Market Predictions

ProForecasts for the week beginning, Sunday, November 8th, 2009


Collective-intelligence from the top sources

of financial market direction and stock recommendations to consider!

from Jeff Sonnenburg, Tucson, Arizona

DISCLAIMER: The information provided herein is for information purposes only. In no way should the listing of any security here be construed as financial advice. Past performance is no guarantee of future results. The buying and selling of securities involves risk and may not be suitable for everyone. Always consult your financial advisor.

I just want to give you all a chuckle at the beginning of ProForecasts by sharing that there is significant forecasts and recommendations for one stock to go DIFFERENT directions. SBUX (Starbucks) has major advisors on both sides. If a stock’s worthiness is really based on just pure logic, wouldn’t they agree on something, rofl.

>> Market Direction <<<

OVERALL MARKET DIRECTION from ProForecasts: (see disclaimer)

I know there would be a consolidation this week. I wouldn’t call it a correction since the DOW only 2.2% from 10,000. No matter what you call it, with a great move up past a significant number (10,000), it is healthy and expected to pull-back a bit. I forecast that the market may stay here this week but the next and permanent rise up will be within the next two or three weeks. I really forecast that 11,000 is in view.

As I’ve forecast for weeks already, the recession is over (some economic indicators reported that too this week) and the markets will head up significantly and then the economy will follow in about three months with a marginal increase little by little into 2011.

As I’ve forecast for about six weeks, the Housing market has bottomed and house prices will slowly go up from here. Also interest rates will go up quickly from here (was just reported to be the Feds new policy).

Unemployment will not really improve much until the middle of June 2010.

The US is no longer the super-power in any way. It will be clear very soon that China and Russia are taking that role. The dollar will be replaced as the world currency. Previous allies will align with other countries and the US will have more adversaries or at least non-allies slowly in 2010 and clearly by 2011.

STOCKS AND INVESTMENTS from at least two top or more advisors and ProForecasts:

Gold

(while it is up quite a bit from when I forecast it months ago, it still has a ways to go up)

QQQQ

(the tech sector will be one of the first to benefit from the continued bullish market)

Top investment recommendations from an aggregate of the top 100 investment blogs:

China

Canadian Dollar

Africa

Gold

Renewables

STOCKS AND INVESTMENTS from at least two top or more advisors:

AAPL, BIDU, RIMM

STOCKS AND INVESTMENTS from one top advisor:

AIRM, CITC, CVX, ENOC, MFW, NOC, PEET, Q, RAS, RX, S, TWC