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04:02 PM
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STUNNING! Stock market collapse called by WELLS FARGO!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 43914666:MV8yMzU5OTM2XzQwMzM2MDI4XzdBMUU4ODND] [quote:Mastabanna:MV8yMzU5OTM2XzQwMzM1NDc2X0Y1NkQ1NjRD] [quote:Ostria1:MV8yMzU5OTM2XzQwMzM1NDE4XzQ0OEZEQ0NE] and why DOW goes down today? any reason? the european market was mixed too [/quote] The fed came out today and said it could still taper its bond buying program at the end of October so the market reacted. It's pretty much BS and they will probably continue the QE but the markets aren't based on reality and over reacted. Here's a link to the feds statement: http://finance.yahoo.com/news/fed-could-taper-oct-depending-124609916.html [/quote] The threat of taper is a tool to control prices, stocks and bonds. a tool ! [/quote]
Original Message
The banks are admitting it and the media is now paying attention which is absolutely unprecedented. The depression is coming and now the big players are admitting it. Get ready folks its going to be a wild ride.
The Wells Fargo strategist has been bearish on stocks all year, even as she watched the S&P 500 (^GSPC) add 21 percent. And on Thursday's " Futures Now ," Adams reiterated her call that the index would close out the year at 1,440.
"Our target is based on fundamentals," Adams insisted. "We're basing our target on typical valuation measures, given the level of interest rates and also on earnings forecasts. And that's why our target is relatively low."
In fact, "low" is somewhat of an understatement. Adams' target implies that the market will drop 16 percent in little more than three months, erasing everything that stocks gained after the year's first day of trading. This makes her one of the lone bears on the Street.
link:
[
link to finance.yahoo.com
]
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