Bull Powering Through Global Tensions
by Bradley Voight on 04/02/14I said in my 2014 economic forecast that the S&P would finish the year at 2110 along with some other bold predictions. I also said my bullish forecast was only to come true if global tensions remained in check. Well la-ti-da we are right back in the cold war, Egypt is in chaos along with Turkey and Argentina, and lest we forget our nuclear nemesis in North Korea rattling his saber. What about Syria? It's out of the headlines but far from being solved. So the markets are tanking right? Incredibly the S&P hit yet another record high of 1885.52. I am sticking with my number of 2110 by years end again, contingent on the hot spots not kindling into full fledged firestorms.
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