Again from SentimenTrader
This calls for a short term bullish signal
It is saying that stocks are undervalued compared to bonds
It may be possible that this year we may see a new high in SPX
I think it could be near 1350-1375 range or so
Max 1400 I would say
But in my view SPX will not be near 2007 high of 1540+ish
So in short term - in next 3 months - may be we may see a rally in SPX to complete the last step of the final peak
From then onwards - SPX should head lower in 2012
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