Contrary to most financial publications, we don’t endorse stories marking the end of the world.
Instead, we use them as cannon fodder to remind you that we’re still in The Most Hated Bull Market in History.
To back that up, here’s two headlines – within the last 48 hours – pushing doom porn for all the addicts.
12 Reasons Why It Is Impossible For Any Rational Person To Be Optimistic About The US Economy At This Point
Druckenmiller: A Decade Of No Returns
Let’s start with the “12 Reasons why…” headline – which assumes that you aren’t rational if you are optimistic about the US economy.
The article starts off buy comparing today with the 2008 meltdown…which was also the beginning of The Most Hated Bull Market in History.
And the author used Gallup Surveys saying that 2/3 of Americans believe that economic conditions are getting worse.
Do the math.
That’s leading you to believe that over 231 million people answered their “Survey.”
Of course, that’s impossible.
Gallup and other “reputable” survey companies come to their conclusions from surveying an average of 1,700 people.
End of the World?
Ironically (or NOT) almost anyone could find 1,700 people – of any demographic – and come up with 1,122 (2/3) to respond in a way that reinforces any conclusion you predetermine.
It’s very similar to how Wall Street research works.
READ: The Biggest Flaw in Financial Newsletters is… June 18, 2021
The article went on to quote Elon Musk suggesting on Twitter: “…that we could be suffering through a recession until the spring of 2024.”
Suffice it to say that Musk – like Warren Buffet and most other Wall Street GooRoos – are constantly “talking their book.”
READ: Why I Hate Most Investment Newsletters January 15, 2022
Which brings us to the Stanley Druckenmiller article: A Decade of No Returns.
With all due respect, Druck is a highly respected, legit, financial guru with a pretty good track record.
But in his “Decade of No Returns” article he leaves the reader with a sense of no hope saying:
“There’s a high probability in my mind that the market, at best, is going to be kind of flat for 10 years, sort of like this ’66 to ’82 time period.”
And ironically (or NOT) he uses 24-year-old MBA graduate key phrases like “Beta Drought.”
“In Plain English” Beta Drought means… a long period of low to negative asset returns for an extended period.
Most financial publications speak to the fear and greed factor in a language that’s foreign most investors.
And they do it in order to get you to zig while they zag.
However, at FinancialsMatter we write in a language that’s simple and easy to understand.
And in our “…In Plain English” newsletter we constantly show our subscribers how to prosper AND thrive in Turbulent Times (HERE).
Learn what Wall Street doesn’t want you to know about the End of the world (HERE).
And learn why we’re still in The Most Hated Bull Market in History in our November issue of “…In Plain English” (HERE).
You’ll thank us later.
We’re Not Just About Finance.
But we use finance to give you hope.
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