3/9/2016 – A positive day with the Dow Jones up 35 points (+0.21%) and the Nasdaq up 25 points (+0.55%)
Mainstream financial media is awash with “Seven Year Bull Market” stories. Case and point…..
Wait a second…..what? Technicalities of what constitutes bull/bear markets aside, and I would hate to rain on everyone’s parade, but the stock market hasn’t gone anywhere in close to 2 years. Take a look at the NYSE (largest index by capitalization) chart below. The index topped out over 1.5 years ago. The Dow put in an important top exactly a year ago on March 2nd, with May 19th being a double top.
But I do remember that date very well. A number of incredibly powerful TIME cycles were arriving between March 6-10th and I was telling everyone to buy. I certainly was. Yet, no one would listen. And I mean NO ONE. Most people who knew about my TIMING analysis dismissed it as “highly unlikely/improbable”.
And I can tell you this with certainty, no one wanted to touch stocks. At any price. Don’t believe me? Here is March 6th 2009 CNBC Stock Market Closing Bell. Note, not a single person screamed out in excitement that stocks were being given away at incredibly low prices and it was time to load up. On the contrary, the mood was gloomy and downright depressing. And of course, it was the right time to buy.
Today, the situation is entirely reversed. Try telling people that the stock market is incredibly overpriced and they will immediately dismiss you as the “boy who cried wolf”. For God’s sake, they are still celebrating a bull market that might have ended almost two years ago. What else do you need to know?
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. March 9th, 2016 InvestWithAlex.com
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