This is what Sandy and I expect based on what we are hearing on this side of the pond. 1) Each analyst has his or her own opinion. The best guess at this point is that there will be a market correction. The bottom is expected to be around 9400 and will settle around 9500. 2) The DOW is expected to get around 11000 before the end of year. The fourth quarter earnings are being factored in. I hope that this will prevent a heavy shock on the market. 3) It seems that if the dollar stays low the market will not react unless Europe drops fast. 4) Gas and oil is down now, but it is expected to remain around US$78.00 to US$80.00 value through end of year. 5) The FED should evaluate the short term rate.
Last year the cost of oil was very high. This is why the major oil and gas industry stocks are down in the third qtr. Factor in this current year cost of oil to last year and the earnings does not look bad.
Protect you US investments for the next five to eight weeks.
This is other people thoughts.. DYOR
Bob and Sandy KAR MEO
MEO Price at posting:
57.0¢ Sentiment: ST Buy Disclosure: Held