By Elliott Wave International
EWI Chief Market Analyst Steven Hochberg talks with MarketWrap radio on May 10, 2012, about recent market action and where we are in the long-term trend, among many other topics.
Listen to Hochberg explain why using lagging economic indicators like earnings as a forecasting tool is like driving down the highway while looking in the rear-view mirror.
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When the markets were still going up at the beginning of 2012, were you warned that they would soon go down?
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This article was syndicated by Elliott Wave International and was originally published under the headline Listen: EWI’s Chief Analyst Hochberg Explains Recent Action in Stocks, U.S. Dollar and More. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.