STUNNING! US ‘Recoveries’ Keep Getting Worse And Worse, Stock Market Collapse Called By WELLS FARGO!
September 20th, 2013
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.
Here’s A Depressing Chart That Shows How US ‘Recoveries’ Keep Getting Worse And Worse
“If future U.S. downturns are to be more long-lived than pre-1990 recessions, then the nature of fiscal policy responses should likely be revisited,” they write. ”If ‘timely, targeted and temporary’ remains the mantra of future stimulus measures, then Amerisclerosis may not be so far away.”