Moraif: Trend Getting Worse

“Well we got off easy with the Dow closing down ‘only’ 600 points.

“So does this change my sell recommendation? No, it does not. If we have a global recession coming, I just don’t see the US economy being strong enough to pull everybody else out of it, rather I see them pulling us down with them. …

“What I do is watch the trends and when the trends turn negative that’s when I say it’s time to sell. The trends have definitely turned negative and I see this trend getting worse.”

— Excerpt contributed by Philip Robins

_____________________________________

Z-val: Ken Moraif
Via: Money Matters
Date: 8/24/15
Disposition: Long-Term Bearish
S&P 500 on 8/24/15: 1893
S&P 500 on 8/24/16: 2175
Change: +14.9%
Judgment: Wrong

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