A strong up day with the Dow Jones up 98 points (+0.58%) and the Nasdaq up 25 points(0.59%).
The market staged a fairly strong rally after today’s FOMC meeting and Janet Yellen’s statement that her “secret valuation formula” shows that the stock market is within “historic norms”….aka “no bubble”. Whatever that means. Now, instead of arguing who’s valuation formula is better, allow me to take you back to FED minutes from Q-1 of 2008 (search FED Minutes on this site or Google it).
In those minutes, Ben Bernanke worried about the overheating housing market and openly argued for further tightening. If you don’t recall, by that time, the bear market of 2007-2009 was nearly half way done. Point being, the FED has no idea where we are nor where the proper valuation levels should be. They have no secret formula and they are flying blind. If anything, today’s tightening was just another nail in this stock market rally.
My mathematical work clearly shows a severe bear market between 2014-2017. 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. June 18th, 2014 InvestWithAlex.com
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Daily Stock Market Update. June 18th, 2014. InvestWithAlex.com Google