An up day with the Dow Jones up 49 points (+0.29%) and the Nasdaq up 29 points (+0.68%)
Today’s market action is a perfect illustration of why the stock market doesn’t follow fundamental economic data nor news. It leads both. After a few “fuzzy math” calculations at the Department Of Commerce Q-1 GDP growth was re-adjusted down 2.9%. That’s right, the GDP contracted 2.9% in Q-1 of 2014. It is very rarely that we get a chance to see the stock market sitting at an all time highs while the GDP growth is negative. Enjoy it while it lasts.
I know, I know. Everyone expects Q-2 growth to be over 35%, hence the stock market valuation levels. Yet, there is a bigger story here. As I have mentioned before, the stock market is oblivious to any of this. It doesn’t care. It is simply tracing out a beautiful mathematical structure that could be found within its composition. When it completes this structure, the market WILL fall. Even if the GDP growth accelerates to 78% for the rest of the year.
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. June 25th, 2014 InvestWithAlex.com
Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!
Daily Stock Market Update. June 25th, 2014. InvestWithAlex.com Google