A down day with the Dow Jones down 119 points (-0.70%) and the Nasdaq down 18 points (-0.42%)
As the day started a lot of financial media outlets jumped on the “This Bull Market Will Never End” horse proclaiming all kinds of crazy stuff. Here is just a small sample.
- As Dow nears 17,000, the worrywarts still speak loudest
- The 10 Stocks That Will Lead the DJIA to 20,000
- Bull markets don’t die of old age, why Dow 44,000 is coming
For god’s sake, will someone just come out and say that the Dow is going to 500,000 by 2098? Might as well. Yet, despite all this bullish sentiment the market promptly turned around and sold off to the tune of 140 points.
More importantly, despite all of this bullish sentiment the Dow is only 220 points higher than its December 31st top (an important point that I might explain later). Point being and as I have suggested before, the Dow remains in a very tight trading range, accumulating energy for a massive move. That move is just around the corner.
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. June 24th, 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. June 24th, 2014. InvestWithAlex.com Google