On December 23rd, I posted this super bull scenario in which I said that it is possible for S&P 500 to trade at 1680 at the end of 2013. With convincing help from the market, I now firmly believe in my own prediction. Let's look at how it may play out. The chart below incorporates my view that this may be the second year in a row in which S&P 500 will not trade below the last year's close. But there may also be two bumps on the road - 7% and 9% pullbacks.
|click on chart to enlarge|