Unless Europe can really get something done this seems like a very unlikely target.
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Must be annoying to have the same name as the buyout king of Snapple fame.
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I think low 1300s is obtainable by the last week in December. The printing press longs are going to hop into this rally only to have their t-shirts ripped off when 2012 is the worst year in the history of the stock market.
Thats my hypothesis anyways. As I’ve said all along, I look forward to shorting their strength.
kedzilla,
it is plausible, but the real factor is Europe.
if they have days to weeks like some say; and with no real resolution the target is impossible imo.
something has to occur in Europe or i feel equities are doomed.