Recession in 2007? - Jack Schannep, the Schannep Timing Indicator newsletter

Jack Schannep, editor of the Schannep Timing Indicator newsletter, explains that the broadening out of the burst real estate bubble is indeed occurring in late 2006. Read this featured expert’s “Bottom Line” commentary and find out what he has to say about the home building slump and auto sales. BOTTOM LINE: from December 1 Jack Schannep and his team have been on a “bull market top and recession watch” since this last up-leg began this summer because of the status of Schannep and his team’s “Three Tops and a Tumble”. Since then the home building slump has gotten worse faster than most predicted. Two weeks ago, Standard and Poors estimated that housing starts would drop to 1,500,000 in early ’07 from the then current 1,740,000. Actually, the very next day they were reported to be only 1,486,000. This past Monday the Wall Street Journal wrote “How Housing Slump is Risk to Big Three Rebound” and that “an increasing number of forecasts say (auto) sales could fall next year to their lowest level in nearly a decade.” So the broadening out of the burst real estate bubble is indeed occurring in late 2006. Jack Schannep, who deals in Spiders (SPY), Diamonds (DIA) and the iShares NYSE Composite Index (NYC), expects we’ll see more evidence of an approaching recession as the new year progresses. This article highlights the commentary of Jack Schannep for the Zacks.com audience. Jack Schannep provides insightful analysis, market commentary, and favorite recommendations on a timely basis in "Schannep Timing Indicator & theDowTheory" newsletter. Try it free for 30 days and see if you can improve your investment performance. Learn more about "Schannep Timing Indicator & theDowTheory" and 30-Day Free Trial. And get immediate access to current issues and special reports. Click here now. Here’s How You Can Profit from the Pros Find out what other leading experts are saying about the market. And what stocks they are recommending. For free. Just sign up for our free email newsletter, Profit from the Pros, where we’ll give you the commentary, advice, and insight from those rare few experts who consistently beat the market year in, year out. | Blog Home| VitalStocks Home