Profile image
By Money Morning (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

My 2017 Stock Outlook Offers Something You Won’t Get Anywhere Else

Tuesday, January 10, 2017 3:25
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Money Morning Members who’ve been with us a while will remember my 2016 Forecast, when I called for the S&P 500 to drop 10% to 15% and predicted Marco Rubio would be headed to the White House.

Well, stocks hit my predicted target in the first month of 2016… and then spent the rest of the year recovering and rallying until well after the election Donald Trump won.

That’s a fancy way of saying I was wrong, by a long shot. Now, in my free service alone, I made 14 very profitable long and short stock recommendations. But instead of the crash I expected and markets frankly deserved, we got an endless rally, albeit one totally divorced from economic fundamentals.

Investors shrugged off Brexit, Donald Trump, and the Italian constitutional referendum; disguise wholesale capital destruction as “stimulus,” distribute it cheap-as-free worldwide, and you’ve got one helluva market drug. 

That said, I may be the only guy currently in financial media who can honestly and freely admit that he was wrong. I’ve never shied away from making tough calls and holding people (including yours truly) accountable.

That’s always been true, and that’s the one thing that won’t change in 2017.

Stocks, on the other hand, are in for quite a year. And passive, complacent investors could have a very rough time. I’ll give it to you straight, right now, in my official outlook…

Tags: trading strategies

To get full access to all Money Morning content, click here

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

The post My 2017 Stock Outlook Offers Something You Won’t Get Anywhere Else appeared first on Money Morning – We Make Investing Profitable.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.