Saturday, June 14, 2014

$SPY Prediction for 6/16/14

Bearish!!!!!!   But who really knows or can make a prediction?  I am thinking that we may be topping.  We have the IRAQ situation and our loss of overseas prestige, I expect forward returns on the S&P 500 over the next five years to be in the 1% - 4% range, well below historical averages, the S&P 500 appears to be moderately overvalued,  I believe a 20% correction is going to happen soon, and I believe that over the next 5 years there will a slow grind downward or be range bound.  And let's not forget that the last 1.5 year bull market was powered on extremely low volume.   

No one can predict the future!!!  

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