Wednesday, April 3, 2013

Markets will dip then rise till end of the year

Even though the market could dip, the coming dip will be bought by investors and "celebrated".

I am fully expecting new all-time nominal highs in, for example, the S&P, into the 1,600s, once it has its first weekly close above 1,575. I think this should occur in the third quarter.

This bullishness will reign all the way until the end of the year when it will face increased scrutiny and pressure.

Global growth, especially from emerging markets will likely continue to disappoint, he said, adding that the transition from current Federal Reserve Chairman Ben Bernanke to his successor will likely disrupt proceedings.