A slight up day with the Dow Jones up 19 points (+0.11%) and the Nasdaq up 15 points (+0.34%).
I can’t even count how many times I was told that “It is different this time” by the bulls. And that’s just over the weekend. Every possible explanation was given. From the FED being able to control the markets to stocks being inexpensive to Jesus Christ coming back later this year (I wish I was kidding).
In reality, it is never different. Unfortunately, most investors don’t have a sense of memory. With the stock market doing exactly the same thing today as it was doing at 2000 and 2007 tops, there will be no one to blame. In other words, I will enjoy gutting this market on the short side (when the time is right) and I will show no mercy.
This chart is just another “In Your Face” warning sign that you should pay a very close attention to. The bullish sentiment is now above 2007 top levels.
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 9th, 2014 InvestWithAlex.com
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Daily Stock Market Update. June 9th, 2014. InvestWithAlex.com Google