11/28/2018 – A positive day with the Dow Jones up 617 points (+2.50%) and the Nasdaq up 209 (+2.95%)
The stock market finds itself at an incredibly important juncture. Things are about to accelerate in an unexpected way. If you would like to find out what happens next, based on our timing and mathematical work, in both price and time, please Click Here.
What a difference a day makes. Where everyone was gloomy and bearish just a few days ago, today, everyone is once again expecting new all time highs, zero interest rates and the IRS mistakenly sending them a million bucks. For instance……
These 2 shocks will jolt stocks higher — and 15 smart ways to prepare for that move
“The Fed will have no choice but to pause on their policy path if they want to delay the end of the current economic expansion,” says McDonald. Central banks around the world will follow suit. We just saw signs of this in dovish comments from European Central Bank President Mario Draghi. “We see these comments as just the beginning of a wave of central bank talk that will shift dovish and move markets,” says McDonald.
Allow me to summarize. The FED backs off and even cuts, Trump reaches some sort of a trade deal with China and the stock market zooms to the moon.
Perhaps……
Yet, all of the above ignores the real elephant in the room. Valuations and the fact that the stock market (and most other asset classes) finds itself in the bubble of historic proportions fueled by funny money. Debts will have to be repaid, trade deals are meaningless and stocks will eventually revert to their mean. Count on that.
If you would like to find out exactly what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here