A down day with the Dow Jones down -43 points (-0.27) and the Nasdaq down -15 points (-0.35%).
The market bounced around at an important resistance/support level today, without being able to go much lower or higher. With weekend Ukraine developments left overhead, the market closed in a worse possible spot. Should Russia invade Ukraine over the weekend, the market might open up with a large gap down…….. or perhaps up. No matter what happens over the next few days, one thing is certain.
The US Stock Market is incredibly overpriced. With the 5-Year and the 17-Year cycles now pointing down, this market will have a very difficult time going much higher at this juncture. In fact, the bear market of 2014-2017 might already be here. Ushering in much lower stock prices over the next few months/years. If you would be interested in knowing exactly when this bear market will start or resume, as well as it’s internal short-term composition, please Click Here.
Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!
Click here to subscribe to my mailing list
Stock Market Update. March 14th, 2014. InvestWithAlex.com Google