Where is the S&P heading from here?

Don't tell me what has happened in the past. Don't tell me what will happen in the future.

Just tell me what is happening, now.

That is rude, but that is the only way to get true answers from a stock trading guru. And, that is the way you should ask , if you happen to be fortunate enough to sit across Warren Buffett in the club house.

I know Mr. Buffett's answer. He will tell you that he does not know. Sure, why should he tell you?

OK. Where is the S&P heading from here?

I think it will be in a trading range of between 1040 and 1120.

To many people, that is still too  big a range to tolerate. But here is the guide line: When S&P is cloer to 1040, I think you should increase your stock portfolio . On the other hand, as it approaches 1120, you should add to your cash position.

I am talking about the time horizon of 1 month. I think the US economy will be under weak recovery. The stock swing? It is most decided by the price. When S&P is nearly 1040, America is a bargain. When S&P is 1120, I think there is enough risk to avert from America.