- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- Analysis: APEC Nations Back Face-Saving Climate Plan
- Shift Into High-Quality Stocks Could Move Market Higher
- Drug Study Questions Effectiveness of Merck's Drugs
- Military Arms Race Dominates Dubai Air Show
- Buffett: I Haven't Bought AMEX Shares in Years
- Disaster Film '2012' Drowns Rivals at Box Office
- Cities With the Most Home Price Reductions
- Cramer: 5 Earnings Reports to Watch Next Week
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
MOST SHARED
- U.S. May Wind Up Green With Envy
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- Analysis: APEC Nations Back Face-Saving Climate Plan
- Disaster Film '2012' Drowns Rivals at Box Office
- The Cost of Thanksgiving Dinner 2009
- For Investors, The New Green Looks To Be White
- Dipping Into Green Investing
- Sustainability Indices Sprouting Up
- Stronger Yuan Needed for Global Rebalancing: IMF Chief
The recent stock-market tumble matches the crash of the 1970s and points to a bull-market rally in the coming weeks, Clem Chambers, CEO of ADVFN, told CNBC.
"You want to buy at the bottom and you want to sell at the top, well here's the bottom," Chambers said while taking a technical look at the early 1970s charts for the Dow Jones Industrial Average and FTSE-100.
"We're going to get a W-shaped bottom on this correction here and then we're going to go shooting up with a huge bull rally," Chambers said.
"For a value investor this is a great time, if they've got their powder dry, to pick out stocks," he added.
(Watch the full CNBC interview with Clem Chambers above).
Global stocks could retest recent lows and even push below them, Chambers warned, adding that investors should wait for a clear upward trend that will emerge within the next six weeks.
"If we do take another leg down it will be a massive one, but it's all going to be over very quickly," he said
- Where, what, how.
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.











