Another up day with the Dow Jones up 98 points (+0.59%) and the Nasdaq up 44 points (1.05%).
As the chart above illustrates, the stock market has ZERO fear as all of the bears have been taken out to Siberian Taiga and shot dead. In other words, this is as good as it gets for the bull market. Just as it was back in 2007.
I have long argued that the stock market has by now disconnected from any sort of reasonable fundamental valuation levels (due to massive FED stimulus) and is now in a bubble territory. Despite strong technical indicators and trends, investors must be very careful here.
Just as the reminder……. most bull markets do not last longer than five years, we remain in a secular bear market that started in 2000 and will terminate in 2017, the valuation levels are outright crazy (I can’t find any value), the FED is tightening, fear levels/indicators hitting all time lows, etc….. The bottom line is, and as stupid as it sounds, the market is climbing higher for the sake of climbing higher.
This is further confirmed by my mathematical and timing work. Again, my work 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 which way it will break and when, 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 5th, 2014 InvestWithAlex.com
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Daily Stock Market Update. June 5th, 2014. InvestWithAlex.com Google