Dislikedlol.. i hope you r right.upto 170 and down to 115 in only 3 months time.
chirstmas come early this year!!Ignored
PA is kind of in limbo because there isn't enough bad fundamentals to go much lower although there is a kind of distant unraveling sound with pigs and less than expected US growth. My idea is that the bulls will get it together to make one more trip up based on expectation of growth. There will probably be some more signs of recovery this spring based on some real stabilization and even a little growth in the US.
Ultimately though the full correction for this business cycle needs to be completely played out.
I would also add that the view I am expressing is probably a prevalent view, after the 08 problems many are surely waiting for the other shoe to drop in the back of their mind, so when is something is half expected it is hard to say how it will play out in actuality.
So basically we will have a frightened bull climbing a wall of fear trying to make his own trend that will go wild up on fundamentals he interprets to suit himself. Below that will be the subconscious bear biding his time until the bull is exposed and then the deed will be done.
Anyway I don't stay married to my outlooks but I would rather have my own, when I read the fundie outlooks from analyst pros I find theirs to be at least as wrong as mine.