Doc & Todd... Bill Doug & Jeffrey Too!
Published: Wed, 09/12/12
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09/12/12 ~ The Mid Week Market Watch...
Dear Toolbox Readers,
Today is September 12th and once again we are reminded of the senseless tragedy that took place 11 years ago. Since then a lot has changed in the world and today the greatest threat to our nation is our debt and the looming "fiscal cliff".
Congressional critters are ratcheting up the blame game and I expect it could get quite ugly before they all decide to come to another "grand bargain" where... you guessed it... they will raise the debt ceiling yet again.
The whole thing is laughable. It is so pathetic and I don't really think they should call it a debt ceiling anymore. It is a debt TARGET and they have every intention of getting there no matter what.
What does it all mean to you?
It means that inevitably interest rates will rise and your taxes are going to go up as well. Sure there are those that are all "doom and gloom" and predict a total financial collapse on a HUGE scale. But when I look at how the whole game is being managed I tend to think they can keep the debt ponzi running for quite a while still.
When you think about the prospects of the financial future of the country, your community and your family let me suggest the following...
You need to get as many fiat notes as you can while you can and if we find ourselves in some future where the US Dollar is no longer the go-to currency I suggest you get as many of whatever "they" wish to use as you can.
We all know that there is financial repression going on. It is a simple process whereby they FORCE people into riskier assets to earn a decent return by keeping interest rates artificially low for savers and those who would buy "cash instruments".
That is why the market is so attractive, even at these levels. If you know what you are doing you can make a decent return with limited risk and quickly move to the sidelines if need be.
Maybe you have noticed that the markets are hitting highs not seen in years and with more QE pending and clear intention by all the big players to continue printing and bail-outs why would we suspect the joyride to be over?
Making 8% on a stock in a month beats the heck out of making 1% a year in a money market or CD. The problem is many people think the game is rigged and the big boys are out there to get them and want to eat their lunch.
While there is no shortage of shenanigans in the market where else are you going to go?
If you can avoid making silly mistakes you can do ok and realistically you have to be "in the game" if you are going to win.
We provide great tools for those looking for stocks to trade and on our shows we like to bring guests that can also help you with things that we do not specialize in.
We had Doc Severson on the show and we have had Todd Mitchell too. Here is a link to Todd interviewing Doc and it is some pretty good stuff. If you like to trade options I would check it out.
We will see you tonight on the show at 8pm Eastern Time and look ahead at what is coming next.
Until Next Time...
Best Wishes and Good Investing,
Doug Newberry The Investing Systems Network
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