Stock Markets Best Month for 20 Years
Stock-Markets / Financial Markets 2009 Jul 31, 2009 - 10:35 PM GMTBy: NewsLetter
Dear Reader
The stock markets close July with many widely tracked indices experiencing their best performance for the month of July for more than 20 years. Many commentators are writing "where are the investors?", as few have ridden the rally, which is the whole point of a stocks stealth bull market as most investors smarting from the bear market remain paralysed by fear of the preceding bear market that either miss or in fact consistently bet against, convinced by a stream of statistics as to why this rally should imminently terminate, no matter that the so called 'bear market rally" has risen some 40% and for asian markets more than 100% since the March lows.
Dow Jones Index ended July at 9171, Up 725 points, 8.6% on the month, Up 2701 points, 41.8% from the March 6470 low.
In mid March i wrote -Stealth Bull Market Follows Stocks Bear Market Bottom at Dow 6,470
In Summary - We have in all probability seen THE stocks bear market bottom at 6470, which is evident in the fact that few are taking the current rally seriously instead viewing it as an opportunity to SELL INTO , Which is exactly what the market manipulators and smart money desires. They do not want the small investors carrying heavy losses of the past 18 months to accumulate here, No they want the not so smart money to SELL into the rally so that more can accumulated at near rock bottom prices! Therefore watch for much more continuous commentary of HOW this is BEAR MARKET RALLY THAT IS TO BE SOLD INTO as the Stealth Bull Market gathers steam.
Most recent analysis of 23rd July projects towards a 2009 target of 9,750 to 10,000 by the end of October 09.
FTSE 100 Index ended July at 4608 Up 359 points, 8.5% on the month, Up 1148 points, 32% from the March 3460 low.
In mid March i wrote -FTSE 100 Index Stealth Bull Market as Bear Market Bottoms at 3,460
This article is a quick update which includes summaries of recent analysis and the initial FTSE buy triggers for what I expect will turn out to become a multi-year bull market whilst the vast majority of market participants (small investors / analysts) FAIL to recognise the stealth bull market now underway until many months and a good 30% rally has already taken place as the perma bears that have enjoyed much press coverage as the bear market raged WILL continue to convince most investors from failing to participate, leaving only the smart money, i.e. hedge funds, fund money pools and yours truly to accumulate.
I expect the FTSE to follow a similar track to the Dow and target 5,000 this year.
Your Stealth Bull Market Trading Analyst
By Nadeem Walayat
http://www.marketoracle.co.uk
Copyright © 2005-09 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.
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