7/8/2015 – A big down day with the Dow Jones down 260 points (-1.46%) and the Nasdaq down 88 points (-1.75%)
The stock market continues to perform as per our forecast to subscribers. A massive and rather rapid stock market decline is coming later on this year. And while we won’t have a crash, considering the amount of margin debt out there, quite a few people will get wiped out. If you would like to find out exactly when this move will develop, to the day, please Click Here.
Too many things to get through today. My brief comments are below each article.
Fed Officials Tempered Economy Optimism With Greece Concern
As I have said before, it doesn’t matter anymore. The FED has missed the boat by not raising interest rates sooner. The US stock market and economy will roll over regardless of what they do. In fact, this will lead to a nightmarish scenario for the FED. Zero interest rates and collapsing markets/economy. Checkmate and game over!!!!
China Bans Stock Sales by Major Shareholders for Six Months
Great for banana vendors and day trading housewives, bad for everyone else. China is due for a bounce, but do not take that at face value. Chinese bubble has popped and the market will continue its decline once the bounce plays out. Finally, officials have been unable to stem the tide of selling since the Tulip Mania in the 1600’s. This will do nothing but take liquidity out of the market. Possibly accelerating the downtrend. Idiots.
Microsoft to cut up to 7,800 jobs
Yep, because the economy is on fire. Plus, is Microsoft about to miss revenue/earnings? Oh oh….
NYSE suspends trading of all securities due to technical problems
This is exactly what I have been talking about over the last few months. Technical issues or not, there is very little liquidity. Should any given sell-off accelerate, and god forbid we have a 3-5% down day, you might see everything “break”. At least come a screeching halt. That is why a flash crash in the second half of the year, similar to what had happened in 1987, is quite possible. Today’s environment is almost identical.
Bursting the Talk of a Stock-Market Bubble
Jeremy Siegel is as optimistic as ever. I wonder if he is still waiting for the Dow 20K by the end of the year. Considering his advice to unsuspecting investors, I hope he is fully invested on the long side. That ought to teach him a lesson.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. 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 2015-2017 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. July 8th, 2015 InvestWithAlex.com
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