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      07-02-2013, 05:27 PM   #1595
RandomHero
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Quote:
Originally Posted by Inspired View Post
You believe we will go all the way up and make new all time high? The SPX has been struggling with the 50MA and sold off every time it gets close. It seems like we are still in a neutral territory with all the dojis on daily.
There's a hell of a lot of people sitting on the sidelines waiting to get back in the market right now. I see the potential of dipping down to 1550 and then when everyone gets back in we hit 1700+.

You also have to factor in the fact that bond interest rates rose significantly over the past 2 months. Bond funds are getting killed right now. Many people are flocking to equities in order to get any kind of a yield right now. Floating rate, high yield, and negative duration are about the only bond funds classes I'm using right now.