Dow - wave (xiv)

Dow (17,416)

Dow gained 225 points (+1.3%) on Thursday. Hopefully it has completed its wave c of (xiv).

FBMKLCI (1,782)

If KLCI continues with its sub-wave iii of wave (i) formation. I expect this major wave 5 to last until early 2017 if the asset bubble and Dow can hold on for another 2 years.

Nouriel Roubini

"The asset 'frothiness' should continue for a couple of years, then the bubble will grow, pop and there is going to be a crash "

"The equity markets are 'stretched' and they are going to become more stretched."

Click 'Mother of all asset bubbles' for the report.


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