I was quite surprised by a barrage of positive news in today’s MarketWatch. Everything from the S&P being properly valued here to the trade war actually being a bullish indicator. Go figure. The former is just about as outlandish as today’s college kids identifying as bananas . Properly valued based on what….50 day moving average? The reality is, the S&P would have to collapse by about 50% to hit is long-term Shiller P/E mean. And we are not even talking about today’s bubbles and what the upcoming recession will do to the E……..
Today’s Daily Journal consists of the following topics
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Finally, you don’t have to guess what the stock market will do next under today’s extreme conditions. If you would like to find out exactly what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here.
Please Note: Our latest call was a direct hit. While everyone was panicking our work projected an important bottom on December 27th (+/- 1 trading day) on the Dow at 21,725 (+/- 50 points). An actual bottom was put in place on December 26th at 21,713.