4/20/2015 – A positive day with the Dow Jones up 209 points (+1.17%) and the Nasdaq up 63 points (+1.27%)
I am starting to notice something curious. The overall US stock market has been, more or less, in a flat trading range since about July 17th, 2014. Or for 9 months. Yet, the speculative spirits are running as hot as ever. I am seeing the evidence of that everywhere as most people continue to “yap” about their highly speculative positions. And I am not the only one.
Market top conversations are back.
“One of our producers was out with some hipsters in Brooklyn, and these people were all talking about biotech stocks,” he says. “When you get that kind of chatter at that kind of level, it just makes me nervous.”
This is incredibly important as we have now come a full circle. March 6th, 2009 bottom was incredibly easy to predict and identify. We had a number of cycles and mathematical structures arriving at the same time. Yet, not a single person or hedge fund I gave this information to, acted on it. Why? Simple psychology. After a 55-70% drop in most equities, they were too terrified.
Now, the situation is reversed. After a 6 year bull market, no one can imagine a substantial decline. Even though most of the stocks are incredibly expensive and have disconnected from any sort of a fundamental/economic reality.
Don’t forget, it’s buy low – sell/short high, and NOT buy high – sell/short low.
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. April 20th, 2015 InvestWithAlex.com
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