Thursday , 28 March 2024

Pento: Markets Will Fall Significantly This Summer – Here's Why

Investors are being told that the worsening sovereign debt crisis in Europe will leave the U.S. economy unscathed….[because,] since we don’t make many things to export to Europe, our GDP won’t suffer a significant decline at all…. What [has been] conveniently overlooked, [however’] is the fact that 40% of S&P 500 earnings are derived from foreign economies and the seventeen countries that make up the Eurozone have collapsed into recession. [Let me explain what effect that will have on the performance of the S&P 500 this summer.] Words: 325

So says Michael Pento (www.PentoPort.com) in edited excerpts from a King World News interview, as provided by Lorimer wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in its entirety in any re-posting to avoid copyright infringement.

Pento goes on to say, in part [the interview can be read in its entirety here]:

Many European economies will suffer massive inflation and sovereign default — just as was the case in Greece — within the next two years. That wouldn’t be so bad if EU (17) wasn’t the second biggest economy on the planet. Recent data points illustrate that the worsening recession in Europe will continue to bring down global GDP…[and that] global slowdown will put further pressure on the U.S. economy and the earnings of multi-national corporations.

Automatic Delivery Available! If you enjoy this site and would like to have every article sent automatically to you then go HERE and sign up to receive Your Daily Intelligence Report. We provide an easy “unsubscribe” feature should you decide to opt out at any time.

Pass it ON: Tell your friends and co-workers about us! We think munKNEE.com is one of the highest quality (content and presentation) financial sites on the internet and our current readers seem to be confirming that. Visits have been doubling yearly and pages-per-visit and time-on-site continue to reach record highs.

munKNEE should be in everybody’s inbox and MONEY in everybody’s wallet!

Related Articles:

1. Charles Nenner: Dow to Peak in 2012 and Then Decline to 5,000!

stock-market-tsunami

Charles Nenner has been accurately predicting movements in the liquid markets for more than 25 years, and his most recent cycle analysis predicts that the current stock market rally is going to last through Q2 and then begin a major descent in 2013 – with the Dow eventually reaching 5,000! Read on to learn how Nenner’s unique system works and what he forecasts for commodities, currencies, bonds, interest rates and more. Words: 400

2. We’re at the “Beginning of the End” for the Markets – Here’s Why

investing

We are now at the mercy of oil and the commodity markets. Bernanke’s plan to print our way to prosperity is destined to fail. Ultimately, he is just going to spike inflation and collapse the global economy, resulting in a worse downturn than what we saw in 2008/09. Let me explain. Words: 510

3. Ignore Guru Opinions: 66% Get It WRONG More Than 50% of the Time! Here’s How They Compare

Fed-forecast

Can experts, whether self-proclaimed or endorsed by others (publications), provide reliable stock market timing guidance? Do some experts clearly show better intuition about overall market direction than others? [NO is the answer to the first question and YES to the second. Let us explain how we came to those conclusions.] Words:360

4. The Bull Market In Equities is NOT Over! Here’s Why

investing

In spite of all the bearishness out there – the S&P 500 falling to 1,000 (David Tice),the market is overbought (John Hussman), its looking like the bear market of 2011 all over again (David Rosenberg), for example – I tend to disagree for 4 fundamental reasons. Let me explain. Words: 595

5. NOW Is the Time to Get Out of the Stock Market! Here’s Why

economy-down

With the S&P 500 at its highest level since the summer of 2008, investors previously sidelined by reoccurring fears of a double dip recession and nagging worries about a disorderly Greek default may now be tempted to hold their noses and dive into the market where, presumably, they will be swept along to the land of outsized profits by the Dow 13,000 wave. Having said this, it is worth noting that often the best time to sell is when everyone else is buying. Now may be that time. [Let me explain.] Words: 885

6. S&P 500 Should Continue Climbing Until October and Then Decline 15-30%! – Here’s Why

investing

At the end of November 2011 the U.S. behavioral indicator for the U.S. stock market, based on insights on investor psychology, touched the crisis threshold for the fifth time (1971,1979, 1986, 2006) since 1970. If the current case follows the four prior cases, we expect a similar positive return from November 2011 to the end of October 2012 as in the four prior periods followed by a decline somewhere between 15% and 30%. [Let me explain.] Words: 317

7. Fractal Analysis Suggests Dow Could Drop to 6,000 in 2012 and Gold Take Off Like It In 1979

investing3

[While] I do not prescribe to the 2012 end of the world or end of an era phenomenon, my recent fractal (pattern) analysis of the Dow suggests that it is forming a similar pattern to that which was formed in the late 60s to early 70s and if this pattern continues in a similar manner…the Dow could indeed have an annus horribilis (horrible year) in 2012. Let me explain. Words: 1416

8. What Does 2012, as an Election Year, Mean for Stock Market Returns? Here Are the Facts

stockmarket

Next year is a Presidential election year, and the stock market is almost always positive in election years. Right? At least that assurance has been a supposed truism for many decades, and repeated as fact each year in numerous interviews and financial columns. [Let’s explore just how correct those assumptions really are.] Words: 367

9. What Do the Presidential and Decennial Cycles Infer Will Happen in 2012?

Should we jump into the market now? [Let’s take a look at the 178 year history of the 4-year Presidential Cycles and the Decennial (10-year) Cycles and see what they suggest might well unfold in 2012.] Words: 1174