Money and Markets in the News
Money and Markets experts and analysts cover a broad range of financial topics and are frequently quoted and interviewed in the press.
03-02-09
Stock doom and gold boom
We could see stock market rallies in the near and long term. And I think the best thing to do is to sell those rallies, because the economy is going to serve up a big ol’ heaping plate of white-hot doom at least through 2012.
The good news is you can protect your portfolio and even profit handsomely. I’ll give you my picks. First, let’s look at five forces that I think will kill any real rally in the S&P 500.
Force #1 – The Banking Crisis Will Drag On
The International Monetary Fund keeps raising estimates on bank losses, but even its recent estimate of $2.2 trillion in losses is probably way behind the curve.
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