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What do we see next, S&P 500 at 6000 or 4000?
Posted on 2/6/24 at 1:54 pm
Posted on 2/6/24 at 1:54 pm
With major earnings out of the way, I do not see any bad news on the horizon or anything around the corner that could derail this market. Positive earnings from META, AMZN, NVDA. Do the 493 other companies catch up to the Mag 7 or do the Mag 7 run out of steam? Looks like nothing but up. Fear greed index is at 73. With that said, isn't that usually how a crash happens?
Time in the market beats timing the market. The next 5000 move is up. There, I said it so you don't have to. I am just curious where everyone sees this playing out this year.
Time in the market beats timing the market. The next 5000 move is up. There, I said it so you don't have to. I am just curious where everyone sees this playing out this year.
9
Posted on 2/6/24 at 1:59 pm to wizard of smart
I think we see it at 6,000 by mid-to-late 25
*I have no clue what I'm talking about though
*I have no clue what I'm talking about though
Posted on 2/6/24 at 2:20 pm to wizard of smart
Biden election bump to 6000 incoming
Posted on 2/6/24 at 2:43 pm to wizard of smart
Regardless - I'm buying.
Posted on 2/6/24 at 3:18 pm to wizard of smart
As a saver, I’d rather see 4,000 first. Hell, give me 3,000 or lower.
However, I think 6,000 is slightly more likely than 4,000 again.
However, I think 6,000 is slightly more likely than 4,000 again.
Posted on 2/6/24 at 4:12 pm to wizard of smart
S&P has already posted 7-8 record highs this year I think. This is immediately after a full recovery from a 2 year downturn.
Anything is possible but a strong year is looking far more likely than another big dump at this point.
Anything is possible but a strong year is looking far more likely than another big dump at this point.
Posted on 2/6/24 at 7:33 pm to wizard of smart
There are no real market forces with the Fed backstopping the economy. Wall Street is a casino. Just keep placing your bets and it will work out.
Posted on 2/7/24 at 2:27 pm to wizard of smart
quote:
What do we see next, S&P 500 at 6000 or 4000?
Looks like it's going to top out at 4999.71 today. Crazy close.
Posted on 2/7/24 at 5:35 pm to wizard of smart
6000 most likely. The next time we see 4000 will be on the way down past it. No one will predict it, some stupid event in some other country will cause it, and we'll all be holding the bag because of it.
Posted on 2/9/24 at 1:13 pm to wizard of smart
Going for record high #10 of 2024 already.
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