The chart accompanying today’s E-Mini S&P tout is one of the most important I’ve published, since it has forced me to acknowledge, despite my strong belief that 2013 will usher in a deep recession, that stocks could go significantly higher over the near term. While I’ve posed two alternative scenarios that will at least give permabears something to hope for, it still seems very likely, technically speaking, that the broad averages will hit new all-time highs before the bear comes a-roaring. Click here to sample Rick’s Picks free for a week, including daily trading ‘touts’ and access to a market-savvy chat room that goes round-the-clock.
Your Perma-Bearish Editor Stares a Feisty Bull in the Face
- January 3, 2013, 5:26 am
Like the guy who jumped off the Empire State Building. At each floor they heard him say,”Ok so far!”.