Stocks were down early Monday as recent signs of progress on
debt limit talks reversed course over the weekend. Gladly at the
time of this writing the headlines are showing signs that we are
getting this back on track. With that shares are up about 1% from
the intraday lows.
For now, let's assume that DC was not in the equation. Meaning that
the government shutdown was over. And a debt deal came together
that would modestly lower future debt yet not really derail the
current economy (meaning exactly the kind of compromised deal that
DC is famous for without really solving the problem).
If the above were true, then how high could stocks get between now
and end of the year (12/31/13). Meaning throw out the highest level
you think the S&P 500 will achieve between now and New Years.
a) Today is as high as we will get. Its all downhill from here.
b) Make it to the previous highs of 1729 and that's it.
e) Name your level.
No matter what you pick, be sure to give your rationale for that
selection in the comments section below.
SPDR-DJ IND AVG (DIA): ETF Research Reports
ISHARS-R 2000 (IWM): ETF Research Reports
NASDAQ-100 SHRS (QQQ): ETF Research Reports
SPDR-SP 500 TR (SPY): ETF Research Reports
read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.