The book I’m recommending for December comes in at number five on my top ten list of favorite books of all time. It isn’t just an excellent read, but it’s an indispensable tool to make money in the markets.
You won’t be able to put it down and you won’t believe what your reading even as you’re reading it.
Amazon’s review of the book is the best out there: “Where does money come from? Where does it go? Who makes it? The money magicians’ secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait! You’ll be hooked in five minutes. Reads like a detective story – which it really is. But it’s all true. This book is about the most blatant scam of all history. It’s all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Creature from Jekyll Island is a “must read.” Your world view will definitely change. You’ll never trust a politician again – or a banker.”
What you get from reading this book is an insider’s understanding of how bankers think, how central bankers operate, why they do what they do, and how to profit following what banks do.
After all, bankers run the world with the money, which they make from the “system” that they created.
This book serves to deconstruct it all brick by brick.
The most important piece of any market, the key to understanding how stocks and bonds move, is interest rates.
It’s never bad to get a little refresher on sound investing knowledge, especially when it’s fundamental to your financial future, and I’ve got some key details that many market analysts out there are simply neglecting to admit.
Leveraged loans, very much like subprime mortgages, aren’t a problem, until they become one.
We’re not there yet with leveraged loans, which are above-market interest loans made to companies with less than investment-grade credit ratings, but warning signs in the distance are intensifying.
Markets took a little breather last week, not making all-time highs, which is actually a good thing.
After all, individual stocks don’t go up in a straight line nor do markets. If they do, there’s a chance there will be a reckoning of some equal measure.
The Dow ended the week at 27,875.62, down .5%. The S&P 500 closed at 3110.29, off .3%. And the Nasdaq Composite ended the week down a scant .2% at 8519.88.
What surprised a lot of analysts and talking heads is that we didn’t see more selling as Beijing sounded off against the U.S. Senate for passing its Hong Kong Human Rights and Democracy Act, which was reconciled with the House’s version of the bill and readied for President Trump to either sign or veto.
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Only days after hitting an all-time high of 28,090.21, the Dow Jones Industrials Average slipped 1.15%, closing Thursday, November 21, 2019, at 27,766.29.
That’s a small loss considering that the U.S. is threatening China over its control of Hong Kong.
With Congress passing the Hong Kong Human Rights and Democracy Act this week, which now goes to the White House for the president to sign or veto, markets could see more profit taking, or they could do what they’ve been doing: ignoring bad news and moving steadily higher.
We’re nearing the biggest shopping day of not just the season, but the entire year, so all eyes are on retail. More than ever, there are two clear sides of the retail coin: one side finds success in adjusting to and attracting modern consumer interests, the other is the downtrodden failing to make it happen in the eCommerce status quo. Only one retail stock leads with 90% gains just this year, and it’s set to go much higher… Click here to watch!
I’ve been playing the market game for some time now. Along the way, I’ve made all kinds of trades, called out the market’s mayhem, and pocketed life-changing profits along the way.
I wasn’t always rich. I did all I could to make ends meet until I got a one-in-a-million break to start at the very bottom of a hot New York hedge fund – and you can bet I jumped on it.
Within a year, because of my hard work, I ran my first hedge fund from my very own seat on the Chicago Board of Options Exchange, and then another, leading to my life-changing wealth that I enjoy every day.
Today I get to do whatever I want whenever I want, and I want the same for you.
Last Friday here I told you that timing markets isn’t only possible, but it’s very, very profitable, and I ticked off lots of household names who’ve proven it works by making billions of dollars timing markets successfully.
But there’s a trick to it.
Today I’m going to reveal what it is.
Because a lot of people think this bull market’s going to end, maybe very soon, maybe spectacularly, and they either haven’t gotten fully invested out of fear, or they’re going to sell early, maybe very early, because they’re afraid they won’t see the end coming.
Even worse, investors who don’t see the end coming could ride the market all the way down and lose, maybe everything.
Good timing allows you to load up in the right direction and gets you out of the way when things turn.
The kind of timing that I’m talking about that’s going to make you a lot of money, in bull markets and bear markets, isn’t the kind of clockwork timing that traders employ.
Last week proved that stocks want to go up, which is something that sounds silly, but makes sense.
On the heels of the previous week’s rally, and the week before that, and the week before that, and so on, last week had the benefit of likely momentum. But the week didn’t play out quite that way.
Stocks essentially meandered most of the week shrugging off everything: bad industrial production numbers, good consumer data, President Trump’s speech to the economic Club of New York, and Fed Chairman Powell’s Congressional testimony.
Then Friday came along, as it always does and as has been happening, stocks decided, kind of on their own, which sounds silly, that they wanted to go up.
And they did.
The Dow Jones Industrials broke through the 28,000-barrier ending at 28,004.89, up 1.2% for the week. Stocks in the S&P 500 wanted to go up and they ended the week at 3,120.46, up .9%. Not to be left out, the Nasdaq Composite ended up .8% at 8,540.83. All three were new record highs.