The significant correction, which I predicted in my January 15, 2010, post “The Era of Consumerism has Ended” is now underway. My rationale for my prediction one week ago was because the major market indices had climbed back to their pre crash levels and bullish sentiment had hit its highest levels since February of 2010.
Written by Dino Romano on
January 25, 2010 – 12:42 am
With the change in the winds of regulatory reform for the banks and financials I expect that 2010 will be a particularly brutal year for the stock market and the major indices including the Dow 30 and the S&P 500. I also predict that the highs for the Dow 30 and S&P 500 that were [...]
Republican Scott Brown’s victory in the Massachusetts special election for the Senate seat vacated by the death of Teddy Kennedy has invigorated the Bear market and the U.S. Dollar. The reason why is because with his victory the U.S. republican party now has a sufficient number of votes to block any new legislation that could [...]
The market has climbed back to its pre crash 2008 levels and all appears well. However, there is great risk in the global stock markets. The probability of the market being much lower by the end of 2010 is due to the following reasons:
Consumers are not borrowing and spending. Consumer borrowing for December fell at [...]
Written by Michael Markowski on
January 25, 2010 – 2:01 pm
