11/21/2014 – An up day with the Dow Jones up 89 points (+0.50%) and the Nasdaq up 11 points (+0.24%).
We live in interesting financial/investment times. I’ll bet you my left kidney, actually no, make that both of my kidneys, that just 10 years ago a surprise rate cut or QE by either China/Japan/EU/US would not have been viewed as a positive development. On the contrary, it would have been viewed as a terrible economic development that would warrant a massive sell-off as opposed to a rally we saw today.
Welcome to the twilight investment world where central banks can simply print their way to prosperity and where the bad news is viewed as “great” news. But as we all know, that only works until the markets decide to collapse from their bubble valuation and excessive speculation levels. It is never different.
How close are we to that juncture? Consider a small sample of today’s media reports……..
- Dow 20,000 and how we’ll get there
- Here’s how Apple gets to $1 trillion
- Don’t get carried away by rising stocks
That is to say, today’s market conditions are about as bullish as they can get. There are no bears left and everyone expects this market to go up. Yet, when stocks are selling at incredible valuations levels (reminiscent of 2000 and 2007 tops) and when people start forecasting outlandish metrics, typically, the top is not that far behind.
I will leave you this week with a quote from non other than Warren Buffett as the time to be fearful might be at hand…..“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”.
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 21st, 2014 InvestWithAlex.com
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