S&P 1250 or 1300
The market is seeminly locked in a no-man’s land where the economic soft spot is offset by the belief that if it doesn’t get better, Bernanke will step to the plate. My belief remains that it will take S&P 1185 to scare Ben.
The dollar’s upside breakout will be a function of the Obama administration holding fast to rebuilding the middle class and re-balancing the tax load to the upper class which has eroded since the early 80’s. If Obama caves in to Kantor, kiss the dollar goodby.