A down day with the Dow Jones down 70 points (-0.42%) and the Nasdaq down 23 points (-0.52%).
The stock market continues to perform exactly as per our internal forecasts. The market opened with a huge 150 point down gap, only to recover most of the drop by the end of the day. Confusing the Bejusus out of both the bulls and the bears in the process. Not us.
In the meantime, Marc Faber continues to hit at the market, predicting a massive and a fast moving correction. And while CNBC Talking Head Fools suggested that Marc is no longer credible, Mr. Faber does have a good point. He compared today’s market to Brazil Vs. Germany game, where most networks had to repeat and assure their audiences that the score at half time was really 5:0. Something so unimaginable that NO ONE in the world thought that it would be possible.
Marc suggests, and I tend to agree, that one day soon you will have double and triple check your stock tape. In other words, in the very near future the market will shave off 20%+ off today’s valuation levels in a matter of days. And that will be just the start. Point being, don’t find yourself cheering for a losing team.
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 10th, 2014 InvestWithAlex.com
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Daily Stock Market Update. July 10th, 2014. InvestWithAlex.com Google