Louise Yamada sees stocks below 2002 lows

Yesterday morning, I heard Louise Yamada on Tom Keene’s show on Bloomberg Radio giving her assessment that stocks may break below 2002 lows. I mentioned this in yesterday’s news round-up. But, now I have the audio for you as well.

Yamada is a much followed technical analyst so her opinion has weight. Since at least this summer she has been warning investors to use caution especially with regard to financials.

While many think technical analysis is little more than hocus pocus, she has been very prescient in her analyses. Below is the audio from yesterday plus links to two prior posts on her.

Enjoy.

Nov. 18 (Bloomberg) — Louise Yamada, managing director of Louise Yamada Technical Research Advisors, talks with Bloomberg’s Tom Keene and Ken Prewitt about the outlook for the U.S. stock market.

Yamada also discusses the duration of economic slowdown and investment advice. (Source: Bloomberg)

00:00 Outlook for stocks, duration of slowdown
07:57 Investment timing; process of “bottoming”
11:55 Outlook for dollar; economy, rescue plan
15:00 Utilities; investment advice; volatility

Running time 23:03

Source
Yamada Sees Growing Chance Stocks May Break 2002 Lows: Audio – Bloomberg