A down day with the Dow Jones down 42 points (-0.25%) and the Nasdaq down -12 points (0.28%)
I am looking at this market and I am at awe. Literally. And I am not even kidding you. My mouth is wide open in disbelief. Very rarely does the stock market present us with an opportunity to see so many divergences, so much speculation and so much animal instinct at any one time. I can only remember 2000 and 2007 tops display identical behavior.
It is literally like watching a lit fuse disappear into a container load of TNT.
Perhaps nothing is screaming louder than the flattening yield curve, collapsing interest rates and it’s massive divergence with the stock market. The 10-Year Note is at 2.43% and down 3.2% today alone. The chart above (courtesy of ZeroHedge) speaks for itself. Basically, either the stock market is about to implode or the bond market (considered by many to be more intelligent) has lost its mind.
Now, a lot of investors are betting that the bond market has gone nuts as they continue speculating in the stock market on margin (highest margin level since 2000). Who is right here? Will the market surge to set a blow off top or will it collapse. I think we are about to find out.
From my vantage point and based on my mathematical/timing work, the answer is undeniable. Again, my work shows a severe bear market between 2014-2017. 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 exactly when the bear market will start (to the day) and its subsequent 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. May 28th, 2014. InvestWithAlex.com
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Daily Stock Market Update. May 28th, 2014. InvestWithAlex.com Google