Ellen Chang has an exciting stock analysis to share with us. Take some precious moments of yours to read through.
The market could see a huge correction in a few months, says Dan Cook, senior market analyst at IG Markets.Investors are not buoyed by positive earnings reports, he says.“There’s still a lot of confusion in the market. We’re looking at a pretty positive earnings season overall, but as we saw (recently) it was basically ignored due to political conflicts and we’re likely to see more of that,” Cook said.Cook predicts there to be a 20 percent to 25 percent correction in the markets by April or May.“It wouldn’t surprise me to see a range of 8,800 to 9,000 on the Dow. There are a few individual stocks I like, but sector-by-sector, I’m definitely more bearish than what I am bullish,” he told CNBC.
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