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“Downside surprises should become the norm” The Wave Principle’s basic pattern includes five waves in the direction of the larger trend, followed by three corrective waves, as illustrated in both bull and bear markets below: You probably recall the bursting of the dot-com bubble when the tech-heavy Nasdaq 100 plummeted 78% between March 2000 and… Read more Tech Stocks and the Dot-com “Echo” |
Month: June 2022
J.P. Morgan Hurricane Warning
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Economic “Hurricane”: Here’s a Take on a Bank CEO’s Warning Here’s what reached a nadir as the war in Ukraine broke out On June 1, a CNBC headline said: [Major bank CEO] says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war Yes, the U.S. central bank is engaging in so-called… Read more J.P. Morgan Hurricane Warning |
Stock Market is the Leading Indicator
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Why the Timing of the Next Economic Slump May Surprise — Big Time “The stock market leads GDP,” not the other way around Do you recall how many government officials, economists or bankers anticipated the severity of the “Great Recession” before late 2007 into 2009? Do you recall even one? If a name doesn’t come… Read more Stock Market is the Leading Indicator |
Scary Part Just Ahead
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Stocks: Is the Really Scary Part Just Ahead? Here’s one of the actions which investors take when they get “rattled” Big daily selloffs have occurred since the stock market’s downtrend began in January. For instance, on May 18, the Dow Industrials closed lower by 1,161 points — a 3.6% drop. The S&P 500 shed 4%… Read more Scary Part Just Ahead |