11/17/2014 – A mixed day with the Dow Jones up 13 points (+0.07%) and the Nasdaq down 17 points (-0.37%).
A number of interesting articles for your consideration.
One and the same as I am still trying to figure out why our Nobel Prize winning economists (aka financial charlatans) can’t figure this out. Japan falling back into an “official” recession despite its market pushing to a 6-year high is a clear indication of that.
It is rather simple. Today’s markets and most western economies are out of sync with reality, overpriced, driven by cheap credit and destructive FED policies. Everyone knows that. The more important question is……. where would our markets be, for instance, if the stimulus is withdrawn and fiscally conservative policies of the late 1990’s are reintroduced?
Would the Dow find itself at 15,000 or 10,000 or maybe even 5,000? One thing is for sure. It wouldn’t be sitting at today’s levels.
That is why I tend to agree with Wilbur Ross. Sooner or later the stimulus money runs out, speculative spirits vanish into thin air, credit velocity slows and financial markets fall right back to where they are supposed to be. To their natural level of equilibrium. I think we are about to find out exactly how that plays out and where that level is.
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. November 17th, 2014 InvestWithAlex.com
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