News, analysis and personal reflections on the markets & the financial sector

Wednesday, October 5, 2011

Tom DeMark Oct. 5 on U.S. Stocks, Gold and Oil

Oct. 5 (Bloomberg) -- Tom DeMark, founder of Market Studies LLC and creator of indicators for identifying turning points in securities, talks about the outlook for U.S. equities, the gold market and oil prices.

DeMark said a 3.8 percent rally tomorrow in the Standard & Poor’s 500 Index would create a pattern that may result in a “sharp decline” a day later. He speaks with Adam Johnson on Bloomberg Television's "Street Smart."

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