11/24/2014 – A positive day with the Dow Jones up 7 points (+0.04%) and the Nasdaq up 42 points (+0.89%)
As far as most people and financial professionals are concerned 2014 is a done deal. The gains are in the bag and the fiscal 2015 should be at least just as profitable. Yet, with the S&P already approaching its Goldman Sachs’s 2015 target of 2,100 one important question remains.
Is everyone celebrating too early?
After all, we have about 25 trading days left in the year and it would take the Dow half this long to fall below its year open or worse, to test its October lows. Impossible? Nothing is impossible when it comes to financial markets. And even thought Decembers are typically net favorable, there are no rules to prevent a substantial decline here.
Particularly, when you take today’s extreme overvaluation and bullish sentiment levels into consideration. That is to say, no one should consider this year over until the closing bell rings on December 31st.
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. November 24th, 2014 InvestWithAlex.com
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