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Bulls To Let It Run – SPX To The Moon

Need another data point to suggest the market is near a top?

The same “experts” who called for a market crash as recently as November are now calling for a big run up.

‘Run with the bulls.’ Don’t worry about frothy markets until S&P 500 hits 6,250, says SocGen.

      • “Substantial room” for fixed income volatility to come down is also a plus, says the strategist.

        “This backdrop should not lead to derating of U.S. equities beyond technical price reversals,” he says. SocGen set a 4,750 target for the S&P 500 in September, which is middle of the current range that has seen several strategists up their 2024 targets.

YES, indeed, let it run. 

The article is full of complete nonsense of rehashed half-truths. The real truth is, the stock market is selling at historically extreme valuation levels. A 50% haircut from today’s levels would simply bring us back to a historic mean. Let me present you with a much better and to the point analysis…….

Our Time/Price calculations are clear in terms of what happens next. If you would like to find out what the stock market will do next in both price and time, please Click Here