Tom Demark, founder of Market Studies LLC, made waves in late January when he said the S&P would decline 10%. Most investors called it preposterous at the time, however, as the events in the Middle East worsen Demark’s prediction doesn’t look so bad anymore. He visited CNBC the other day to update his outlook. Demark, whose research is tracked by many of Wall Street’s largest hedge funds, says the market is seeing a “perfect storm” of bad fundamentals and bad technicals. He ultimately sees the S&P revisiting 1200.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.