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e-Market Newsletter>
Stock Market Continued Neg. Outlook
February 9, 2009
February 9, 2009
Hello from The Astute Investor:
I called the market top on January 12, 2008 when the S&P 500 Index closed at 1401, please see my e-Market Letter on my website www.theastuteinvestor.net As of the end of trading today, the S&P 500 Index closed at 870, a negative – 38 percent decline.
FORECAST: What stage is the stock market currently in and what can we expect in the future?
The stock market remains in Stage 1: Mark-Down – Downtrend. The market is expected to retest the November 20, 2008 market closing low of 752 on the S&P 500 Index and break through that level for another leg down.
Best Positions:
Investors: long equities vs. cash? Answer: remain in cash.
Speculators: long vs. short equities? Answer: remain short equities.
Upcoming Seminars: http://www.llu.com/sdc/group_classes_llu.html?classgroup=3843
Stock Market Investing Like A Pro, Tuesday February 17, 2009, 6:45 p.m. to 9:30 p.m.
Stock Market Speculating Like A Pro, Tuesday March 17, 2009, 6:45 p.m. to 9:30 p.m.
All the best,
Eric L. Prentis
All comments are the considered judgment and opinion of the author.
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