A quiet day with the Dow Jones up 10 points (0.06%) and the Nasdaq up 33 points (0.81%)
A typical consolidation day in the market after heavy sell off over the last couple of days. The most oversold issues have bounced the most, hence the strong Nasdaq rebound. With earnings season just around the corner it will be interesting to see if the recent sell off develops into an actual bear market or another opportunity to “buy the dip”. Keep in mind, despite the recent sell off all of the major trends are still pointing up. In fact, it was just a few days ago that the Dow set an all time high. This highlights an important clue as to why most market pundits are not worried.
Should they be?
I believe so. Based on our mathematical and timing work the bear market of 2014-2017 is just around the corner. When it starts it will very quickly retrace last years rally and plunge the US Economy into a severe recession. If you would be interested in learning exactly when this bear market will start (to the day) and it’s internal composition, please Click Here.
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Stock Market Update. April 8th, 2014. InvestWithAlex.com Google
you comprimise your credibility by glibly claiming today was a “A quiet day” – it was no such thing
Thanks for your comment. Our forecasts tend to follow the Dow. The Dow didn’t really do anything today and ended up 10 points…hence the comment.