I don't really understand why there has been such a huge rally in the stock market off late. There still seems to be a lot of question marks, and I'm not very convinced that this run will be sustainable. If I were to make an uneducated guess, I'd say that the dow should top off somewhere around 11000 before another bear, but what do you guys think? Do you think this rally will continue and now is a good entry point, or do you think that this is all hogwash and the dow will collapse again pretty soon?
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I think equities are going to dip again but not as bad as we saw during the crash. I'm long EM and Commodities and short FI products.
The markets perpetual rise is contingent on favorable economic indicators. In that regard, I think if unemployment continues to rise, as it will with the increasing number of new formerly given up job seekers re-entering the market, I think it's still a tricky situation. I'd go long but bevery prepared to go short, I'd buy some protection too.
"I'd buy some protection too."
Will Trojan work (sorry, I couldn't resist. Bad joke, no negative bananas please)?
But seriously, what levels do you all think the Dow will rise to? Like I said, I think we'll go up to 11000, max 11150, and a downside of 9500 max. I also think that we should see a losing streak for a while very quickly. Anyone else agree?
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