DislikedPersonally, I am preparing for a re-test of the 750 level in the S&P500, at the very least, which I expect to occur sometime in Q1 of 2009, when a constant stream of truly dreadful economic data will be hitting the newswire. If this level is taken out, then a test of 600 seems a fair bet to me. I think equity markets will bottom towards the end of Q1 2009.
As for cable, I think any potential upside in 2009 will be capped way below 2.0, considering that, on many measures, the UK economy is in worse shape than that of the US:- higher levels of private...Ignored
I expect to see cable upto 1.60 in the short term before we see further weakness and then who knows where the bottom will be, but cable will get a big kicking! Especially when we add the holiday mentality of buy now pay later into the mix. Things are not looking good over here at all