Stock Market Update. May 1st, 2014. InvestWithAlex.com

A mixed day with the Dow Jones down 22 points (-0.13%) and the Nasdaq up 13 points (+0.31%).

David Zervos, chief market strategist at Jefferies, says stocks are not overvalued and investors should buy the dips.

“A lot of the valuation metrics that are typical of the stock market…they fail to take into account the extraordinary monetary policy that’s been put into place. We’ve done a lot of healing. We have a lot of risk-taking in the pipeline and a lot of that risk-taking is going to start to generate real returns.” If you would like to read the rest of this garbage Click Here

Of course, he would like nothing more than to take that risk with your money…not his. The stock market has, more or less, flat lined since its April 11th bounce rally terminated on April 22nd (the bounce we told you about here). With the Dow and the S&P unable to go higher and with the Nasdaq and Russell 2000 in a technical downtrend, is this the “buy the dip” or “buying opportunity of a lifetime” that Mr. Zervos is talking about?

Don’t bet on it if you value your money. According to our mathematical and timing work the market is approaching an important juncture that will make Mr. Zervos look very foolish….. soon enough.

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).

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!