1/28/2019 – A negative day with the Dow Jones down 209 points (-0.84%) and the Nasdaq down 79 points (-1.11%)
As we have been saying, the stock market remains 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.
Just as we have predicted, things are starting to get ugly…..very ugly.
Morgan Stanley “Confident This Early Year Rally Will Fade”
Bottom line, this is just one more piece of evidence suggesting that NTM EPS growth faces a steep decline ahead, which may take several quarters to play out. If so, we are confident this early year rally will fade.
We simply wonder, which way will this divergence resolve. Yet, that might not be the biggest issue for the Trump Administration. This is….
U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit
In other words, Trump’s so called “the best of all time miracle economy’ is nothing more than a credit card maxing out party. The bill is coming due. And to add insult to injury, deterioration of American society continues unabated.
People robbed of Canada Goose coats at gunpoint in Chicago
Chicago police are reporting gunpoint robberies targeting people wearing pricey Canada Goose jackets as temperatures plunge in the city.
Over the past two weeks, police say there’s been a spate of the thefts in which people wearing the luxury coats have been targeted and forced to give up the jackets. The coats can cost upward of $1,000 and are often seen on celebrities.
To summarize, the stock market finds itself selling at some of the highest valuations in its history. Plus, despite massive infusion of debt earning estimates are now collapsing. Trump’s economic miracle is not a miracle at all, but rather, a scary looking Ponzi exercise in debt creation. And finally, it is really, really cold in Chicago.
If you would like to find out what the stock market will do next, in both price and time, based on our mathematical and timing work, please Click Here
Please Note: Our latest call was a direct hit. While everyone was panicking our work projected an important bottom on December 27th (+/- 1 trading day) on the Dow at 21,725 (+/- 50 points). An actual bottom was put in place on December 26th at 21,713.