Stock Market Update. April 24th, 2014. InvestWithAlex.com

A volatile day with the Dow Jones up 0.1 points (0.00%) and the Nasdaq up 21 points (0.52%).

The chart above (courtesy of Elliot Wave) contains everything you need to know about the state of today’s stock market. In a nutshell, today’s stock market is being driven by excessive levels of speculation with a smidge of margin debt. Well, a record $178 Billion of margin debt to be exact.

While we have talked about margin debt before, this chart drives the point home. Most investors have overextended themselves at exactly the wrong time (as they always do). With margin debt levels being substantially higher than their 2000 and 2007 stock market top counterparts, the near term outlook for the stock market is anything but bright.

This is further confirmed by our mathematical and timing work. Again, our work shows a severe bear market between 2014-2017. 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 exactly when the bear market will start (to the day) and its 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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