10/23/2014 – A big up day with the Dow Jones up 215 points (+1.31%) and the Nasdaq up 70 points (+1.60%).
The stock market continues to perform exactly as forecasted. If you would be interested in learning what happens next, please Click Here.
Over the last few days I have suggested that about 95% of all market pundits and participants anticipate a quick recovery and an all time high by the end of the year. Perhaps no one embodies the attitude more than Cramer: Time to shop the drop
Despite all the bullish hoopla and today’s “buy, buy, buy” panic, there are some people out there who do make sense. This Rise Looks Like A Bear Market Rally, And That Changes Everything.
The sizable, sharp stock drop has now been followed by an equally sharp, albeit smaller, run-up. Unfortunately, this behavior is indicative of a “bear market rally” rather than a post-correction base-building period. Confirming this view is the considerable and widespread weakness evident among individual stocks.
I couldn’t agree more.
We perhaps could still consider these negatives as acceptable if underlying, fundamental conditions firmly supported a bull market vision. However, the actual conditions have increasingly raised questions, concerns and uncertainty – issues that better match a bear market than a bull one: etc…..
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 23rd, 2014 InvestWithAlex.com
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