"It would shock me if we just busted through this area, especially considering the run we've had in recent months." Arbeter wrote. That's why he thinks we could see "a decent pullback in the coming weeks of 3% to 5%."...
"Arbeter predicted correctly that "we can get near or top the old highs in the first quarter of 2013." In his missive this week, he said he thinks we're still heading higher. "We do not think we are anywhere near a major, long-term high," he wrote. And Johnson maintains his price targets for the S&P of 1,700 this year and 2,000 in 2014. He says the coming pullback "may represent the single best buying opportunity this year."...
"So, no need to panic, folks, especially when so many of your fellow investors are still so glum -- even after four years of rallies and a 118% gain in the Dow from the 2009 lows."...
"So, if you've missed the rally, I wouldn't jump back in with both feet right now. But if you've stayed the course and made good profits in this bull market, I might take a little money off the table..."
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"Arbeter predicted correctly that "we can get near or top the old highs in the first quarter of 2013." In his missive this week, he said he thinks we're still heading higher. "We do not think we are anywhere near a major, long-term high," he wrote. And Johnson maintains his price targets for the S&P of 1,700 this year and 2,000 in 2014. He says the coming pullback "may represent the single best buying opportunity this year."...
"So, no need to panic, folks, especially when so many of your fellow investors are still so glum -- even after four years of rallies and a 118% gain in the Dow from the 2009 lows."...
"So, if you've missed the rally, I wouldn't jump back in with both feet right now. But if you've stayed the course and made good profits in this bull market, I might take a little money off the table..."
Click here to read full aricle