1/6/2015 – Another down day with the Dow Jones down 252 points (-1.47%) and the Nasdaq down 56 points (-1.14%).
It is popular to drag a bear on a TV show in order to explain recent market declines. As is the case with Marc Faber today. He has been appearing on most major networks over the last few days. Marc Faber: We Have Colossal Credit Bubble in China
- Bernanke/Yellen will go down in history as colossal failures for waiting too long. It is too late now.
- We are already in a severe global recession.
- The stock market likely topped out in May of 2015. 20-40% drop is likely.
- Massive disconnect between economic reality and bubble level valuations.
I couldn’t agree more with Marc’s view. I have been saying the exact same thing for close to a year now. In terms of the market, be careful. Just because the wheels are finally coming off doesn’t mean we can’t have a rally/bounce. Take a look at the video below (and the link above). It is definitely worth a few minutes of your time. His view is my own.
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.January 6th, 2016 InvestWithAlex.com
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