2/4/2016 – A positive day with the Dow Jones up 78 points (+0.48%) and the Nasdaq up 5 points (+0.12%)
Until the recent “China driven” sell-off, mainstream financial media was bursting at the seams with all sorts of bullish articles. Here is one of them.
“It’s not old age, it’s excesses. And we’re not seeing excesses, we’re not overspending, we’re not over buying, we’re not over borrowing, we’re not over leveraged, and we’re not overvalued,” added White on why the bull market will not die in 2016.
I strongly disagree with all of the above, but let’s save it for another time. Basically the bulls are playing the game of musical chairs by expecting a clear blow off top at even more ridiculous valuation levels. Yet, no one is asking the most important question.
What if the music is no longer playing?
I remember shorting stocks into May 19th, 2015 top on the Dow/S&P. Let me assure you, it sure the hell felt like a blow off top to me. Not that much dissimilar from 2000 and 2007 tops. You couldn’t find a bear if your life depended on it (except yours truly). Even prominent bears like Marc Faber and Peter Schiff were throwing in the towel. And when the Nasdaq was putting in a top on July 20th, I posted the following sentiment picture on this blog.
So, let me ask you again, is it possible that most bulls are waiting for a top that has already arrived?
That is exactly what I discuss in my last weekly update to my premium subscribers Click Here. And as you can very well understand, the right answer can make all the difference between being trapped in another massive leg down or moving harmoniously with the overall market.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. 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 2015-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note: A bear market might have started already, I am simply not disclosing this information. 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. February 4th, 2016 InvestWithAlex.com
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