Mark Hulbert: Stock strategist who saw market correction now predicts 10% to 14% rally — and a fizzle in 2019

The bull market is still alive. That would be good news any time, but especially after Monday’s trading, when the Dow Jones Industrial Average gave up an intra-day 352-point gain to end the day with a triple-digit loss. It was the largest intra-day reversal for the Dow in more than eight months.

To be sure, predictions are a dime a dozen on Wall Street. But there is a special reason to listen to this one: It comes from Hayes Martin, president of advisory firm Market Extremes, who in early October hit the bull’s eye (or should I say “bear’s eye”) in predicting an imminent correction in which the market averages would drop between 8% and 13%.

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