I’ve flagged 1080 as a Hail Mary! number in the Mini-S&Ps, but the implied 35-point rally from current levels seems like a bit of a stretch, even if the Dow will be feigning resilience at 10000. The market looks like hell, so it should be interesting to see what the third-stringers do with it while under firm orders from the Hamptons to “hold ’em steady.”
