A massive down day with the Dow Jones down 267 points (-1.62%) and the Nasdaq Down 129 points (-3.10%).
Is this another buying opportunity as most market pundits believe or is this a “sell now ask questions later” type of a deal? I continue to believe that markets are starting to wake up and see the forest through the trees. What a lot of traders and investors are starting to see is not pretty. Excessive overvaluation, massive speculation in all asset classes (even trailer parks), slowing economy, ineffective and counterproductive FED, flattening yield curve, etc….. With confidence levels collapsing it is just a matter of time before we find ourselves in a full blown bear market.
That is precisely what our mathematical and timing work shows as well. In fact, we have been consistent in predicting a certain date for the bear market to start since the time this blog initiated in 2013. When the bear market of 2014-2017 starts it will very quickly retrace most of the gains achieved over the last 2 years. If you would be interested in learning exactly when this bear market will start (to the day) and it’s subsequent 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).
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Stock Market Update. April 10th, 2014. InvestWithAlex.com Google