“…there is sufficient bearishness among investors and stock advisors for the stock market to give us a meaningful rally from here. If I were short the stock market right now, I’d be covering my shorts.” says Michael Lombardi.
New York, NY (PRWEB) September 19, 2011
Profit Confidential, the popular stock market and economic e-letter, predicts today that the huge amount of bearish sentiment among stock advisors will propel stock prices higher.
According to Profit Confidential, “Stock advisors have left the bullish camp in droves and have jumped onto the bearish bandwagon. The bears are aggressively outnumbering the bulls…under this kind of action…the stock market usually rallies. Investors pulled big money out of the stock market in August. A recent CNN-sponsored poll says that almost half of Americans expect a depression within the next 12 months. Negativity is at extreme levels.”
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300.00 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
One of the lead contributors to Profit Confidential, Michael Lombardi, writes in the e-letter, “…there is sufficient bearishness among investors and stock advisors for the stock market to give us a meaningful rally from here. If I were short the stock market right now, I’d be covering my shorts.”
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.