Important Past Events
In October, 2007, The Dow Jones peaked at 14,279 and in November 2007 there was a development of a “sucker’s” rally; identified instantly by Michael Lombardi as a bear trap. And one year later, the Dow Jones Industrial Average slipped to 8,726.
Michael Lombardi, through his 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. This was a gain of 99%.
Michael’s Financial Predictions for 2013
Michael Lombardi predicts that the year 2013 will continue to assail America with financial hardships. He further says that ever since the early 2009, the U.S. dollar has been dropping down in value and that 2013 will have to witness acceleration of the same as the economy of the nation weakens and along with which the gold price will rise. It is a foregone conclusion that the Euro is done and that inflation will affect America for a decade hence. Also, he is of the view that 2013 will not be an easy year for the stock market.
Despite the various issues plaguing the U.S. economy, Michael Lombardi is confident that readers of his newsletters will gain information about how to protect their investments and gain profits even in the worst periods of the economic hardships of 2013.