The Shark Tank: How High the Indices?

 | Mar 01, 2012 | 4:00 PM EST
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The comments section of James "Rev Shark" DePorre's column is an open and active forum where subscribers exchange investment ideas and tips. Here's a sample of what they shared today:

ultraphoenix 09:53 AM

whatever anxieties the market had yesterday afternoon, it seemed to have found the chill pill for now. The march continues into march.

beaky 09:57 AM

2 months ago i posted my chart read that SPX through 1350 indicated SPX1600, looks more like 1500

BillT 10:34 AM

proof to me that this bull move is mostly on liquidity ... ISM number weak and we rally again. Hard to fight the fed but this will have to end some day

SpeedSkt1 11:01 AM

Bearish ... if you're bearish or short on today's action ... what more are you hoping for? Bad ISM number ... AAPL red ... stocks still hold opening gap ... and I say this as someone looking to sell into 1390 ... gotta be long now though ... P/C ratio high again

Revshark 01:25 PM

buy programs kicking in. Machines are at work.

Treejep 01:27 PM

crazy day, indeed.

ultraphoenix 01:30 PM

Dow 13k! Again! Woo Hoo!

ultraphoenix 02:01 PM

watching this market go up and up and up is a bit tiring.

Revshark 02:15 PM

so far this week , CNBC guests have predicted Dow 20k, S&P 1700, and $aapl 1000.

BillT in reply to Revshark

I have to agree with Helene ... when everyone talks about AAPL being bigger than countries, that is a problem. I wouldn't short it though for one reason ... its PE. Next week should be interesting as beg of month flows w/ be over and we are up here in the 1370s SPX

Owen Haddock in reply to BillT

On Fast Money, Grasso was saying as long as the market's above 1370, its likely to hit 1400? Another says above 1374, it'll go as high as 1383? As posted earlier, there's really no way to know market potential. Staying in Cash

Columnist Conversations

we like this chart here, it appears ready to move higher. BOUGHT BZUN OCT 35 CALL AT 3.40
Large-cap, high-quality McKesson (MCK) is too cheap now, at $147.51 or so. The stock hit $243.60 more than 2.5...
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