Originally Posted by mact3333
Looking for sharp selloff on short term basis...but no longer bearish for IT and LT...we will get some bad news soon(Iran, Euro CDS probs, etc) and this will lead to sharp selloff...but selloff will be fast and sharp and most wont be positioned for it as it will happen fairly quickly.
But after selloff, odds now favor a run at the all time highs in Dow and SPX...dont see a significant selloff until summer...jmho.
I posted above on 2/22/12: We got the summer selloff from May-June 12'...but all time highs just about here now...I am still bullish for 2013...looking for 1650-1700 top at end of this yr or very early 14'...then things going to get real ugly.
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