Jim Stack: Reasons to Stay in the ‘Bullish Camp’

Filed in Bank Gold by on May 11, 2010 0 Comments

Filed under: Major Movement , Newsletters , S and P 500 , DJIA “Financial uncertainty creates nervous investors. And high levels of nervousness create overreaction or even outright panic,” says Jim Stack . Incidentally, the market historian and timer who beginning in 2007 accurately warned against the unwinding of a derivatives-based housing bubble. The money manager and editor of InvesTech Market Analyst also turned bullish just prior to the market lows in March 2009. And despite the recent market uncertainty, he continues to remain bullish. He explains, “A lot of the most recent volatility was trader-induced panic. We think it was a response to perceived goblins rather than credible smoke, let alone fire. What I care about is whether or not the blocks are still in place for a sustainable bull market and safe profits. Continue reading Jim Stack: Reasons to Stay in the ‘Bullish Camp’ Jim Stack: Reasons to Stay in the ‘Bullish Camp’ originally appeared on BloggingStocks on Tue, 11 May 2010 10:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

Jim Stack: Reasons to Stay in the ‘Bullish Camp’

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