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2017: Year of Extremes

by Clif Droke
Financial Sense

Now that another New Year is upon us, it’s time to reflect on what the coming months might unfold. Normally when market analysts try their hand at predicting the year ahead it involves either wild guessing or linear extrapolation based on prevailing trends. I tend to eschew both methods and instead focus on comparing past events in comparable time frames. This method is based on something known as Kress cycle “echo” analysis and was pioneered by my late mentor, Samuel J. Kress.

The year 2016 was filled with ups and downs but was mainly a torpid year with stock prices stuck in a dull trading range for much of the spring and summer. It continued a theme of directionless and no progress from the prior year, which, combined with the after-effects of the preceding slow-growth years, culminated in a disaffected mindset on the part of the masses. The result was clearly seen in the outcome of the 2016 US presidential election.

Continue Reading at FinancialSense.com…

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