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Analyst Browne Is No Longer Bullish, Recommends Taking Profits

January is the time for predictions. The stock market is a favorite arena. Stock analyst Michael Browne of Sofaer Global Research has changed his stance on the U.S. stock market. Bank in March 2009, he accurately predicted the start of a bull move in stocks.

Now, however, he says the bull move is over and is recommending that investors take profits. When asked if he was bearish, he said: "Am I bearish? no, but I am no longer a bull."

Continue reading Analyst Browne Is No Longer Bullish, Recommends Taking Profits

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IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 27, 2012: 07:05 AM

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