9/17/2014 – An up day with the Dow Jones up 20 points (+0.12%) and the Nasdaq up 9 points (+0.21%)
Most markets continues to trade within the confines of their 3 week trading range. And despite Janet Yellen’s dovish stance, one primary question remains. Now what? With today’s backdrop of less liquidity, proposed higher interest rates and a massive speculative bubble in the stock market (well, most asset classes), what happens next?
Perhaps Bill Fleckenstein has the answer. Fleckenstein on missing the rally: ‘So what?’
“I think the stock market is more crash-prone than ever,” Fleckenstein said Tuesday on CNBC’s “Futures Now.” “So will we get through September and October without some sort of an accident? I don’t think we will, but I don’t know-we’ll just have to see. If you want to pursue idiots like the Fed doing crazy policies, and if you think you can get out in time, go for it. I don’t want to try to do that. Fleckenstein may have missed out on gains, but “so what?,” he asked rhetorically. “When markets decline, how fast it will be taken away from you.”
He is right on the money and that’s what most people or investors don’t get. Despite the bulls hyperventilating about how great this bull market is, once a bear market gets going or god forbid crashes, most of the gains accumulated over the last few years will vanish into thin air. In a matter of weeks, if not days. In fact, repeat after me…. “POOF”. Yep, just like that.
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. September 17th, 2014 InvestWithAlex.com
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