A down down day with the Dow Jones down 44 points (-0.26%) and the Nasdaq down 34 points (-0.77%)
The stock market continues to develop exactly as forecasted (member section). With most markets opening up a large gap down in the morning, the chances are high that the market will push higher over the next few trading days to close today’s gap.
Yet, the fundamental valuation issue persists. The fact the overall stock market is in a massive bubble and the fact that riskiest junk (stock or bonds) is surging ever higher in price. The riskier it is, the better it does as all rational thinking has long been dismissed. Case and point, King Digital Entertainment (KING).
After its failed IPO, the shares of Candy Crush maker is up 35% over the last two weeks. So, let’s get this straight. The company has ONE hit game that is already declining in popularity, $6.6 BILLION market cap and a big plan to take over the world. Perhaps the same fools who are predicting the Dow 20,000 by the end of the year are the ones buying KING shares.
At the same time this shouldn’t come as a surprise. This is indicative of market tops.
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 7th, 2014 InvestWithAlex.com
Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!
Daily Stock Market Update. July 7th, 2014. InvestWithAlex.com Google