Wed, Mar 4, 2015, 8:20 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

SPDR S&P 500 ETF Message Board

  • hedge1fader hedge1fader Mar 29, 2013 1:08 PM Flag

    Analyst who called the bottom, now says in a video this is the top, and huge reversal sell off is in the works.

    Great Q1 for Stocks But ‘Tremendous Risk’ Lies Ahead: Elliott Wave’s Hochberg
    By Matt Nesto | Breakout – 4 hours ago
    Email
    Recommend15Tweet150
    Print

    "To the victor go the spoils," New York Senator William Marcy famously said of the benefits that come with winning elections. Right now, the spoils are clearly going to the prettiest girl at the dance, also known as the U.S. stock market, which is flirting with a record high and basking in the glory of its best first-quarter gain since 1998.
    Yet for all that victory, many investors are having a hard time embracing it, including Steve Hochberg, chief market analyst at Elliott Wave International, who says certain things are happening on the sidelines that are about to cause some real problems.
    "There are a lot of things going on in the periphery that we think are going to have consequences [for the stock market] as we move forward throughout the year," Hochberg says in the attached video. "I think there is tremendous risk in this market, and one of the reasons is because no one thinks so right now."

    Sentiment: Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • There will be a correction sometime. So far, by TA alone, everyone should be long.

    • Proctor, Dent and ones like them are nothing more than modern day snake oil salesmen. Try trading off of these guys and make any money. Dent published a book in the 90's touting dow 35000 and now apparently has one out touting Dow 3000 or 6000, or some such amount. Prector called a market top around 1988 as I recall and has been calling an end to the run since 2009 for over a year, only to be taken out by the relentlessness of this market. What these guys do is publish sensationalism, playing off people's emotions, wrapped in the guise of market analysis, and people buy it. I will give them this, they have mastered the art of pulling in suckers to free them of the weight of their money thru book and subscription services.

    • wanttobeamillionairefromstocks wanttobeamillionairefromstocks Mar 29, 2013 3:21 PM Flag

      To tell you the truth the top will be really in at around 1595 and considering stocks overshoot, we are looking at 1620 to 1630.
      However, I am hoping for early bear market here.

    • Note that the EWI guys have been calling a market top for several years now. They're wrong this time, too.

      • 1 Reply to loufah2
      • Actually, no. If you listen to the video, you'll see they called the bottom in March '09, and predicted a long bull run within the secular bear market. They admitted it has gone on longer than they thought.

        The thesis this guy presents is compelling, and he states his case with conviction. That doesn't mean he's right or wrong, it means he has a viable argument.

 
SPY
210.23-0.89(-0.42%)Mar 4 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.