Never have I seen the public GOING BESERK on any trade successfully. In other words, there are just TOO MANY bulls and that means the price can still FALL (and it is).
Every week, more retail investors are betting that these UNECONOMICAL oil prices are going away, but the problem is that they can get MUCH LOWER before they finally turn around.
Clothing companies, for example, can close the factory during the virus. Fabric machines are easy to operate. Around the world, $2/hour workers make most of our cotton products. Shoes, furniture, TV sets, toys and most other mass-produced items are SIMPLE TO CREATE – but not oil.
This one REQUIRES professional and SPECIALIZED personnel. You can’t just shut these babies down and come back to them, as supply and demand EQUALIZE.
Leveraged businesses, the type that SHOULD BE restructured and ought to see MORE CAPABLE management taking over, aren’t feeling too distressed when both Washington and the Federal Reserve feed them like a mother provides for her LITTLE ONES.
We’re digging our own GRAVE. As we speak, governments are creating the ULTIMATE CRISIS.
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Thinking 3-10 years into the future, I’m already concerned about the NEXT MELTDOWN.
I think many billionaires believe that the next great financial disruption will NOT BE dealt with through bailouts, but by way of restructuring.
Therefore, they are already HOARDING gold. On top of this, we might get a chnace to own blue-chip companies, such as the ones on our WATCH LIST, at a discount. Access it HERE!
In Europe, where the unified currency, the euro, has been an ABYSMAL FAILURE, people still don’t understand that each 100 EUR IN 1999 now purchases a SIXTH of the gold it did back then.
Saving fiat currency is a FOOL’S ERRAND.
The breadth of the market is a PHENOMENAL indicator of its health. What we don’t want to see is the index RISING due to only a FEW DOZEN companies that are gaining in price – in other words, higher overall prices in the face of a PREVAILING negative price action.
If you were CEO of a company with 500 employees and you had five superstar workers (FANNG), while the rest were troubled people with personality or addiction issues, (debt, shut down sectors), would you consider your company to be healthy? This is a metaphor of the health of the market.
This is what the S&P 500 looks like today – a few MAGNIFICENT businesses and many that are not going anywhere.
Crisis forces one to RE-EVALUATE his life. Starting from his CORE BELIEFS, he applies the habits that guide him and his COMMITMENT to having a better life for himself, by RELENTLESSLY pursuing the improvement of the lives of everyone around him.
Something that I’ve found to be MOST USEFUL to me is to split my mind between GIVING THANKS for the blessings I’ve received and the ones that I will receive (envisioning the completion of my goals), with focusing on how to make everything around me FEEL and BE better.
It’s like an inner voice, which constantly says that if you want MORE FOR YOURSELF, figure out how others can HAVE MORE as well.
Think of your own household, your friends, colleagues, co-workers, clients and employers, if you have them. GIVE THEM MORE!
The markets have gone up NON-STOP since the MARCH LOWS, so profit-taking will occur very soon.
Research Partner, PortfolioWealthGlobal.com
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Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
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