I’m talking about precious metals and the miners…of which we already own (Gold/Silver, miners and ETF’s). So, I guess I’m saying I want to load up even more.
I’ll walk you through my thinking next, but this is also a good time for a “portfolio mindset check”.
These are most valuable exercises…for all of us…whether veterans or newbies.
Thank You Bear Market Rally!
Oct 02, 2015
Good Friday morning all. ABYSMAL is me being nice…Septembers job creation figures of just 142,000 new jobs came in a full 60,000 lower than the estimates. In addition, and this is just as big, both July and August job figures were revised lower by a total of 59,000 jobs.
(From Sep 29, 2015 VRA Update)
In my most recent updates I’ve written about two concepts;
1) Bear market rallies are sharp and fast…and we are perfectly set up for one. The market has bottomed and the move higher could be furious.
2) Someone has to be right; either the FED and their ongoing prediction that they must raise rates this year, due to a strong and growing economy. Or, the current bear market will be right…and the action globally has been suggesting anything BUT a growing economic situation.
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I rarely re-print anyone’s work in whole cloth, but in my view, literally every American should read this.
Excellent work WAR…you’re speaking exactly to the angst in America. And yes, Trump should hire you as his only PR guy and speechwriter. Just one man’s views…
Kip
This Should be Trump’s Answer When Asked “Is Obama a Muslim?”
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By Wayne Allyn Root
Donald Trump is now being asked “Is Obama a Muslim?” I have a few answers for him.
First, why does it matter? Obama is destroying America, American exceptionalism, middle class jobs, and America’s respect and standing all over the world. Whether he’s a Muslim or Christian is meaningless. The real question is “How Do We Make America Great Again?”
How do we pay off $18 trillion in debt before it implodes the US economy? How do we create an economy offering something besides low-wage, part-time jobs? How do we save the middle class from Obamacare’s doubling and tripling of health insurance premiums? How do we save the world from Muslim radicals?
Whether Obama is a Muslim or Christian won’t solve any of the disasters he has so deftly put into motion.
Secondly, although Obama claims to be a Christian, it’s certainly not dumb or ignorant to wonder if he’s telling the truth. After all, he has a history of lying with impunity about so many things.
He looked the American people in the eye and lied when he swore “If you like your healthcare plan, you can keep your plan. If you like your doctor you can keep your doctor.” At the moment Obama made that promise he was lying. Internal White House documents reported that 93 million Americans would lose their plans.
And, he promised Obamacare would reduce the cost of health insurance premiums. Wrong.
And, he promised Obamacare would reduce the deficit. Wrong. The CBO has walked that line back.
And, he promised “Obamacare will create 4 million jobs.” Off by 6.5 million jobs in the wrong direction.
He lied about all of it.
Then there were his lies about Benghazi…or do you still think it was a spontaneous uprising based on a movie no one ever saw? The facts prove it was known to Obama as a terrorist attack at the moment that he announced it as a protest based on a movie offensive to Islam.
Obama lied about the IRS scandal. It’s not small…it wasn’t a mistake…it wasn’t based in one office in Cincinnati. If you believe either Obama or one of his political operatives wasn’t giving the orders to persecute conservative groups and critics (like me), I have a bridge to sell you in Brooklyn.
Obama called Bush “unpatriotic” for adding $4 trillion to the national debt and promised to cut the debt in half during his first term.
This was such an audacious lie that once in office Obama never mentioned it again and instead added triple the debt of Bush ($12 trillion) and more debt than all the Presidents in US history COMBINED by the time he leaves office.
Third, Christianity includes a broad range of religious beliefs and practices. Obama chose to attend a church in Chicago where he followed, befriended, and looked to its minister, Jeremiah Wright, as a spiritual advisor. This is the same Jeremiah Wright who preached hatred for America, white people, Jews and Israel… and screamed “God damn America” to his congregation.
