10/17/2014 – A strong up day with the Dow Jones up 263 points (+1.63%) and the Nasdaq up 41 points (+0.97%).
The stock market continues to perform exactly as anticipated. In fact, yesterday I instructed my subscribers to cover our short positions. Here is the snippet from our Intraday update. If you would like to know what happens next, Click Here. Trust me…..you need to know.
|Intraday Update: October 16th, 2014: ***** PM. Considering where the market is I will cover now and ******.This would give us a very good exit point and *****. etc….. ****- information not available in the free forum|
Now, let’s get to Stupidity Olympics: FED Vs. IMF
Well, that was fast. Throughout 2014 I have argued that not only will the FED not raise interest rates, they will be re-introducing QE as soon as the stock market tanks. With one minor difference as compared to 2007-2009. They can’t cut interest rates (there is nothing to cut) and the velocity of any money/QE is now exhausted. In other words, the FED has already used their Bazooka.
What I didn’t realize is that it would take an insignificant drop of just 1,500 points on the Dow to bring the topic back up for discussion. Sheer stupidity.
There are a number of things to consider here. From what I have seen, the IMF would not know anything about financial markets. Even if financial markets walked up and hit them in the face. If there was ever an organization that was formed solely for wasting taxpayers money (remember Greece and Cyprus), IMF is it. Second, when the EU Bureaucrats/IMF tell you not to panic…..you know what to do……..PANIC. Better yet, short everything in sight.
I cannot wait for an explanation Christine Lagarde will deliver at the market bottom. I fathom something along the lines of “No one could have seen it coming”. Lunacy.
Yet, the Gold Medal clearly goes to…….
And while the IMF and the FED came in dead heat, the gold medal clearly goes to the Obama Administration for dropping the ball on Ebola, Syria, Iraq, ISIS, etc…. and for working overtime on trying to start a nuclear war with Russia. Have a good weekend everyone.
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. October 17th, 2014 InvestWithAlex.com
Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!