DAX recently passed its May 2011 high of 7600. It's now ~14%
away from its Jul 2007 high of 8105 while the S&P500 and DJIA
are ~7% and ~6% away from their Oct 2007 highs respectively.
--
From here the S&P500 has scope to move to the 1500-1510
resistance area. Even though currently only 7% away from the 2007
high, may see another major correction before it gets there.
--
Can't see congress sabotaging the economy and crashing
domestic and world markets by denying the USGovt the ability to
cover its deficit spending through expansion of debt. Another 11th
hour deal over the debt ceiling?
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DAX and S&P500 in a race to be the first major index to reclaim 2007 highs
Posted by rixx on 7th of Jan 2013 at 08:38 am
DAX recently passed its May 2011 high of 7600. It's now ~14% away from its Jul 2007 high of 8105 while the S&P500 and DJIA are ~7% and ~6% away from their Oct 2007 highs respectively.
--
From here the S&P500 has scope to move to the 1500-1510 resistance area. Even though currently only 7% away from the 2007 high, may see another major correction before it gets there.
--
Can't see congress sabotaging the economy and crashing domestic and world markets by denying the USGovt the ability to cover its deficit spending through expansion of debt. Another 11th hour deal over the debt ceiling?