So far in 2020 the NASDAQ has been leading the way and shrugging off the March madness that brought all the indexes down.
Look at the numbers: January 2020 the NASDAQ was at 9,020. By March 23rd it fell to 6,860. Today it’s 11,108.
If you simply looked at the numbers from January to today, the NASDAQ is up an impressive 24% YTD.
The S&P is in second place starting in January at 3,235 then dipping to 2,203 in March and today stands at 3,343…slightly up for the year.
The DOW started at 28,841 in January, dropping to 18,238 in March and is currently 27,269…still negative for the year.
Keep in mind that the NASDAQ and S&P are heavily weighted in a handful of stocks: Apple, Amazon, Microsoft, Facebook and Netflix…all of which are having a great year.
Heavily weighted means that the movement of those five stocks causes (carries the weight) the index to move – up or down – more aggressively.
It also misleads investors into thinking that everything’s getting back to normal and there’s no reason to get excited.
Not so fast.
The economic panic – coming from the blowback of the world being locked down over the CoronaHoax – is coming like a thief in the night.
The boyz in the “Club” know it which is why they DON’T want to lift the restrictions.
It will release chaos.
Cue up lyrics from the Jimi Hendrix rendition of Bob Dylan’s iconic All Along the Watchtower:
No reason to get excited
The thief, he kindly spoke
There are many here among us
Who feel that life is but a joke
But, uh, but you and I, we’ve been through that
And this is not our fate
So let us stop talkin’ falsely now
The hour’s getting late, hey
Bottom line is, “The Hour’s Getting Late,” and the madness of 2020, The Year of Chaos, is shifting into high gear.
Instead of staring at it like the proverbial deer in the headlights, prepare to prosper AND thrive by reading our August issue of “…In Plain English” (HERE).
If we stay on lockdowns pic