Sunday, July 26, 2009

We are now flat

Yes folks seem like the market is now flat on the year and up a whopping 37% off its March low. For most of us who really measure everything on a yearly basis we are no different since January 1st. The market seem very bullish here but the question remains how much higher can we go, well I will answer that right now, 1054!!!!! That's my upside project since we hit that 666 on the Market in March.
I would love to see that number not because I have been calling for it since March as a possible top to any lift higher but it will confirm the structure on the bigger pattern of a bear market rally.
I saw this chart today which just blew me away



This chart shows in a nutshell what I have been saying for a long time that we are in a long team wealth destruction cycle and it wont stop. Yes you stock value might increase in value but inflation is eatting so fast into that growth that you are net loss on your investment in the SP500.

I will post some analysis tomorrow as I was busy this weekend doing some other stuff.

MARKETJEDI