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I am quiet confident that the fall is done for the S&P 500 and The Dow Jones industrial average.
Regardless of what happens in Europe, The US markets shall remain one of the strongest and most bullish of markets. I am still with the idea that S&P and DJIA will hit historical highs by the end of the year … So to me where the S&P is right now presents a golden opportunity for going long. There is a possible 2000 points rise to be had on DJIA to January 2017 … Yes , we could hit DJIA 19,000 ish this year.
FTSE is really not going anywhere significant in my opinion , at least in the short term, the best it can achieve is 6,350 ish and it still has the possibility of falling under 6,000. I also think Sterling is not going to go much further down and it has indeed settled. In the long run I expect Sterling to become a safe haven , like the Swiss Franc and become much stronger than it is now. Coming out of Europe will mean we will be treated as a safe place to invest and our currency a safe currency to hold. I say that because things are going to fall apart in Europe fairly soon . Despite some negatives about leaving EU – we have saved ourselves from ending up like Greece and Spain if we stayed , with mass unemployment as just one significant factor.
We have independence now , but still the central bankers and their mercenaries such as Osborne will not let up – Osborne said today – We are going to give you even more austerity and cut even more from your services. Just reading between the lines here but tax the poor and the middle class even more and give even better tax breaks for the rich and the corporations – The old grind continues and will do so as long as we let them deceive us , UK has taken more in tax revenue this past years than anytime in it’s entire history – we could build a four bedroom house for every adult in Britain and still have spare cash left over – as long as central bankers run and own our country and our parliament nothing is going to change here . In or out of EU.
All in my humble opinion and no investment advice intended.
See you tomorrow
Andre
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Thanks for the thoughts sir, we must arrest all the corrupt politicians and the bankers and start again. We also need to have a general election right away and rid of the Tories.
R
We have far more than we can spend in tax revenue in UK right now, we could build a paradise if we were not paying interestfor the debt to the bankers for creating the debt for us in the first place. Something is very wrong here, we must now concentrate on sorting out this massive overhanging problem. We must get back control of our country and break the shackles of slavery. What was the point of leaving if they can continue having their boots on our faces. Need a real revolution now and agree, an immediate general election.
I agree that the S&P is ready for moving higher. I’ll be going long and will hold my nerve & see it through the historical high that you have promised :)
Thank you for the thoughts
x
I think you are right Andre,S&P is to be bought right now. Footsie is still a dangerous place to bet.
Kind regards
David
EXCELLENT CALL ON THE BOTTOM OF US ,S&P specifically, well done Sir.