Ask Anthony Mirhaydari: Where are stocks heading?
In the second episode of MSN Money's new video series 'Ask a Money Expert,' readers get to ask Mirhaydari where he thinks stocks are heading next and why.
Stocks have been sputtering all month as investors worry about the health of the global economy. MSN Money columnist Anthony Mirhaydari made a prescient call in an April 27 column, warning: "Investors, it's time to run and hide." In his most recent column, he describes the U.S. economy as a "black hole," where trillions in stimulus can't produce a healthy rate of growth (he has some ideas for how to get the economy back on track, too).
How was Mirhaydari able to call the recent turn in the market so accurately? Along with being an MSN Money columnist, he's also founder and publisher of The Edge, an investment advisory newsletter. Previously, he was a senior research analyst with Markman Capital Insight, an advisory and money management firm, and a business consulting analyst with Moss Adams focusing on the financial-services industry.
Now you have your chance to ask him about the market and stocks. Does he think they will stumble lower, or are we due for a crash? Perhaps he thinks the worst is over? Just leave your question in the comments section of this post or visit the MSN Money Facebook page. Please tell us the city or town where you live. Note that your name could be used in this video if you ask a question.
Next Tuesday, we’ll record Anthony answering your questions. On Thursday, we'll post the video and announce a topic for the following week's installment of "Ask a Money Expert" here on MSN Money.
This week's segment featured MSN Money columnist Jim Jubak:
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Anthony, your analyses tend to be on the technical side so rather than asking you to make predictions that would require a crystal ball I’ll ask you a question that I wouldn’t know how to answer technically.
Let’s imagine that you were asked to benchmark companies A,B,C competing for the same market and having the same market share today. If you were asked to determine which one would become the dominant one a year from now, what are the three primary factors you would look at?
You sent the industry THERE, now you go THERE and beg for money.
Who sent the industry THERE? It started no later than Reagan's admin.
The boomers are guilty of not tarring and feathering their parents for giving
their future to the Asians - perpetrators of the global-economy are traitors.
There is no 'competition' between labor that needs $30/hr to save and
labor that is happy with $2/hr because they are climbing out of the stone age
and can buy a home for $5,000, or because they are communist and will never
even purchase a home.
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[BRIEFING.COM] The major averages ended with solid gains as the S&P 500 rose 0.8%.
Stocks reached their highs one hour into the session and drifted near those levels into the afternoon. However, equities were rattled by a Financial Times story suggesting Federal Reserve Chairman Ben Bernanke is likely to discuss tapering at his Wednesday press conference.
Although the story reiterated the need for improved economic conditions, and did not contain any new revelations, the mere ... More
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