Dear Wall Street Insights & Indictments Reader,
We’re back to buying the dip.
At least that’s the official word from President Donald Trump.
He said on Tuesday, “We have companies – the greatest in the world, and they’re doing really well. They have record kinds of numbers. So, I think it’s a tremendous opportunity to buy. Really a great opportunity to buy.”
And, he may be right – about buying this dip, that is.
He’s definitely right about America having great companies and about them doing “really well.”
The thing is, the market doesn’t listen to anyone’s recommendations, nor does it care.
Markets do what they do for their own reasons.
Those “reasons” include investor psychology, which is decidedly scared, like a deer in the headlights.
Trend and momentum are usually kissing-cousins reasons, and they’re down and have been picking up speed.
Then there’s the under-the-radar – for most investors and pundits, at least – reason: Algorithms and program trading run by computers on autopilot, for the most part.
Of course, there’s also earnings, which used to be the reason to buy or sell stocks.
But, no one talks about earnings, except for the president’s reference to them, when psychology is scared and negative, when trend and momentum look like an Olympic ski jump, and when machines are running the asylum.
Maybe we should close our eyes and ears to the markets’ reasonings and focus on earnings.
If we do, there are a ton of “stocks on sale…”
It’s going to be an interesting close to the year, and even more so to see how we kick off 2019.
While 2018 was the most volatile year for stocks since the financial crisis, it was a profitable one for members of my elite services (you may remember the quadruple-digit profit opportunity I crowed about back in February).
And it was a successful year for members of the rest of Money Map Press’ publications.
So it’s no surprise that 2018 was a landmark year for my publisher.
We had record-breaking sales, record-breaking performances, and delivered chances at record-breaking gains for our readers – and now it’s our turn to give back.
I’ll cut to the chase (because this is the important part) – we’re sending checks to readers like you. Each person can be entitled to receive $1,500 at minimum.
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I’ll be back with you soon. Bon weekend!