In his Monthly Insights for September, Jim O’Neill, Chairman Goldman Sachs Asset Management is out with a revised forecast for leading economies of the world: We revised down our UK growth forecast for 2012 to -0.2%, from 0.2%, in line with consensus. We made two downward revisions in the BRICs. For China, we reduced our…
R.N. Elliott’s other major insight: News events do not impact market price patterns A lot of people know that R.N. Elliott discovered the Wave Principle. Yet few are aware that Elliott made another observation during his years of studying the stock market. As the Wave Principle forecasts the different phases or segments of a cycle,…
The tech bellwether, Intel has had some tough trading days in the last few weeks. In My 2012, INTC made an eight year high of 29.27. Since then it has been downhill for the semiconductor behemoth. First, the news came in August that Warren Buffet’s Berkshire Hathaway had dropped its Intel stake. Berkshire shed all…
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