4/28/2016 – A down day with the Dow Jones down 211 points (-1.17%) and the Nasdaq down 58 points (-1.19%)
Quite often stock market insanity index (Symbol: NUTS) tops out at the same time the stock market does. Here is just a small sample from today to get your blood boiling….
On Thursday’s close, the current bull market will likely become the second longest in history. If we define a bull market as a period of time in which the S&P 500 rises 20 percent from its prior low and does not subsequently fall 20 percent from a high it has hit, the current bull market dates to March 9, 2009, and has lasted 2,606 calendar days, through Wednesday’s close.
You can define a bull market or pigs flying in any way you want, but that doesn’t make it so. Pull up a chart of NYSE (largest index by capitalization) and you will see it top out in July of 2014. Close to two years ago. It has been in distribution every since and now flashing a clear bear market pattern that did decline over 20% earlier this year. So, what bull market???
Billionaire Carl Icahn, who first disclosed his stake in Apple Inc. almost three years ago, has sold out of his position, the activist said Thursday.
Never play another man’s game. Here is what Mr. Icahn told you exactly a year ago. CARL ICAHN: Apple is worth $240 per share At that same time I warned you with Alert: Smart Money Is Trying To Distribute Apple (AAPL) To Fools, by saying “There is another name for all of the above. Distribution. The smart money is trying to unload their massive positions to unsuspecting retail investors in an illiquid market. A game that is as old as the stock market itself.”
Translation: Apple’s innovative drive died with Steve Jobs. Invest accordingly. And finally…..
That’s according to Forrester research, which published a study on the topic Wednesday. Consumers will increasingly factor in trust when it comes to making purchasing decisions, and companies will need to show investors how well they perform relative to competitors, said Forrester analyst Fatemeh Khatibloo.
Seriously……people actually pay to develop these idiotic studies? Does that mean I have to change my valuation work or how one picks investment opportunities? This is pure “this time its different” nonsense. It never is.
Alright, I feel better now.
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. April 28th, 2016 InvestWithAlex.com
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