11/10/2014 – An up day with the Dow Jones up 40 points (+0.23%) and the Nasdaq up 19 points (+0.41%).
The stock market continues to behave just as anticipate. If you would like to find out what happens next, please Click Here. In the meantime, a number of important articles you should be aware of…
- New York Post: US economic growth is all an illusion
- The Economist: Top 0.1%’s wealth about to overtake bottom 90% for first time since 1929
To quickly summarize, the US Economic miracle is nothing more than a smoke screen perpetuated by the FED intervention and its massive infusion of credit. And that has lead to fake growth, fake money, fake jobs, fake financial stability and overvalued/fake stock market. That should not shock anyone reading this blog.
One of the most disturbing side effects of the FED intervention is the destruction of the American middle class for the benefit of a very few. A gradual, yet accelerating pattern that has been in play since the financial crisis of 1998. Thanks Greenspan!!!
Unfortunately, no economy can function properly when the top 0.1% or 5% or 10% control 95-100% of national wealth. That is to say, should this trend continue the US is a stone throws away from turning into a Banana Republic.
Will pitchforks ever come out???
I wouldn’t bet on it. The American populous is more interested in what happens on the next episode of The Biggest Loser than the overall state of the US Economy. And if 2009 financial crisis didn’t change that, nothing will. As a result, all we can do now is trade this market and profit from it.
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. November 10th, 2014 InvestWithAlex.com
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Top 0.1% Of Wealthiest Americans Have More Than Bottom 90%. Pitchforks Coming??? Google