7/13/2015 – Another up day with the Dow Jones up 217 points (+1.22%) and the Nasdaq up 74 points (+1.48%)
Alright, since Greece has been sacrificed for the benefit of the EU, at least for the time being, can we now concentrate on something that really matters. For instance, Q-2 earnings. And while the mainstream financial media is cheering our return to break even point for the year, here is the stupidest reason yet as to why the US Economy/markets will outperform.
So, let me get this straight. The fact that we are in a massive overvaluation bubble, by almost any measure, is irrelevant. The fact that corporate buybacks and QE velocity is collapsing, doesn’t really matter. The fact that government officials throughout the world are doing extreme things in order to prop up their respective financial markets, is immaterial.
It is the American worker and their “know-how or resilience” that will save us all and propel our financial markets higher. Crazy!!! That is to say, it might be time to reconsider your relationship with LPL Financial (if you have one). On the flip side….
I don’t know, it is playing out pretty well over the last few days. The primary question is, is this just a bounce or is the market getting ready for another leg higher.
Longer-term, the article is right on the money. “Buying the dip” hasn’t really paid off in over a year now. Unless you are buying right at the bottom and selling right at the top. Plus, we haven’t had a proper bottom since about October of 2014.
Why?
I continue to maintain my view that the stock market is compressing and/or accumulating energy. Once this energy is released we should see very fast moving markets. Something we haven’t seen in quite a few months. In other words, at some point in the future “buy the dip” mentality might backfire big time. I also believe this time is fast approaching.
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 13th, 2015 InvestWithAlex.com
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