S&P 500: How Long Can This Go On?

The S&P 500 is testing the 2550-2600 level for the 6th time this year. How long does this go on?

Poll: When Does Support Break?

  1. Dude, this is it.
  2. Sorry bears, It's a permanently low bottom.
  3. First quarter of 2019
  4. Hold your horses, later in 2019

Mike "Mish" Shedlock

Comments (22)
No. 1-11
JonSellers
JonSellers

I'm thinking the Fed will decide. If the Fed raises rates and signals they'll keep doing it, it will break. If they signal they'll hold back, it will be the signal for the final run-up and blow-off top.

Ted R
Ted R

Stock market investors are finally coming to their senses and realizing that this market is overvalued by at least 75%. Greed and stupidity will get you every time!!!!! Every single time. I have no sympathy for any of them.

Bam_Man
Bam_Man

Da ship be sinkin'

thimk
thimk

A trump tweet will resuscitate

bradw2k
bradw2k

My guess: Santa rally starts by Christmas, and there will be much rejoicing. But it won't last, the bear is woke.