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December 30, 2022 SPONSORED AD Louis Navellier’s system has identified 18 stocks that rose 10,0
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[ETF Daily News]( December 30, 2022 SPONSORED AD [Wall Street Legend: The Top 11 Stocks for 2023]( Louis Navellierâs system has identified 18 stocks that rose 10,000% or higher... and more than 675 stocks that went up 100%... not to mention the No. 1 stock in the S&P 500 each and every year, for a decade, from 2012 to 2021. Now heâs releasing his list of the Top 11 stocks for 2023. [Click here to download this list for free]( [My Latest "Prediction" For 2023]( Back in March I posited the notion that the S&P 500 would need to fall to about 2,900 before all of the froth that the Federal Reserve had injected into the market through its various monetary stimulus programs dating back to the Great Recession had finally burned off. On Christmas Eve the S&P closed at 3844, which would put it 19% below its all-time high of 4,766 on December 27, 2021, or about a year to the day. In recent days some market prognosticators have been warning that the market is poised to fall another 20%, which would put the index at about 3,000, or slightly above my guesstimate. So do I feel vindicated, if that is the right word? No, and I hope Iâm wrong anyway. First, my guess was not a prediction, just a quick back-of-the-envelope calculation based on my assumption that the Fed was responsible for about half of the stock marketâs 600% gain between the March 2009 bottom of 683 and the time I made my comment. So, if we cut that 600% gain in half, that would reduce the S&Pâs gain to a still respectable 300%, or a little below 3,000. Not an educated estimate, maybe, but I thought a reasonable guessâa worst case scenario, if you will. Second, we donât know if these bears will turn out to be right. I hope theyâll be wrong. I now believe the Fed wonât have to drive the economy into the tank in order to get inflation down to where it wants it to be, probably in the 2.5% to 3% range. Remember, about two years, in what was considered to be a major... [Continue reading at INO.com]( ETF Daily News 1 Pennsylvania Plaza 39th Floor, New York, NY 10119 [Unsubscribe]( - [Unsubscribe Preferences](
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