{"id":3426,"date":"2016-02-04T02:33:27","date_gmt":"2016-02-04T06:33:27","guid":{"rendered":"http:\/\/blog.silver-investor.com\/?p=3426"},"modified":"2018-06-10T10:54:48","modified_gmt":"2018-06-10T10:54:48","slug":"seasonality-is-out-of-season","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/seasonality-is-out-of-season\/","title":{"rendered":"Seasonality Is Out of Season"},"content":{"rendered":"<p>A \u201crally\u201d attempt is underway. Stocks are continuing to rebound and all is well with the World?  Or is it?  With each passing day, the United States plummets deeper and deeper into a \u201cblack hole\u201d of debt, of which it will be almost impossible to repay. At the time, of this writing the national debt is $18,939,663,109,937!<br \/>\nTo put this into perspective, the national debt is so bad that if every citizen (including children) were to help pay it off, each one of us would have to contribute $58,652.00.<br \/>\nIn the last couple of weeks, I have informed you of this \u201crebound\u201d in the US Markets.  Yesterday, February 2nd, 2016, a sharp fall in the markets was recorded.<br \/>\nMajor support levels have held, perhaps slightly bent last month, but they did not break.  Major support level of the SPX is 1880.  If this support is breached, it may drop to 1861 before it rebounds. I do not see the SPX sustaining below 1880.<br \/>\nMarkets are once again expected to bounce back.<br \/>\n<a href=\"http:\/\/blog.silver-investor.com\/wp-content\/uploads\/2016\/02\/CHART1FEB32016-e1454567407495.jpg\" rel=\"attachment wp-att-3427\"><img decoding=\"async\" loading=\"lazy\" src=\"http:\/\/blog.silver-investor.com\/wp-content\/uploads\/2016\/02\/CHART1FEB32016-e1454567407495.jpg\" alt=\"CHART1FEB32016\" width=\"600\" height=\"341\" class=\"alignnone size-full wp-image-3427\" \/><\/a><br \/>\nI still have a bullish bias for the market, in fact if my analysis is correct it could last until March 24th.<br \/>\nBut if we do get more downside from this current level it would create another wave of \u201cPanic Selling\u201d and we must hold above the low of January 20th, 2016 or it may be the start of the next bear market for large-cap stocks sooner than later.<br \/>\nThe U.S, Stock Markets have not reacted to any bad news, as of yet. The markets are at their fourth highest level of valuation, in history, according to the Shiller P\/E Model.  Professor Robert Shiller, of Yale University, invented the Schiller P\/E to measure the markets\u2019 valuation. The Schiller P\/E is a more reasonable market valuation indicator than the P\/E ratio, because it eliminates fluctuations of the ratio, caused by the variation of profit margins, during business cycles.  There are only three other periods, in time, that these ratios occurred (1929, 2000, 2007) in with we measured similar readings when the market topped or should I say triggered market crashes and multi-year bear markets\u2026<br \/>\n<a href=\"http:\/\/blog.silver-investor.com\/wp-content\/uploads\/2016\/02\/chart2FEB32016-e1454567527330.jpg\" rel=\"attachment wp-att-3432\"><img decoding=\"async\" loading=\"lazy\" src=\"http:\/\/blog.silver-investor.com\/wp-content\/uploads\/2016\/02\/chart2FEB32016-e1454567527330.jpg\" alt=\"chart2FEB32016\" width=\"600\" height=\"380\" class=\"alignnone size-full wp-image-3432\" \/><\/a><br \/>\nShort term I&#8217;m still bullish but the longer-term bias remains firmly BEARISH!<br \/>\nGet My Trading Forecasts and Trade Signals Today.<br \/>\nMake 2016 Winning A Wining Year For Your Trading Account:<br \/>\n<a href=\"http:\/\/www.thegoldandoilguy.com\/\" target=\"_blank\">www.TheGoldAndOilGuy.com <\/a><br \/>\nChris Vermeulen<br \/>\n&nbsp;<\/p>\n<blockquote><p>David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.<br \/>\nAs publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this&#8230; <strong>90% of the move comes in the last 10% of the time!<\/strong> Where will you be when this happens?<\/p><\/blockquote>\n<p>&nbsp;<br \/>\n<center><a href=\"http:\/\/www.silver-investor.com\/\" class=\"sc-button\" style=\"background: default\"><span><strong>Sign Up For The Morgan Report Today! *<\/strong><\/span><\/a>\n","protected":false},"excerpt":{"rendered":"<p>A \u201crally\u201d attempt is underway. Stocks are continuing to rebound and all is well with the World? Or is it? With each passing day, the United States plummets deeper and deeper into a \u201cblack hole\u201d of debt, of which it will be almost impossible to repay. At the time, of this writing the national debt<span class=\"read-more\"><a href=\"https:\/\/www.themorganreport.com\/blog\/seasonality-is-out-of-season\/\" title=\"Read More\">More<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121,89],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seasonality Is Out of Season<\/title>\n<meta name=\"description\" content=\"Seasonality Is Out of Season\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.themorganreport.com\/blog\/seasonality-is-out-of-season\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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