A relatively flat day….the Dow Jones lost -11 points (-0.07%) while the Nasdaq gained +16 points (+0.37%)
After a massive sell off in Asia overnight, most bears proclaimed that the US market will take a hit as well. The markets did open up with a large gap down, but were able to recover most of their losses to end the day either up or flat. Even thought negative fundamental data, overvaluation data and speculative bubble metrics continue to pile up, the bears cannot catch a break.
WHAT GIVES?
Well, it’s rather simple. Based on our mathematical and timing work, the stock market has an internal mathematical structure. It must hit its points of force before any bear market or a reversal can take place. Believe me, the fundamental bearish data above will come in to play, soon enough, but for the time being the market doesn’t care. If you would be interested in learning exactly when the bear market of 2014-2017 will start as well as it’s exact internal composition, please Click Here.
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Stock Market Update. March 12th, 2014. InvestWithAlex.comGoogle