Among other forecasts that proved timely, we predicted that the bear market rally that started in March 2009 would continue in 2011, and it did.
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New York, NY (PRWEB) January 01, 2012
Profit Confidential is starting the New Year with a record number of subscribers: 333,407. As a leading financial e-newsletter, Profit Confidential had a tremendously accurate 2011 year in forecasting.
Michael Lombardi, lead contributor to Profit Confidential, recapped the year that was 2011: “Among other forecasts that proved timely, we predicted that the bear market rally that started in March 2009 would continue in 2011, and it did.”
Profit Confidential not only forecasted the bear market rally, but also the subsequent sell-off. Lombardi writes, “We predicted that the stock market would start to fall at the beginning of May, and it did. From May 2, 2011, to October 4, 2011, the Dow Jones Industrial Average fell 2,472 points.”
When the market hit its low for the year in early October, Profit Confidential told its readers that stocks had fallen to bargain prices. Since that forecast, stocks have risen about 17%.
When many gave up on gold last year, Lombardi didn’t. “We were very bullish on gold throughout the year, and 2011 ended up being one of the best years ever for gold bullion.”
Writing in the year-end wrap-up in Profit Confidential, Lombardi says, “Happy Holidays to you and your family and best wishes for a safe, healthy and prosperous 2012.”
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 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%.
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.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.