10/1/2014 – A big down day with the Dow Jones down 238 points (-1.40%) and the Nasdaq down 72 points (-1.59%).
The market continues to perform just as anticipated. Click Here. That is not to say that I am incredibly bearish here. Yet, in last nights update to my subscribers I suggested that a big move we saw today was coming. That’s exactly what we got and just like that the Dow is up less than 1% for the year. With the Russell 2000 now in a negative territory and below its key support levels.
So, is this the 5-10% correction everyone was talking about on the way to the Dow 20,000 by the end of the year or is this something more?
Well, here is what most market participants believe today. S&P 500 to hit 2,050 by year end: Stovall Of course, if you want to make investment decisions based on seasonality, election year politics and other related stupidity, be my guest. As the saying goes, fool and his money are soon parted.
Yet, today’s market environment is not as simple as saying that we are either in a bull or a bear market. As I have suggested so many times before, the market of 2014-2017 will frustrate both bulls and bears to no end. Just when bears think they have control the market will bounce, retracing most of the gains. And vice versa. If you would be interested in learning exactly what is going on in today’s market and what happens next, please Click Here.
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. October 1st, 2014 InvestWithAlex.com
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