1/25/2015 – A positive day with the Dow Jones up 4 points (+0.03%) and the Nasdaq up 20 points (+0.44%).
The stock market has been, more or less, stuck in a trading range since a very important PRICE/TIME juncture of July 17th, 2014. That’s exactly six months if you are counting.
The question becomes, is the market consolidating or are we about to breakdown?
Well, if you are to listen to mainstream financial media you would be assured that the stock market is just starting its secular bull run and it just a matter of a few short years before we see the Dow hit 40K. Unfortunately, I do not share in their enthusiasm. Consider the following.
- Collapsing yields and flattening yield curve suggest a massive recession ahead.
- Oil Prices continue to collapse. Down over 50% in just 6 months.
- Baltic Dry Index continues to slide while hitting multi-year lows.
All while stocks are selling at spectacular valuation levels reminiscent, if not higher, than 2007 and 2000 highs. I just don’t see how any sort of a secular bull can develop here.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014/15-2017. 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 2014/15-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note: A bear market might have started already, I am simply not disclosing this information. 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. January 20th, 2015 InvestWithAlex.com
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