The Bears

George Soros has doubled down on his bet that the S&P 500 is headed for a fall.

Marc Faber is another investor that's prepared for a market collapse, " ..... I am hoping for the market to drop 40% .... "

To read more, click 'Soros and Faber Are Betting On A Market Collapse'.

A 40% drop for Dow is a 6,630 points pullback from its 31st December 2013's peak of 16,576 level to about 9,950 level as shown. That is the mega wave 2 of the super wave VII.

Many investors and analysts believe that we are currently in the midst of a stock bubble. And of course there are also other experts such as Joel Kurtzman that have different opinions.

That is also basically how a market can exist, you always need a seller and a buyer for a transaction.

I am a strong believer that we are in the midst of a stock bubble that will burst ultimately. But I have no idea when the bubble will burst or whether it has already burst after setting its historical high of 16,576 on the last day of 2013.

 

At this moment, after 2 hours of trading, Dow continues to move higher by another 150 points (+1%) to 16,253 level, whereas Nasdaq is currently trading in record territory at 4,305 level, 33 points higher than its previous historical high of 4,272 recorded last week on Tuesday. The market sentiment at this moment is generally positive but don't forget that the positive sentiment can turn negative with two or three days of sharp losses.

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