Archive for July, 2016

Stocks To Go Higher – June 2016

July 5, 2016

A very well-defined stock prediction in the wake of stocks’ rise after the Brexit “hiccup”.

Here it is:

One of Wall Street’s biggest bulls says stocks could skyrocket as much as 20 percent over the coming months due to an unusual event, one that has only been seen twice in the last 65 years until now.

Here’s what happened: On June 28 and June 29, 90 percent of the New York Stock Exchange (NYSE) volume was positive. Canaccord Genuity chief investment strategist Tony Dwyer said the combination of historical precedent and fundamental backdrop suggests a 15 to 20 percent upside over the next 6-12 months.

This of course contradicts a prediction I made regarding S&P 500. My prediction has already proved false, yet the jist of it, that stocks will suffer a correction “imminently”, still stands.