A significant down day with the Dow Jones down 140 points (-0.85%) and the Nasdaq down 73 points (-1.75%).
Even though both the S&P and the Dow are a stone throws away from their all time highs, market internals are getting ugly. We have already discussed that in the past. What concerns me the most today is to what an extent the Obama Administration is going to play chicken with Russia.
If you have been reading this blog, you know that I have maintained a fairly accurate stand (for over a month now) that Russia will invade Ukraine one way or the other. It has no other option as it must stop NATO’s expansion up to it’s borders. For Russia it’s a matter of national security. With Russian jets entering Ukrainian airspace as I write this and with Russian special forces already operating in East Ukraine, it’s a forgone conclusion.
The real question here is how far the US is willing to go and what impact Obama’s actions will have on the US Economy. That’s right, the US Economy….not Russian economy. While most media pundits are completely oblivious to the subject matter with their American chest beating patriotism, economic warfare against Russia will only accelerate the upcoming and severe US Recession/Bear Market of 2014-2017. Make no mistake about that.
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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