8/4/2014 – An up day with the Dow Jones up 76 point (+0.46%) and the Nasdaq up 31 points (+0.72%).
The stock market continues to behave exactly as anticipated or as per our exact internal forecasts. And while most market participants are in love with this market and see the recent sell off as yet another buying opportunity, at least Warren Buffett does not share in their optimism.
Buffett Waits on Fat Pitch as Cash Hoard Tops $50 Billion
I know, I know……only if all of us could have the same problem. Yet, it is a serious matter. Mr. Buffett is sitting on so much cash because it is impossible to allocate this capital in an appropriate fashion. Why? Because everything…and I mean everything has been driven up into a bubble valuation territory. Outside of a few special situation and a few potential turnaround stories, there is nothing to invest in. Particularly, if you are looking for value. In other words, the overall market is in a massive bubble and it will pop. As it always does. I can only imagine that Mr. Buffett will be buying hand over fist when there is blood in the streets. As he always does.
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. August 4th, 2014 InvestWithAlex.com
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Why Is Warren Buffett Sitting On $50 Billion In Cash? I’ll Tell You Why Google