Wed, 3 October 2018
Eric Hadik joined us today. He's still confident that gold and gold stocks will begin a longer term up trend in the 4Q. The US dollar will be stay strong for the foreseeable future and oil is going to shortly peak. the stock market while still hitting new highs is getting closer to a top. We'll know soon enough. Stay tuned. |
Wed, 3 October 2018
ETF's (exchange traded funds) are all the rage on Wall Street. They've seemingly eliminated the need to be a stock picker. Just choose a sector, buy the EFT, set it and forget it. But there's a problem. The number of publicly traded US stocks is down nearly 50 percent. Therefore, the breadth of the market and the stocks actually going up has been shrinking. We've seen many companies get bought out or merged out of existence. Since Sarbanes Oxley's passage during the Bush admin, the number of new issues has dramatically declined. When things do start heading south, ETF's will be the equivalent of pouring gasoline on a fire. |
Wed, 3 October 2018
October is National Lie to Your Pollster Month! It's time to put an end to polling madness. Before there was fake news, there was polling. Virtually all polling results released to the public is agenda driven astroturfing. We the public should lie to our pollster no matter what the issue or the questions being asked. It doesn't matter if you're right or left or libertarian. The goal is to make polling so inaccurate and fallacious that the media gives up on this not so subtle form of propaganda and manipulation. Remember, so-called poll results are not news, they are the opposite of news. They are created to push a point of view that is usually the opposite of reality. Polling is a pseudo-science who's time has come and gone. Let's drive it from the American political landscape! |