Stock Market Crash Prediction David Rosenberg, Ned Davis Research Says Mild Correction Likely
New York, NY – Davis Rosenberg says look out below with a stock market crash prediction. He states that the 50% retrace of the High in 2007 to the low in 2009 was completed at 1150 in January and a sharp down move is ahead.
“Now, since this is a technically-driven market, we are bound to get a 50% reversal of the bear market rally, which would take us to 912 on the S&P 500 — so keep your seatbelts on. We had been warning for a while that too much complacency had set in, and what happens when the market shoots up 70% without taking any serious break along the way? Investors tend to believe that we are into some sustainable new parabolic bull run.”
From David Rosenbergs lips to Gods ears.
Read More: seekingalpha.com/article/187125-david-rosenberg-s-p-900-here-we-come
Ned Davis Research says we are more than likely heading for a mild 10% correction in an overall bullish market. Any correction greater than 10% usually happens in the 6 to 18 months following a recessions end.
“Ned Davis Research reports that the odds of a 10% stock market correction, based on similar periods after the end of a recession and after such a big rally, is very high, estimated at 77%, based on historical market patterns in recoveries”
Read More: www.moneyshow.com/investing/articles.asp?aid=EDITOR-18928&iid=EDITOR
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