2/10/2016 – A mixed day with the Dow Jones down 99 points (-0.62%) and the Nasdaq up 15 points (+0.35%)
When it comes to investing, sentiment, investor or otherwise, becomes increasingly important. For instance, when we were heavily short in May of 2015, you couldn’t find a bearish point of view if your life dependent on it How We Nailed May 19th, 2015 Top -To The Day. Even permabears like Marc Faber were throwing in the towel at the time.
The situation is entirely reversed today. Open any financial media outlet and you will be hard pressed to find anything positive. So much so that quite a few prominent market “pundits” are calling for an outright financial Armageddon. Soup lines in tow.
And you thought I was a bear. Here is just a small sample from today.
- The U.S. May Be Even More Broke than You Think – Old news. Everyone knows that.
- Shock slump across European industry bodes ill for 2016 – Worthless linear thinking. Where were they predicting this “slump” in 2015?
- The head of trading at Morgan Stanley just confirmed Wall Street’s worst fear – And five times five is twenty five.
- David Stockman: Markets Going to Be Mauled by Bear – I like Mr. Stockman. I would actually listen to what he has to say. Our fundamental views match
- JP MORGAN STRATEGIST: Central banks tried to control the world … and failed miserably – Very true. As soon as most investors realize the same, well, watch out below.
- Companies lose billions buying back their own stock – A brain dead monkey could have predicted this in 2014-2015. And while I fancy myself to be just a little bit more intelligent, I did just that. Why Stock Buybacks Signal A Bear Market Ahead
- Cramer: Extreme valuations point to a recession – Really? Correct me if I am wrong, but I recall Mr. Cramer calling all bears “Idiots” in May of 2015 and suggesting that the stock market was undervalued at the time. Now, 10-15% lower, it is overvalued?
Point being, financial media’s bearish sentiment is overwhelming today. When that happens one of two things develop. We either crash or a big time bounce is just around the corner. I will let you decide what happens next. But you can always Click Here if you would like to know now.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning when the bear market of 2015-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note: A bear market might have started already, I am simply not disclosing this information. Due to my obligations to my Subscribers I am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here). Daily Stock Market Update. February 10th, 2016 InvestWithAlex.com
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