An up day with the Dow Jones up 77 points (+0.22%) and the Nasdaq up 9 points (+0.25%).
The Dow opened up a 50 point gap in the morning as it continues to climb higher (exactly as per our internal forecast). That is in addition to a large 100 point gap from Monday. Suggesting an upcoming correction.
The amount of stupidity out there is truly mind numbing. Last week, it was the forecast that the Dow will hit 20,000 and even 30,000 by the end of the year. Yesterday, most financial commentators jumped on a perpetual bear bandwagon to declare that the market is about to crash. Today? Well, today, Google will apparently hit a $1 Trillion valuation within the next 10 years. With Facebook’s valuation not that far behind. Any reasonable valuation metrics should not apply.
Google has the potential to hit a trillion-dollar market cap in the next 10 years, according to one technology investing leader.Jim Breyer, founder and CEO at Breyer Capital and a partner in Accel Partners, expects the search engine giant to join Facebook in gobbling up smaller companies and continuing to grow rapidly. The environment we’re in now is probably the most interesting seismic change relative to the new companies that will be Internet leaders.
You know what, just f$%* this. Most people will never learn. I am really looking forward to this market developing as per my internal forecast. It will be fun watching people scramble as the market gets decimated in a matter of a few short days/weeks. Trust me, there is nothing better than watching CNBC talking heads trying to explain a 1,000 point drop on the Dow as my profits skyrocket. If you would like to learn when, well, qualify for my premium service.
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. July 16th, 2014 InvestWithAlex.com
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