“The fearless forecast for 2016 is that the Dow will hit 11,500. … “The reason I see the Dow falling to 11,500 is because I see a recession coming in the United States. In fact, I think we already are in it; it just has not been made official. Bear markets come with recessions, and […]
Category Archives: Z-vals
Spano: 1000-Point Drop Coming Soon
“The combination of investor skepticism, a slow economy and a Federal Reserve that keeps talking tough makes it very probable that we are going to get another thousand-point down day very soon. In fact, I am pretty sure we will get two or three within the same few weeks. … “I believe fear and emotional […]
Minerd: S&P to 2175 in Short Term
“The mantra now is that bad news may turn out to be good news for the markets. Over the past couple of weeks, policymakers around the world have indicated that should any kind of negative event roil the markets, central bankers are prepared to take some form of action or, in the case of the […]
Gordon: New Highs Within a Month
“I’ve gone back and compared this correction to the most comparable correction, which is 2011, and what you will notice is the two are tracking very closely,” said Todd Gordon of TradingAnalysis.com. “They both completed a double bottom, and the S&P has come back rather sharply, much like the 2011 recovery did. The only thing […]
Kass: Unattractive 12 Months Ahead
“The outlook for our global equity markets is ‘FUBAR.’ The consensus estimates for worldwide economic growth and profits are inflated. Valuations and market levels are overpriced — possibly meaningfully so. … “The markets, to quote my Grandma Koufax, are ‘in a (sour) pickle from Katz’s Delicatessen on Houston Street’ as the chasm between asset prices and […]
