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Profit Confidential Expert Reports: Stock Market Rally Over with Key Stock Indices Set for Massive DeclineNew York, NY, Nov 27, 2012 (PRWeb.com via COMTEX) -- In a recent Profit Confidential article, lead contributor and financial expert Michael Lombardi reports that key stock indices recently broke below their 200-day moving averages (MAs). He notes that, since mid-September, the Dow Jones Industrial Average has fallen 6.4%, the S&P 500 has declined 6.6%, and the NASDAQ Composite Index decreased 9.4%. According to Lombardi, these key stock indices are set for a massive decline and are signaling the end to the stock market rally that began in 2009. Lombardi notes that, fundamentally speaking, key stock indices are becoming weak at a quicker pace than some may have anticipated. "Companies that are constituents of these key stock indices are struggling to keep their earnings growth," says Lombardi. "Firms across different industries in the U.S. economy are showing concerns about current economic conditions and warning investors about possible hurdles along the way...earnings growth, the most important factor of a stock market rally, simply isn't there." In the article "Will Key Stock Indices Hold Their Ground ," Lombardi notes that from a technical analysis point of view, the key stock indices are quickly gaining momentum towards the downside. "Since the beginning of September, key stock indices in the U.S. economy have been generally trending lower," states Lombardi. "They gave up significant amounts of gains that were produced during the stock market rally in the summer of this year." Lombardi points out that the stock market rally that started in 2009 was driven by money printing, and he reasons that the market can only advance so much on monetary expansion alone. "Capital preservation is looking to be the best investment strategy right now. Key stock indices are entering very dangerous areas," concludes Lombardi. Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it "begged" its readers to get out of the housing market...before it plunged. Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%. To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com. Profit Confidential is Lombardi Publishing Corporation's free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com. Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi's current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six. Read the full story at http://www.prweb.com/releases/2012/11/prweb10173654.htm PRWeb.com |