over the next couple of days, while there is no real enthusiasm, that we could have a little bit of a drift lower is not a huge surprise. That does not essentially mean anything at all, and I believe that by the time it is all said and done we will simply see this is yet another opportunity to buy the S&P 500 along the way.
Sometime this spring, I expect to see the S&P 500 at 5000, maybe sooner than most of you realize. With the Federal Reserve looking to taper bond purchases, there are some people out there that are concerned, but they have proven themselves more than willing to reverse if it has a negative effect on the markets.
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