Prepare For Large Decline In Stocks, Next Year?
With the bulls and bears playing tug-of-war in an effort to control the market, we thought this might be a good time to talk with celebrated technical analyst Robert Prechter -- Elliot Wave International President - about what he sees in the charts.
And what he sees is alarming, to say the least.Prechter tells Fast Money, "we’re at a critical juncture of price and time," and all the bells are ringing on the negative side.
http://www.cnbc.com/id/34113591
Asian Stocks May Climb 30% Next Year on Growth, Baring Says
(Bloomberg) -- Asian stocks may advance as much as 30 percent next year as the “sweet spot” of low interest rates and accelerating economic and earnings growth persists, Baring Asset Management (Asia) Ltd. said.The MSCI Asia Pacific excluding Japan Index has surged 66 percent this year, set for its best annual performance in 16 years, as central banks from China to India slashed borrowing costs and implemented stimulus packages to bolster economies hurt by the global recession.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBPNTThnLaw4
Stocks Face 20% Correction if Rally Cracks: Strategist
The asset-price rally is running out of momentum and will soon crack, which could lead to a 30 percent correction in oil and a 20 percent correction in stocks, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC.com.
http://www.cnbc.com/id/34105897
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