8/13/2014 – An up day with the Dow Jones up 91 points (+0.55%) and the Nasdaq up 45 points (1.02%).
The stock market continues to perform as anticipated. I am sure you have heard before that it is the stock market’s job to fool as many people at once at possible. It is true. And given today’s prevailing view on the Street, what is the worst possible thing that can happen? First, this is how most investors see today’s market.
Liquidity is plentiful. Global financial conditions are the best they’ve been in four years, the strategists note. Moreover, global companies have tremendous amounts of ready cash to spend on organic growth, acquisitions, share buybacks and dividend hikes.Corporate profits are solid. Both top-line and bottom-line growth rates are picking up, and more companies are participating in this expansion. Stock valuations are attractive, and Wall Street sentiment is encouraging. The S&P 500 (^GSPC) trades at a forward P/E multiple of just over 15, in line with its historical average. And the firm’s contrarian Sell Side Indicator, which tracks Wall Street strategists’ recommended portfolio allocation, shows that market experts are even more bearish than they were in the worst of the 2008-2009 financial crisis — which is, in fact, a bullish sign.
Right!!! In other words, buy everything in sight. The Dow will be at 40,000 by the end of the year.
Yet, the question remains. Given the prevailing view, what is the worst thing that can happen? A bear market….a crash…..aliens landing on the White House lawn or the Dow surging to 100K? While you can try to figure it out on your own, you can also rely on my mathematical and timing work. With my subscribers being aware of not only what happens next, but WHEN. 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 13th, 2014 InvestWithAlex.com
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