7/28/2014 – A mixed day with the Dow Jones up 22 points (+0.13%) and the Nasdaq down 5 points (-0.10%).
The market continues to perform exactly as per our internal forecasts. In yet another display of how out of sync with reality the stock market is, the shares El Pollo Loco Holdings, Inc. (LOCO) surged 43% today alone. Giving the company a valuation level typically reserved for a fast growing tech company. Certainly not a fast food restaurant.
Despite the euphoria, it appears I am not the only bear in woods. A number of other market participant are warning of the same thing. I highly encourage your to read these articles and decide for yourself.
- Stock trader who called three crashes sees 20% collapse
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This stock bubble is ‘beyond 1929 and 2007,’ says John Hussman
I would have to agree with both. 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 28th, 2014 InvestWithAlex.com
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