What a change few weeks can make? Just 5-6 weeks back, markets were collapsing and pundits were talking about possible recession coming and then come Oct 31, Japanese central bank started printing press to start printing yen. Suddenly market sentiment changed and all indexes are close to multi-year highs. So question is - what's next? Looking at historic patterns, holiday season has always been very good for markets. So I expect all clear to break some records and end the year on highs. In fact I would claim that DOW would break 18000 and S&P may touch (or come very close) to 2100. It may be little tougher for Nasdaq to break 5000 but you never know. So if don't do anything, you should expect 2-3% gain from here to year end. But having said that one could potentially start setting up for 2015. Here are some ideas with usual dis-claimers of watch out for risk. NFLX at $350 YELP at $55 SCTY below $50 SPWR below $27 CSIQ below $26 FEYE below $30 GILD below $96 BABA
Commentary about markets and investment ideas and some random thoughts!