Tag Archives: Jeff Sommer

Party Time?

The surge in stock prices around the world in the first quarter serves as a reminder that predicting market trends can be a frustrating business. Six months ago, the outlook for stock prices appeared to be fading from grim to grimmer: Politicians were wrangling unsuccessfully to craft a deficit reduction plan, Standard & Poor’s had […]

Selecting a Soothsayer!?

New York Times columnist Jeff Sommer, acknowledging recently that he found himself in a “buoyant mood” due to the steady rise in stock prices, sought out someone with a gloomier assessment of the financial markets to provide a counterweight to what he feared could be excessive optimism. He turned to Robert Prechter, a veteran market […]