Related Topics
Stocks , Investing
     

This Group Has NEVER Predicted a Down Stock Market Year

Guess what they are saying today

by Bob Stokes
Updated: January 04, 2019

As you probably know, stock market history shows that the main indexes have ended years higher more often than lower.

So, predicting that the stock market will end a given year in positive territory is not what you would call "sticking your neck out."

Indeed, the record shows that in the aggregate, Wall Street pundits have never predicted a down stock market year, at least not in the past century (Bloomberg, Dec. 31):

Wall Street strategists' ... perennial optimism about U.S. equities got bushwhacked by the worst fourth quarter in a decade. [Last] January, the group predicted the S&P 500 would end 2018 [with] an 8 percent gain. Instead, the benchmark index dropped 6 percent.

Big misses when stocks fall are a predictable outcome for strategists, who since the start of the century have never forecast a down year in U.S. equities.

By the same token, those who break from the crowd and make a bearish forecast are often labeled as peddlers of "gloom and doom."

Here's what the April 2018 Elliott Wave Theorist had to say:

At market tops, optimists are the true bearers of "gloom and doom." Heeding them will set you up to be destroyed financially, emotionally and perhaps even physically. ...

Of practical importance is the fact that if the expected bear market does not occur, you will not suffer except by making less money--in safe, interest-bearing instruments--than those who took risks. If the bear market does come to pass, and if you arrange your affairs so that you have survived and prospered, you will be in the extreme minority.

Elliott wave analysis helps you to make portfolio decisions that will place you in that "extreme minority."

Granted, going against the crowd is always hard to do.

Even after the worst December for the stock market since 1931, many pundits are reverting to the default bullish forecast, as this Dec. 31 CNBC headline attests:

Why 2019 could be very good for stocks, after the worst year in a decade

It's possible that 2019 could turn out to be a positive year for stocks.

But, before you make any "buy, sell or hold" decisions, learn what the Elliott wave model is revealing about the stock market's next big move.

You can enjoy unlimited access to our analysis and forecasts for a full 30 days, risk-free. Look below to learn more.


Why Do Many Investors LOSE Money in the Stock Market?

EWI founder Robert Prechter says one of the main reasons is ...

... That too many people make investment decisions based on the news of the day. In other words: They buy on good news and sell on bad news.

This happens especially at major market turns -- the worst time to make the mistake!

Learn what Elliott wave analysis is revealing about the stock market's current juncture, risk-free for 30 days.

Find out how to get instant access to our Financial Forecast Service by reading below ...

Here's How Your Financial Forecast Service Team Works to Prepare YOU For New Opportunities

Read This, And Then Let Us Show You FFS in Action, 100% Risk-Free

Your Financial Forecast Service team includes three of the best-known market analysts in the world – Robert Prechter, Steven Hochberg and Pete Kendall. If you are familiar with Elliott wave analysis, you know exactly who they are.

No other analysts in the world, anywhere, undertake the depth of research that goes into the Financial Forecast Service. Throughout the month, Bob, Steve and Pete sift through mountains of data, often studying 100 years of data or more. Why? Because a chart of the big, long term waves is the only way to know precisely where in the pattern we are today – and therefore, precisely where we are most likely to go next.

Here's what you get with the Financial Forecast Service, 100% Risk-Free for 30 days

Every Month

At the end of each month, your team of analysts gets together and lets the sparks fly. The result? The Elliott Wave Financial Forecast. It's just one of three essential parts of your Financial Forecast Service. When you get a new issue, you can be sure it contains the most critical information you must know about the markets this month.

Three Days Per Week

In addition, at the end of the U.S. trading session every Monday, Wednesday and Friday, your team updates its monthly analysis with the Short Term Update. In STU, they prepare you for the most likely price moves in the next 3-5 trading days.

Latest Research

Finally, once every month, Robert Prechter sends you his very latest research about Elliott waves in the markets and society. For 30+ years, The Elliott Wave Theorist has delivered more groundbreaking market research than any other publication on the planet. One month Bob might prepare you for a multi-year move in a market; the next he will deliver a jaw-dropping study that challenges everything you thought you knew about investing. Whatever he writes, it will help you hone your grasp of the psychology behind the markets – and give you an enormous advantage over other investors.


Prepare for Risks and Opportunities That Will Surprise Most Investors

See our eye-opening forecasts for stocks, bonds, gold, USD and more.

Risk-Free, Start Your Subscription Now

$59

for 1 month of unparalleled market insights