9/15/2014 – A mixed day with the Dow Jones up 44 points (+0.26%) and the Nasdaq down 49 points (-1.07%).
Interesting market action today that yielded a number of divergences. Yet, the number of opinions on what is really going on is even higher. Here are just a few with some of my comments.
- This chart says the S&P could rally another 20%: Same old story. We are in a secular bull market that has another 10 years to ago. Only one problem, bear markets don’t last 9 years. We are still in a bear market that will complete in 2017.
- Record S&P 500 Masks 47% of Nasdaq Mired in Bear Market: About 47 percent of stocks in the Nasdaq Composite Index are down at least 20 percent from their peak in the last 12 months while more than 40 percent have fallen that much in the Russell 2000. So, where exactly is this bull market that everyone is cheering so much?
- Tesla plunges as analysis says too much, too fast: If you really need some analyst to tell you that Tesla’s stock is way ahead of its growth or the rest of its valuation metrics, you shouldn’t be in the stock market. In fact, if you do not understand why TSLA is in a massive speculative bubble here, you shouldn’t be in the stock market either.
So, what is going on? The only thing that I am allowed to say here is as follows. The stock market has been accumulating energy since the beginning of this year and to a lesser extent over the last 3 weeks. Meaning, a very powerful move is just around the corner. If you would be interested in learning which way this market will break (up or down) and exactly when (to the day), 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. September 15th, 2014 InvestWithAlex.com
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Are We In A Bear Market Already or Another 20% Rally Just About To Start Google