Dow to Reach New All-time High of 18500+ by End of April 2016, Says Self-Made Millionaire Trader/Investor Vince Stanzione
With his impeccable track record, reclusive trader Vince Stanzione predicts market low will be made before end of September
MALLORCA, Spain, Sept. 22, 2015 /PRNewswire/ -- Considering the current market, it takes a confident individual to see optimism on Wall Street. However, self-made multi-millionaire trader and investor Vince Stanzione is calling for the Dow Jones to make a new all-time high by the end of the first quarter of 2016, taking out the all-time high of 18300 reached in May 2015.
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"I see great opportunities for those brave enough to step up and invest now," explains Stanzione, author of the New York Times and USA Today bestseller The Millionaire Dropout. "I've had years of success swimming against the tide, and I've found that the greatest opportunities are found by venturing outside the confines of conventional wisdom."
When the Dow was at 10500 in September 2011, Stanzione successfully predicted it would reach 14200 by March of 2013. Then, in September 2012, with oil at over $115, he predicted the crash to $50. In November 2012 after the U.S. elections, Stanzione reiterated that the re-election of President Barack Obama would have a positive impact on stocks.
"Others have hijacked my market calls, claiming they had predicted the oil crash," says Stanzione. "If so, why are they wearing a suit commuting into Wall Street, and I'm sitting in a seaside multi-million dollar mansion? I suppose they enjoying commuting into the chaotic Wall Street and appearing on Business TV."
Before observers dismiss his call as "Wall Street propaganda," Stanzione asserts an impeccable independent track record; he makes very few market calls and prefers to avoid the Wall Street limelight. "I'd rather be 3,900 miles away from Wall Street, ignoring the day-to-day market, walking my dog, Scooby Doo, on the beach, all while planning my next major trade," Stanzione laughs.
His market model, which tracks seasonality, dividend yields and sentiment, points to higher prices in the next 6 months and ultimately an all-time high for the Dow Jones Industrial Average before April 2016. The U.S. bull market is not over, and his model calls for stocks to be 14% higher than recent levels.
Stanzione has had great success in investing in tobacco, beverages, Biotech and fast food stocks. He has also profited from the banking and housing crisis; however, he is now more optimistic on U.S. housing stocks, predicting a good 2016.
"Many chasing emerging markets would be better investing closer to home and getting international exposure via well-known household brand," explains Stanzione. "I'm bearish on China, especially the financial services sector, but the U.S. is well-insulated from a slowdown in China. You would be foolish to bet against the U.S. in the next 6 to 12 months."
Closer to his home in Europe, he does see some opportunities and believes Italian stocks offer value; this can be backed with the EWI ETF.
About Vince Stanzione
Vince Stanzione is a self-made multi-millionaire based in Mallorca, Spain and trades his own funds mainly in currencies, stocks and commodities. He started out of school at 16 working as a runner in London.
As well as trading, he also teaches a small number of students and produced the bestselling course on Financial Spread Betting. He is also a New York Times bestselling author of The Millionaire Dropout: Fire Your Boss, Do What You Love & Reclaim Your Life published by Wiley.
For more information about Vince Stanzione, his predictions, and the courses he offers, visit: http://www.fintrader.net
LinkedIn: https://www.linkedin.com/in/vincestanzione
YouTube Channel: https://www.youtube.com/user/vincestanzione77
Twitter: @vince_stanzione
Media contact:
Vince Stanzione
44 07712 651777
SOURCE Vince Stanzione
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