Stock guru Robert Prechter isn’t impressed by the recent stock-market rally. He says the Dow Jones Industrial Average is headed down to 6,800, 44 percent below current levels.
Technical factors will drive the market down, Prechter, president of Elliott Wave International, tells Yahoo’s Tech Ticker.
Indicators show investors are excessively bullish on stocks, he says. [more]
Thursday, February 10, 2011
Based on his recent public comments, Fed Chairman Bernanke seems determined to give the U.S. dollar the reputation of Egypt’s Hosni Mubarak: an unwanted relic of the past that everyone agrees must go, but stubbornly clings to a privileged position. The dollar is currently the world’s ruling currency, but, as with Mubarak, I believe that growing public discontent will spur regime change quicker than most pundits expect. [more]
Sorry, can't embed (embed disable by request). Jerks.
I was watching Great Panther take off on the Canadian market today but couldn't figure out why it wasn't moving on CAPS until I checked out the Great Panther Website and read this: [more]