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2016-05-12T00:00:00.000Z

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Sean Hyman

Editor of the Ultimate Wealth Report and Absolute Profits Newsletters

NewsMax

HQ Phone: (561) 686-1165

Email: s***@***.com

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NewsMax

560 VILLAGE BLVD

WEST PALM BEACH, Florida 33409

United States

Company Description

Founded in 1998 and based in West Palm Beach and Boca Raton Florida, Newsmax Media is a privately held television and online media organization. In addition to being the parent company that is launching Newsmax TV, its media holdings and products include ... more

Find other employees at this company (722)

Background Information

Employment History

CFDTrading.com

Senior Course Instructor

FXCM Inc.

Editor of The Currency Cross Trader Newsletter

World Currency Watch

Affiliations

Moderator
Daily FX

DailyFX Forum Moderator
Forex Company

Web References (189 Total References)


Home | Sean ...

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Home | Sean Hyman

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By Sean Hyman
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About the Author: Sean Hyman Sean Hyman is a member of the Newsmax Financial Brain Trust. Click Hereto read more of his articles. He is also the editor of Ultimate Wealth Report. Discover more byClicking Here Now.


Tags: Sean Hyman | plunge | ...

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Tags: Sean Hyman | plunge | stock market | investors

Sean Hyman: 50 Percent Plunge in Stock Market Is Possible
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The dollar has hit multi-year highs against a range of currencies in recent weeks, and the stock market continues to flirt with record highs, but Newsmax Finance insider Sean Hyman told Newsmax TVthat the trend won't last.
"I don't believe the dollar continues to be the place to be," he told the network's "America's Forum" show. "Somebody would be better off in euros, Australian dollars or things like that."
As for the stock market, "it's elevated right now," notes Hyman, author of "The Six Keys to Financial Success!"
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"It could happen," Hyman said. "Corrections are generally 10 percent, 20 percent or 30 percent. But we have had a couple of corrections - in 2000 and 20008 - that were on the tune of 40 percent, 50 percent."
Volatility has kicked up at times in recent months, "as the stock markets is getting high and the economy is not performing as well," Hyman said. "So there's a little bit of a decoupling of what markets have done versus what the economy has done."
GDP growth slowed to 2.2 percent in the fourth quarter from 5 percent in the third.
In addition, "we continue to stack up a lot of debts and the public sentiment is not as good as it used to be," Hyman said. "When you combine all this, you do get some extreme volatility, and we could see that later this year or early next year."
So what should we do as investors?
"I would invest in European markets, probably taper back some of your money in U.S. markets," Hyman said "Have you savings for later 2015, early 2016, and make sure you're living well below your means."
On the subject of President Obama's proposal to increase taxes on the wealthy, "that does not work," Hyman said. "One, there's not enough rich to go around. There's only so many that are in the rich class."
For the Obama administration to bring in the revenue it seeks, "they've got to bill it as taxing the rich and then come down and tax the middle class [too]," Hyman said.
But all this would mean big trouble. "That's just going to be horrible on our economy," he said.
"It's not the way to go. If anything, they need to work with businesses to repatriate capital back to the U.S. to add the jobs here. That's the way to go."
About Sean Hyman Sean Hyman is a member of the Newsmax Financial Brain Trust. Click Hereto read more of his articles. He is also the editor of Ultimate Wealth Report. Discover more byClicking Here Now.
Related Stories:
Sean Hyman to Newsmax TV: Fed Has Created Bubble in Stock Market Sean Hyman's Investment Strategy Dates Back 3,000 Years
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Sean Hyman: How to Build Your Fortune on Obama Administration Policies


By Sean ...

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About the Author: Sean Hyman Sean Hyman is a member of the Moneynews Financial Brain Trust. Click Hereto read more of his articles. He is also the editor of Ultimate Wealth Report. Discover more byClicking Here Now.


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Sean Hyman to Newsmax TV: Fed Likely to Wait Until Next Year to Raise Rates

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You can add Sean Hyman, editor of two Newsmax newsletters and a Moneynews Insider, to the list of those who expect the Federal Reserve to wait until next year to raise interest rates.
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Hyman noted that the dollar's strength was a contributor to the 1987 stock crash. "It still haunts people when the dollar gets overly strong like this and multinational foreign earnings come in soft. The dollar has soared to multi-year highs against a range of currencies in recent weeks.
Another problem for the stock market now is that "price-earnings ratios are so high," Hyman explained. The trailing P/E ratio for the S&P 500 stood at 19.71 Friday, up from 18.20 a year earlier, according to Birinyi Associates.
"Investors are paying up for stocks, and they're getting toward the high end of what they historically trade at relative to their P/E ratios," he noted.
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But, "if you're an oil company or employed by an oil company, it's not been such a great day for you," Hyman pointed out. "It's been a number of rounds of layoffs, a lot of idling of oil rigs and things of that sort."
U.S. crude oil prices will like stabilize in the $40s, Hyman predicted. "They could go down into the $30s, but that's unlikely, and then they should trade sideways for a number of months before going higher."
While he expects oil to end the year in the $70 to $80 range, he notes, "We're certainly going to have $100 a barrel oil again."


By Sean ...

www.newsmax.com [cached]

By Sean Hyman

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About the Author: Sean Hyman Sean Hyman is a member of the Moneynews Financial Brain Trust. Click Hereto read more of his articles. He is also the editor of Ultimate Wealth Report. Discover more byClicking Here Now.

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