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Technical Market Indicators
Dow Theory, W.D. Gann, MetaStock, system tester, indicator builder, custom formulas, momentum, overbought, oversold, buy, sell, signals, top, bottom, Bull, Bear, consolidation, sentiment, contrary opinion
March 1, 2021
Stock Market Outlook: "head-smacking craziness in the American stock market"
Preview from my weekly report*
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To summarize the current situation, stock prices fell further last week as investors appeared to grow more apprehensive about irrational speculation fueled by reckless government spending and printing of fiat currency backed by nothing but "trust us". History shows that faith in governments has limits. Hard to say exactly when that might happen, but we want to be ready for anything in 2021 because, like 2020, anything could happen. Above all, we want to be safe and survive, because that always is the most important thing.
Meanwhile, the smartest people in the room are becoming more vocal.
Michael Burry, "The Big Short" hedge fund manager who made hundreds of millions short selling subprime mortgage instruments in 2008, warned of hyperinflation.
"We believe that hindsight will show the champion of head-smacking craziness in the American stock market to be the period playing out right now,” writes Paul Elliott Singer, billionaire founder of Elliott Management hedge fund. A "flamboyant line-up" of excesses will come back to haunt investors.
Legendary investor Jim Rogers warned about negative effects of enormous money printing on financial asset prices and the purchasing power of fiat currencies.
Warren Buffett, chairman and CEO of Berkshire Hathaway, writes, "Investing illusions can continue for a surprisingly long time. Wall Street loves the fees that deal-making generates, and the press loves the stories that colorful promoters provide... Eventually, of course, the party ends, and many business 'emperors' are found to have no clothes... Bonds are not the place to be these days... Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future."
Charlie Munger, Vice Chairman of Berkshire Hathaway, said he is critical of recent "wild speculation" in stocks, which he says is more gambling than investing. “I think all of this activity is regrettable. I think civilization would do better without it.”
Our full report reviews indicators that we monitor every day and offers clear and unbiased guidance on the following each week:
Global stock markets
The Defensive stock sectors
The Health Care sector
The Cyclical sectors
The Technology sector
The Financials sector
U.S. bonds and notes
Commodities (Oil, Metals, Agriculture)
Objective Quantitative Rankings for hundreds of Exchange Traded Funds
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Make no mistake, the ongoing global economic and financial crisis has not been fixed by any sound or lasting solution. History shows that the authorities will not protect you or give you any advance warning--but we will.
If you agree that making money while staying safe is better than taking big risks in the stock market and exposing your nest egg to potentially ruinous losses, we would be very happy to implement our time-tested strategies for all of your assets. It makes good sense to choose protection--especially at this time when the financial world is stretched out of proportion.
We are always happy to discuss your goals and concerns and answer all your questions.
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My ETF Rankings are not investment advice. Rather, they are an objective ongoing research study.
Analysis of market forces may offer a sense of probabilities. But the many variables that can impact market prices are notoriously difficult to predict. And, market analysis is something less than an exact science. So, sound trading tactics are always recommended. See my Money Management Rules.
According to CFTC Rule 4.41, hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
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