A strong up day with the Dow Jones up 123 points (+0.73%) and the Nasdaq up 69 points (+1.57%).
The market continues to develop as per our internal forecasts. Yet, despite the Dow sitting 50 points from an all time high, I thought it would be an opportune time to remind you that the Baltic Dry Index continues to collapse. Now down 70% since the start of the year. That’s right, you have read it right….down 70%. In other words, either the stock market is spectacularly wrong or the economy and the bookings are so incredibly strong that cargo shippers are collapsing their own prices, ……….well, because they have nothing else better to do. I will let you decide which view is more accurate.
A much more detailed stock market update is coming up tomorrow….make sure you check it out.
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. July 18th, 2014 InvestWithAlex.com
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Baltic Dry Index Continues To Collapse. Will The US Economy Follow? Google