9/23/2014 – A down day with the Dow Jones down 116 points (-0.68%) and the Nasdaq down 19 points (-0.42%).
A great market summary in today’s MarketWatch Article Everyone is a genius in a Fed-induced stock rally
A few important points if you don’t feel like reading.
- Everyone and their day trading grandmother believe that they are geniuses. Mostly because the market hasn’t had a real correction in over 5 years.
- Most investors are high-fiving each other because they are making so much paper money.
- Amateur investors and financial commentators are openly insulting well researched bears.Including market pros like Marc Faber and Bill Freckenstein.
- Most bears have given up.
- Everyone is predicting the Dow 18K, 20K, 25K, etc…..
Understandably, it is incredibly difficult to remain bearish in such an environment. Yet, despite the uptrend and all the bullish hoopla, it is important to remember that no one expects a bear market to start when it actually starts. And you don’t have to go further than October 11th of 2007 in order to see this principal in action. Jesse Livermore was right on the money when he said, “To make big money you have to sit alone and wait.”
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. September 23rd, 2014 InvestWithAlex.com
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