| Latest Forum Topics / Others |
 Post Reply
|
|
Dow at 14,000 Mark by End Year 2007?!
|
|
|
newmoon
Veteran |
14-Dec-2006 23:22
|
|
x 0
x 0 Alert Admin |
Typing error -pi x 1000 =3141days = 8.6 years .4.3 years uptrend and 4.3 years downtrend Search for business cycles by Martin Armstrong to see his full charts |
| Useful To Me Not Useful To Me | |
|
billywows
Elite |
14-Dec-2006 23:15
|
|
x 0
x 0 Alert Admin |
Wow! Looks like we are having the boom of the Mid-90's now .... look at the crazy property prices now! Hang on for a ride upwards! |
| Useful To Me Not Useful To Me | |
|
|
|
|
newmoon
Veteran |
14-Dec-2006 23:08
|
|
x 0
x 0 Alert Admin |
Martin Armstrong using the pi x 1000 =1341 days cycles predicted 6 years ago that the dow would reach 14000 by feb 27 2007. Look up business cycles by Martin armstrong. He predicted the japanese market crash in 1990 and the asian crisis in 1997.He predicted that year 2006-2007 would be an uptrend year. Like any genius his thinking is uncoventional. Unconventional thinking created the fosbury flop in high jump-landing on your back which every highjumper is doing nowadays combine the new moon indicator and the pi cyckes and you will be a winner-no need for sophisticated indicators |
| Useful To Me Not Useful To Me | |
|
maxsyn
Veteran |
14-Dec-2006 22:04
|
|
x 0
x 0 Alert Admin |
one whole year to achieve another 1,700 pts ? likely possible. Factors like US election, the interest rate cut, etc... |
| Useful To Me Not Useful To Me | |
|
singaporegal
Supreme |
14-Dec-2006 21:53
Yells: "Female TA nut" |
|
x 0
x 0 Alert Admin |
Possible... but I think not for this year. |
| Useful To Me Not Useful To Me | |
|
|
|
|
billywows
Elite |
14-Dec-2006 21:38
|
|
x 0
x 0 Alert Admin |
Interesting, but scary at the same time! So, we have yet to see the real HIGHS of the market?! --------------- Chief U.S. equity strategist Tobias Levkovich now sees the Dow industrials reaching 14,000 by the end of 2007, up from his previous forecasts of 12,750.
For the S&P 500, he lifted his target to 1,600 from 1,500.
Based on Wednesday's closing prices of 12,317.50 for the Dow and 1,413.21 for the S&P 500, the new targets imply a 14% gain for the Dow and a 13% rise for the S&P 500.
Levkovich notes that the expected double-digit percentage gains for the equity market handily beats the returns promised by bonds or cash, and so argues for "a meaningfully heavy allocation toward stocks."
As of late Wednesday, the yield on the benchmark 10-year Treasury note was 4.577% and 3-month Treasury bills yielded 4.94%.
Levkovich said U.S. gross domestic product growth of about 5%, international sales expansion, a weaker U.S. dollar and share repurchases will support a 7% to 7.5% increase in corporate earnings per share in 2007, which would account for more than half the expected market gains.
He also noted that the third year of a presidential cycle is usually the best for stocks, "and the market has never in the past 50 years been down in the third year of a president's term."
Stocks could suffer a bout of volatility as earnings growth slows, most likely in the first half of 2007, Levkovich noted.
"Investors will likely get nervous, but that should generate a buying opportunity," he said.
Regarding the risk of an economic recession in the U.S., which would lead to a stock market sell-off, he said it's remote given current tight high-yield credit spreads.
"Furthermore, these narrow spreads continue to sustain merger-and-acquisition trends," Levkovich said.
 =============
|
| Useful To Me Not Useful To Me | |