8/21/2014 – An up day with the Dow Jones up 61 points (+0.36%) and the Nasdaq up 6 points (+0.12%).
Everyone is full of anticipation. Why Janet Yellen’s Jackson A-Hole speech could give the stock market a boost.
The Kansas City Fed’s annual Jackson Hole economic symposium kicks off Thursday, and Fed Chair Janet Yellen will give the keynote speech Friday morning. For most of the past seven years, the S&P 500 has rallied an average of 1.3% on the day that the Fed chair speaks, according to Bloomberg.
So, there you have it. If you would like to make at least 1.3% tomorrow alone, load up on stocks before Janet Yellen opens her mouth. Better yet, load up on some call options and make a fortune.
On a more serious note, “Buy the Dip” mentality is so well entrenched by this point of time that no one……….and I mean NO ONE (not even the bears)……anticipates any sort of a major sell off. Perhaps they should.
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. August 21sth, 2014 InvestWithAlex.com
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Janet Yellen Will Send Markets Higher Tomorrow…..For Sure….Right? Google
