3/14/2019 – A mixed day with the Dow Jones up 7 points (+0.03%) and the Nasdaq down 12 points (-0.16%)
The stock market remains at an incredibly important juncture. Things are about to accelerate in an unexpected way. If you would like to find out what happens next, based on our timing and mathematical work, in both price and time, please Click Here.
We have some wonderful news for a change. Something Mr. Trump is surely to take credit for……
The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. That’s up 2.5 percent from 2017.
Even as the ranks of the mass affluent grew, the pace slowed because of “weakening global economic growth and a contentious U.S. political environment,” said Spectrem Group President George Walper.
I would hate to rain on this wonderfully bullish news, BUT this sort of a thing typically appears at the end of a business expansion cycle. Or, in this case, giant Ponzi Scheme credit expansion cycle.
It shouldn’t come as a surprise that so many people benefited, directly or indirectly, from trillions of artificial credit flowing into the economy. The real question is, as Warren Buffett puts it, how many of these newly minted millionaires are swimming naked as the tide goes out.
Luckily, you don’t have to guess what the stock market will do next under such 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.
