Someone once told me something I’ll never forget: “Just come out and say it.” So, here it goes: “stocks are heading lower.”
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You can feel the tension in the air… investors are afraid. Past times when the BMI approached overbought, we told people to look for an investing bonus level. