1/6/2015 – Another down day with the Dow Jones down 132 points (-0.75%) and the Nasdaq down 60 points (-1.30%).
The stock market continues to perform just as forecasted. If you would be interested in learning what happens next, please Click Here.
The biggest story in the market today is the plunge in interest rates. The 10-Year Note is now below 2%. We will discuss that in greater detail tomorrow. In the meantime, it is nice to find yourself on the same page as Bill Gross. Bloomberg: Bill Gross Says the Good Times Are Over
“When the year is done, there will be minus signs in front of returns for many asset classes,” Gross, 70, wrote in the outlook. “The good times are over.”
That’s quite a statement as he goes on to suggest that folks should get out of the way. I tend to agree with Bill and the subject matter is rather easy. The stock market is in a massive overvaluation bubble driven by QE, zero interest rates and speculative spirits. And even though the US Economy appears to be doing quite well, it is an illusion driven by all of the above. That is why the 10-year note is below 2%. The bond market is not buying it.
That is to say, imagine yourself at 2007 and 2000 tops and you will have a fairly good understanding of where we are today.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014/15-2017. In fact, 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 when the bear market of 2014/15-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note: A bear market might have started already, I am simply not disclosing this information. 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). Daily Stock Market Update. January 6th, 2015 InvestWithAlex.com
Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!
