SP500 is still 5% from when 1970 and 1973 started recession (relative to peak).
In a non-recession scenario new high usually occurs within 12 months.
So I'm seeing 5% to 15% upside from here no matter good or bad news XJO 7300-7900.
Until unemployment turns then I have -30% after that.
Nothing surprising about this rally markets simply don't hold below -20% without unemployment turning upwards.
Indices 8/08, page-24
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Last
8,091.9 |
Change
46.800(0.58%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,045.1 | 8,091.9 | 8,045.1 |
| XJO (ASX) Chart |