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Post by peteetongman on Sept 20, 2013 11:35:23 GMT -5
Gina Martin Adams is sticking to her guns. The Wells Fargo strategist has been bearish on stocks all year, even as she watched the S&P 500 (^GSPC) add 21 percent. And on Thursday's " Futures Now ," Adams reiterated her call that the index would close out the year at 1,440. "Our target is based on fundamentals," Adams insisted. "We're basing our target on typical valuation measures, given the level of interest rates and also on earnings forecasts. And that's why our target is relatively low." In fact, "low" is somewhat of an understatement. Adams' target implies that the market will drop 16 percent in little more than three months, erasing everything that stocks gained after the year's first day of trading. This makes her one of the lone bears on the Street. finance.yahoo.com/news/stocks-plunge-wells-fargo-warns-112421641.html
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Post by fwiw2 on Sept 22, 2013 8:54:52 GMT -5
The stock markets are propped up by the Fed throwing a $trillion into the Wall St banks each year. It's a Phool's Paradise. When the Fed is forced to allow interest rates to seek equilibrium the Dow and Nasdaq will go into free fall.
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