3/3/2016 – A positive day with the Dow Jones up 45 points (0.27%) and the Nasdaq up 4 points (+0.09%)
If you have no short-term memory, as is the case with most “professionals” on Wall Street, investment sentiment was downright scary just two short weeks ago. With numerous investors and market pundits calling for an all out crash and financial Armageddon. I wrote about it at that time.
Financial Media Predicts Armageddon – Time To Go Long? (Feb 10th)
Has anything changed since then?
Not fundamentally, but investment sentiment did swing in the opposite direction. With numerous technical indicators now flashing a red light in the “extremely overbought” territory.
But let’s stop for a second to consider our true economic backdrop with two opposite points of views.
- Druckenmiller: Economy won’t hit ‘escape velocity’
- Fed’s Williams convinced U.S. economy will ‘power ahead’
The question is…..whom do you believe?
I will let you decide, but I think the answer is fairly straight forward here. While Mr. Druckenmiller is a Billionaire investor, Mr. Williams verbally BS the market every chance he gets.
Then, there is this.
While true, these two charts below are even more important in terms of long-term forecasting. I have described both in great detail in the past.
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. March 3rd, 2016 InvestWithAlex.com
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