4/12/2016 – A positive day with the Dow Jones up 166 points (+0.95%) and the Nasdaq up 38 points (+0.80%)
On February 10th, 2016, as the stock market was selling off and investors were literally panicking, I published the following daily update. Financial Media Predicts Armageddon – Time To Go Long?
In that article I had the following allocation….
- Cramer: Extreme valuations point to a recession – Really? Correct me if I am wrong, but I recall Mr. Cramer calling all bears “Idiots” in May of 2015 and suggesting that the stock market was undervalued at the time. Now, 10-15% lower, it is overvalued?
Well, that’s quite interesting. Just as the market was bottoming Mr. Cramer was screaming doom and gloom. Advising people to stay out of the market and not to go long under any circumstances. Let’s fast forward to today.
- Cramer: Signs an earnings explosion is coming
- Cramer: Is anyone listening to Yellen?
- Cramer: Bernie Sanders spoiling the earnings mood
“When everyone dislikes the market, as so many people do, you can’t expect all the goods stocks you like to be on the new-high list. But when you see this kind of distribution, you know that the leadership is there. Others will follow,” Cramer said.
So, let me get this straight. When the market was putting in a bottom, Mr. Cramer was extremely bearish. But now, after a powerful 10-15% bounce, he expects further and massive upside? If anything, investors should use this as a contrarian indicator.
Tomorrow morning we will look at the other side of this equation.
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. April 12th, 2016 InvestWithAlex.com
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