Author Topic: Stocks are about to plunge, Wells Fargo warns  (Read 1121 times)

0 Members and 1 Guest are viewing this topic.

Offline kelee877

  • Dignitary
  • ****
  • Posts: 968
  • Karma: 17
  • Gender: Female
  • Bugged out already
  • Country: Canada
  • Location: Northern Ontairo
Stocks are about to plunge, Wells Fargo warns
« on: September 20, 2013, 01:22:09 PM »
The Wells Fargo strategist has been bearish on stocks all year, even as she watched the S&P 500 (^GSPC) add 21 percent. And on Thursday's " Futures Now ," Adams reiterated her call that the index would close out the year at 1,440.

"Our target is based on fundamentals," Adams insisted. "We're basing our target on typical valuation measures, given the level of interest rates and also on earnings forecasts. And that's why our target is relatively low."

In fact, "low" is somewhat of an understatement. Adams' target implies that the market will drop 16 percent in little more than three months, erasing everything that stocks gained after the year's first day of trading. This makes her one of the lone bears on the Street.

http://finance.yahoo.com/news/stocks-plunge-wells-fargo-warns-112421641.html
http://prepareforfuture2.forumotion.com/

In loving memory of my son Chris April 12 1985-June 19 2007

Offline icrcc

  • Meeting 2014
  • Pro Prepper
  • *
  • Posts: 3533
  • Karma: 32
  • Gender: Male
  • Husky Dog
    • Preparing For The Future
  • Country: Canada
  • Location: Northern Ontario
Re: Stocks are about to plunge, Wells Fargo warns
« Reply #1 on: September 20, 2013, 06:07:03 PM »
On the same note gold which rose quite noticeably on BBs announcement of no tapering of QE has now dropped quickly, one might say plunged, to pre announcement levels. There is a lot of volatility.
It may never happen. Best to be prepared just in case.

http://www.preparingforthefuture.org/index.php
http://ontariopreparedness.com/

Offline kelee877

  • Dignitary
  • ****
  • Posts: 968
  • Karma: 17
  • Gender: Female
  • Bugged out already
  • Country: Canada
  • Location: Northern Ontairo
Re: Stocks are about to plunge, Wells Fargo warns
« Reply #2 on: September 21, 2013, 07:31:22 AM »
This announcement of not tapering, is the clearest message so far recieved..the US is not doing good and the seen has been set..it looks on the surface like Bernanke and his group of elite have painted themselves in to a corner,but they have not..this is a well orchastrated plan to eliminate the middle class..as the rich get richer the poor get poorer..

http://prepareforfuture2.forumotion.com/

In loving memory of my son Chris April 12 1985-June 19 2007