Futures
October 18, 2013
Hot Rolled Futures: Active Again
Written by John Packard
Financial Markets:
Okay now that that mess is over with, the S+P 500 and other U.S markets can get back to the business of what they do best – Go Up! In fact we, have already reached all time highs (again) today with the S+P 500 at 1733. As I noted, we are likely headed to the 1775-1800 zone in the immediate term and possibly even further. We are in the fall, when the market typically rises, funds are underweight, and they will want to add to risk into yearend, pushing the market even higher. Don’t worry that the market has already risen 24.6% since January 1st, in this “government prints money for its own debt environment” the history shows you can pretty much just own stocks with impunity. Of course, the market will get the shakes again come January when this whole debt crisis re-appears, but until then just “buy em”;)
