Could the S&P climb to 1100? I think it could get close but may have to pull back. I know many traders that are just sitting and watching this bull rally. Some are calling it a bs rally but it is still moving upward. The fact is industrials, retail sales, and unemployment numbers are getting better. The problem is a recession or almost depression that we experienced takes time to heal. The S&P almost doubling in a year or so does not make me confident; especially when the consumer is still on the fence. Remember a young person typically invests in the markets for the long haul, while older individuals should be in less risky products. Is there even a less risky product out there? Unfortunately, everything is a risk and you should consult a professional when making all decisions.

This entry was posted on Friday, September 18th, 2009 at 11:24 am and is filed under Financials. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.