8/22/2014 – Another mixed day with the Dow Jones down 38 points (-0.22%) and the Nasdaq up 6 points (+0.14%)
Well, so much for that well anticipated Janet Yellen’s Jackson A-Hole speech 1.3% market pop today. I guess 8th year breaks the trend.
On a more serious note, while most investors don’t comprehend this just quite yet, the FED has already shot itself and the US Economy/Markets in the head. It is already too late. By cutting liquidity (QE) and suggesting an upcoming increase in the interest rates, the FED has put the market in an impossible situation. Facing a massive overvaluation bubble, a flattening yield curve, historic complacency levels and FED tightening. In other words, it is a recipe for disaster.
At this juncture and as far as I am concerned, only one thing is keeping today’s markets near all time highs. Smart money is not quite yet done distributing their stocks to retail fools. Although we are almost there. Expect the market to implode as soon as that happens.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014-2017. 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 2014-2017 will start (to the day) and its 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). Daily Stock Market Update. August 22nd, 2014 InvestWithAlex.com
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