GARY ON SOMEONE CALLING FOR A BIG UP MOVE FROM HERE!

9/2/2014

TRANSCRIPT:

GARY: Since we have recently discussed a few people saying the market was going to crash, we needed to also take issue with the other side…so:

Morgan Stanley strategist Adam Parker and economist Ellen Zentner believe that the conditions are just right for the bull market to keep going for years.

“Our best guess is that an S&P 500 peak of near 3000 is possible!”

This is a guess for 5 years down the road. They basically went on to say that everything is lined up for this to occur. I will not belabor their points because it doesn’t matter. To think that someone can extrapolate today into 5 years from now…good luck. I am here just to make the point just like a Harry Dent calls for 3000-5000 Dow, we want you to ignore both. I have news for you. The market is going to do whatever it wants to do regardless of what anyone thinks. There are just too many variables that can come up to change the playing field. Just realize, most outrageous bear calls come during bear markets and the most outrageous bull calls come during bull markets. Remember DOW 36,000? Wall Street is littered with people who come out with predictions that are far and away from the norm. As usual, my favorite line is that I do not know what I am even going to eat tonight…let alone 5 years from now. JUST WATCH THE MARKET.