9/8/2014 – A mixed day with the Dow Jones down 26 points (-0.15%) and the Nasdaq up 9 points (+0.20%).
I have already touched on the subject matter that mainstream financial media is misrepresenting today’s stock market rally as the “Most Hated Rally” ever. In fact, according to them, most are of the Market Unbelievers (aka…bears) are about to be vaporized as the Dow surges to 20,000 and beyond.
Yet, the reality is quite different as the chart below illustrates.
Here’s the key paragraph:
None of the group, whom we survey each September and December, is bearish these days, although some strategists have toned down their optimism because of the market’s gains. Still, the most bullish see the benchmark barreling toward 2500 in the next 18 to 24 months. That would be an increase of nearly 25% from last week’s close. The Barron’s survey echoes another data point from earlier this week. A survey of newsletter market pundits from Investors Intelligence found that bears are “evaporating.” This chart shows that among pundits, the percentage of bears is at a 27-year low.
In other words, it might be time to turn bearish.
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 8th, 2014 InvestWithAlex.com
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Market Bears Hit The Lowest Levels Since Just Before The 1987 Crash Google