Welcome to 2012, let’s hope the Mayans and most financial predictions prove to be wrong.
Wherever you look, it’s Europe is about to explode, China’s economy is about to crash land, Iran has the bomb and is threatening to shut down the Strait of Hormuz, the U.S. is headed for recession during a contentious election year, the stock market is going to bomb and many other doomsday forecasts.
Apparently, optimism was in short-supply at the close of 2011. Top Equity News isn’t contrarian for the sake of being different; however, we have been around long enough to know that conventional wisdom is frequently incorrect.
Outside of the perma-bulls who project double-digit returns every new year, it’s hard to find “2012 is going to be great” analysis from any reputable market-mind. If all of Wall Street’s eyes are focused on the negative, then only positive developments can surprise.
It’s the clich? wall or worry that investors need climb that creates bull markets. Here’s to the Mayans and stock market “gurus” getting it wrong in the year ahead.
As TEN Mentioned last week, the NASDAQ is coming to the point of an arrow or sideways triangle pattern to start the year. What follows next is usually a BIG move in the direction of the break out/down.
If the index rallies hard beyond the red boundary, then the January-effect could be in full-effect. On the other hand, fall, and the glass half-empty types will get more face time on CNBC.
Unlike of fortune-telling financial peers, Top Equity won’t get involved in guessing which direction the market is going to choose. Instead, we will wait for it to pick a side and react accordingly from there.
Stock Market Trends: Waiting is the Hardest Part is an article from: 
