A volatile day with the Dow Jones up 89 points (+0.55) and the Nasdaq up 11 points (+0.29%)
What you have witnessed today is the tag of war between cyclical composition within the stock market and macroeconomic issues associated with Ukraine. Unfortunately, I believe the situation in Ukraine will continue to dominate global markets over the next few weeks (if not months). Should things in Ukraine deteriorate significantly (as I fully expect), I would anticipate Russia to invade and global markets to sell off. That can happen at any day now.
With that said, it is important to remind you that from the fundamental perspective all markets and most asset classes continue to be incredibly overpriced. People who believe that a small sell off over the last two weeks CAN or WILL set valuations right need to pause and study financial market history. There is nothing to stop today’s “incredibly overpriced” stocks from becoming “dirt cheap”. And no amount of wishful thinking or market optimism will change that.
Why is this important? Our mathematical and timing work continues to indicate that the bear market of 2014-2017 is just around the corner. Once it gets going it should very quickly retrace most of the gains accrued over the last two years. If you would be interested in learning exactly when the bear market of 2014-2017 will start (to the day) and it’s 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).
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