Most American’s would call such a church led by someone like Jeremiah Wright a cult, and his followers (as a best case scenario) weird, bizarre, radical, America-hating Christians.
Fourth, my blue-collar butcher father had great common sense. He always said “Actions speak louder than words.”
Let’s look at just a few of Obama’s actions:
There is a worldwide war on Christians. Christians are being persecuted and murdered. Not only does Obama say and do nothing, he has taken numerous actions (the Iranian Nuclear Deal being the most obvious), that directly put Christians (as well as Jews) in more danger. Strange behavior for an American president, whether Christian or not.
Why does Obama refuse to use the words “Muslim” and “terrorist” in the same sentence?
He refuses to even admit that ISIS is a Muslim group even though their name stands for “Islamic State.”
Obama has quietly imported over 250,000 Muslim immigrants into America per year during his presidency.
How many are terrorists? How many want to live under Shariah law? How many are on welfare, thereby overwhelming our system?
Obama claims we’re winning the war against ISIS, when the facts show we are losing.
He appears to be purposely doing nothing and buying ISIS valuable time to grow stronger. Soon they will be impossible to stop.
One Muslim boy was offended by his teachers and Obama immediately invited him to the White House.
Has any child of a police officer murdered in the line of duty, or the child of any of the U.S. soldiers murdered by a Muslim at Ft Hood ever been invited to the White House?
When American heroes were shot by a Muslim terrorist in Tennessee, why did Obama refuse for almost a week to lower the White House flag to half staff?
With Iran, Obama agreed to the single most pathetic and dangerous treaty in American history…a treaty that lets a terrorist state monitor itself.
A treaty that gives a terrorist state a massive $150 billion reward that will be used to support Islamic terrorism all over the world…and kill Americans. A treaty filled with secret agreements Obama won’t even show US Senators. A treaty that left behind four US prisoners. He then re-wrote the rules of the Constitution that require the support of 2/3rds of Congress to ratify any treaty.
Even those Americans who are unwilling to admit they were wrong with their votes in 2008 and 2012, and want to keep their heads buried in the sand, must admit that this is bizarre behavior for an American President, even one who is a member of a bizarre, radical Christian cult.
So…Donald Trump’s answer should be…
With friends like Obama, Christians don’t need enemies.
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Important Point: I am not looking for a retest move to those 8/24 lows. However, I would not be surprised to see the market give up half of that amount.
In addition to continuing uncertainty about the FED, and their moves going forward, the market looks to be facing several new risks, directly ahead.
It’s exactly this kind of scenario that beckons all card carrying contrarians to ask the obvious question; should we act with the majority… those expecting the FED to stand pat…or should we take the flip-side of the majority view, sell everything and then go 100% short stocks? Should we stay or should we go?
Must Read for All Active Investors…For These Two Reasons:
1) If the Market Crashes, the FED Will Have Blood on Their Hands
2) Regardless of What Happens, THIS is the Exact Environment the VRA Was Made For…We’ll Continue to Beat the Markets Handily Either Way
I’ll Explain Both (briefly) Below:
Without question, these last couple of weeks have been incredibly difficult for the average investor, both here and globally. Most emerging markets have losses of 30% to 50% off of their annual highs, and in the US, we’ve just experienced our first “true correction” in 4 1/2 years, with the major indices falling more than 10% from their peaks (anything over 10% is considered a correction, with anything over 20% considered a bear market).
It’s hard for me to be more clear about this then I’ve been. We will have much MORE QE in our future. Why there’s this talk about raising rates is little more than a farce.
If Yellen and her team of “can’t shoot straight monetary gangsta’s” moves forward and increases rates by even just .25%…in THIS environment…then all bets will be off for global equities/global economies. And yes, that means that the likelihood of a crash would then become very, very real.
VRA Update (Aug 18, 2015)
At the risk of sounding “emotional” (because emotions and money have no business even being in the same room together), this continues to feel like a market that wants to go lower. It also feels like volatility is about to begin a slow boil…