We're getting a better handle on where stock pries will be in March 2011. Right now, we're projecting that the average for the S&P 500 during this middle part of the month will fall into a range from 1272 to 1302, as the market reacts to ongoing turmoil in the Middle East and the impact of that political instability upon oil prices, which heavily weights against what so far continues to be a stock market showing improving fundamentals.
However, all bets are off if significant unrest spreads within Saudi Arabia, which would have the capability to significantly drive up oil prices.
Thank goodness we took the under in our previous forecast!
Labels: forecasting, SP 500
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