"Lazlo Berini says so. Since the decline was 'X' days long and the rally is only on day 'N' and based on the trajectory we should reach 1400 by year's end."
Up cycle lasts as long as the down cycle? What about Sir Fibonacci? What if the upswing lasts only 1/3, 1/2 or 2/3rds the down cycle?** I can't rule out 1400 on the SPX but I can say if that happens GOLD will be at 2k. The only case I can make for equities going that high is in a bad case of inflation...when your purchasing power is cut in half...but hey your 401k doubled. Net change? But that's besides the point, inflation is still a WAYS away.
Some other tard furthered Lazlo's belief by saying 'There is tremendous opportunity if the economic indicators improve". Well no shit, Sherlock. If Frogs had wings . . . I'm pretty sure economic indicators will improve. We will see GDP overstated and unemployement understated. We'll see all sorts of "confidence boosters". Eventually things work themself out though. Keep a close look at average hours worked, number of full-time to part-time changes and other non-headline numbers.
I wonder if they chauffeur some of these guys in on the Short Bus...
**Edit: Fibonacci in this context is referring to "Time Cycles" and not retracements. Ie, the duration of the rally in totality.
