Jeffrey Hirsch, editor of the Stock Trader’s Almanac, says he expects the Dow Jones Industrial Average to reach 38,820 — well over triple its current levels — in a “super boom,” according to Bloomberg.
The Almanac compiles historical data to give investors insights into longstanding trends in the major market averages. Investors have Read More
Did you know that the market has triggered an unconfirmed Hindenburg Omen? Or that, although it’s early to know for sure, so far the September Effect has failed to take hold? Stock-market soothsayers have lately been pointing to all sorts of wild indicators, many of which seem based on the odd premise that past performance Read More
In a speech today in Jackson Hole, Wyo., Fed chairman Ben Bernanke said that the economy is a lot worse since the last time central bankers got together for their annual nature retreat and economic conference. Growth hasn’t picked up enough, the unemployment rate is still, um, excessive, and banks are still having Read More