New York, NY (PRWEB) October 26, 2011
Profit Confidential, the popular stock market and economic e-letter, predicts today that stock prices will move higher for the remainder of the year and that 2011 will be another winner for the stock market.
According to Profit Confidential, ?This summer, after several big days of 400- to 500-point drops in the Dow Jones Industrial index, many stock advisors and investors threw in the towel on the stock market.? As Profit Confidential has repeatedly told their readers, ??the stock market rarely follows what is expected of it. And that?s what the stock market has done; it?s failed to listen to forecasters and it just continues to climb the wall of worry higher ?
Profit Confidential says that, as the market moves higher, investor optimism will return and the bear market will have achieved its goal of bringing investors? confidence back?luring investors back into stocks. As Phase III of the bear market takes hold and stock prices start to fall, the Federal Reserve, will unleash QE3.
Michael Lombardi, a lead contributor to Profit Confidential, writes, ?A long-term bear market was started in October of 2007. Phase I of the bear market took stocks to a 12-year low on March 9, 2009. On March 9, 2009, we entered Phase II of the bear market?a period where stock prices move back up in a bear market rally so that investors are lured back into the stock market. We have yet to enter Phase III of the bear market; that?s when stocks go back down to their bear market low?in this case, 6,440 on the Dow Jones Industrial Average.?
Lombardi continues in Profit Confidential, ?As the market moves higher and investor optimism returns, the bear market will have achieved its goal of luring investors back into stocks. That?s when Phase III of the bear market will take hold and stock prices will start to fall.?
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $ 300 an ounce. In 2006, it ?begged? its readers to get out of the housing market…before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation?s free daily investment e-letter. Written by
financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
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