Go with BEN. DOW to 12000.

Wow, my prediction came true haha…

I drew this chart yesterday…

and today the chart shows what I drew yesterday. Not bad.

But that’s not the point. The point is that the market seems to want to go up really hard. Bulls are really owning the market.

FED has already bought more than $50 billion of Treasuries… Yields are way down. It is now so cheap to get money. Interest rates are at a low of only 2%… Hedgies can borrow this money and buy stocks and other risk assets --- part of Bernanke brilliant plan.

Today’s solid bullish action was because of the GOOD JOB prospects and the outstanding PHILLY FED Manufacturing report.

I think the market will see slight resistance tomorrow as it tries to confirm the bullish rally. If the DOW slams through the red MA line as shown on the chart, we are going to see 12000 by Christmas!

Signs are everywhere that America is improving. The mortgage crisis will end soon as people would want to buy houses to hedge against inflation soon. I think we should forget the skeptics and those who think that the housing market is going to crash.

These evil FAT RICH ppl are trying to gobble cheap houses from the market. They want to make it even cheaper and steal these houses from us poor americans.

The trade is to follow smart Bernanke and not fight against him.

Once again, do not take my opinion at face value, please do your own due diligence and trust your own valued decisions.

I would like to know your opinions too by posting a new poll.
The previous poll has shown that BULLS are in charge here. Now I want to know how much BULLS are expecting the market to rise by Christmas.