12/3/2014 – A positive day with the Dow Jones up 33 points (+0.18) and the Nasdaq up 19 points (+0.39%)
While Wal Mart CEO believes we have reached the state of perpetually growing economy, 2% to 3% growth feels perpetual: Wal-Mart CEO, the stock market might be on a verge of a big sell-off.
We all know the story. It is overpriced, overextend and very well could be in the bubble territory. MarketWatch tends to agree: Stock-market correction imminent. A great look at some of the indicators through charts and I highly encourage you to take a look. Here are some noteworthy excerpts.
However, we are now at the stage where we these sell signals are beginning to occur — some already have and more probably will, within the next day or two. Does this mean the bigger rally is over, and one should heavily short the market? No, but it does mean that a sharp, but probably short-lived correction is at hand.
Yes, I am seeing the same thing
In summary, the bullish indicators are running out of gas, and sell signals are beginning to occur. However, the positive seasonality of the Post-Thanksgiving time frame will likely limit the downside.
I do agree with most of the facts presented in the article in question, all except one. While I do agree that December is seasonally net positive, it is not a God given right for the stock market to rally. Major sell-offs have happened in past Decembers and it would be foolish to think that a major correction is impossible here. Certainly not after the rally that we’ve just had.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014-2017. 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 2014-2017 will start (to the day) and its internal composition, please CLICK HERE
(***Please Note: 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. December 3rd, 2014 InvestWithAlex.com
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