Don’t bet on a summer rally this or any other yearOpinion: Advisers may say it’s a favorable time of year but don’t believe them
Uh oh! Fed exit may cause 20% stock drop: Boockvar
When the Federal Reserve ends its latest bond-buying quantitative easingprogram, stocks could drop 15 percent to 20 percent, said Peter Boockvar, chief market analyst at The Lindsey Group.That’s how much the market dropped when the Fed ended QE1 and QE2, Boockvar said in an interview on CNBC’s “Squawk Box.”“I think we’re going to see a repeat of that,” he said.
I have ‘sick feeling’ 25% crash is ahead: Acampora
Ralph
Acampora, who is often known as the godfather of technical analysis,
tends to be bullish on stocks. But on Thursday, as the major averages
all dropped more than 1 percent, he expressed a massively bearish view
on U.S. equities.On “Futures Now,” Acampora predicted that the S&P 500 would
drop “10, maybe 15 percent between now and maybe October,” but said it
would be much worse for small caps, mid-caps and tech stocks.“If you ask me about the Russell and the Nasdaq Composite and the S&P MidCap, I think you’re talking about 20, 25 percent. And I call it a stealth bear market going on.”
Last time S&P 500 fell 15% this took place, patterns look alike again! 
CLICK ON CHART TO ENLARGE
When was the last time the
S&P 500 fell 15%? It’s been three years! Speaking of three years,
three years ago this past week the Power of the Pattern shared that the
world was creating look alike bearish patterns at resistance. See here What happened after the post? By October of 2011, the S&P 500 was 15% lower.The above global 4-pack
reflects that these index’s are up against key resistance lines of
bearish rising wedges, as the applied volatility on the VIX is hitting
the lowest levels ever recorded (not shown).
CLICK ON CHART TO ENLARGE
The above chart reflects that 5
of the last 7 Mays, the Russell 2000 has reached a high and given back
some gains. At this time the Russell is breaking below support of this
bearish rising wedge.Can global markets break
resistance? Sure they can, anything is possible! These patterns do
suggest caution when it comes to portfolio construction until resistance
is taken out!
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Read more at http://investmentwatchblog.com/dont-bet-on-a-summer-rally-stock-market-to-drop-15-25/#0DrdkUHU1sQLDgV6.99
Read more at http://investmentwatchblog.com/dont-bet-on-a-summer-rally-stock-market-to-drop-15-25/#0DrdkUHU1sQLDgV6.99
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