Elliott Gue: My outlook for crude oil prices remains relatively unchanged since the beginning of 2012. Potential demand destruction brought on by persistently high oil prices should limit upside for oil prices (NYSEARCA:USO).
Elliott Gue: Over the past two months, I’ve warned that the S&P 500 (NYSEARCA:SPY) could pull back by 5 percent to 10 percent this spring. Recent market action suggests that this correction may have started. If my forecast pans out, the second quarter could give us an opportunity to buy high-quality
Elliott Gue: There was no new recession in the US in late 2011 and the European sovereign credit mess did not devolve into a repeat of the 2008-09 financial crisis. An improvement in the outlook for global growth has helped drive a modest uptick in global steel prices and a similarly modest rally in the prices of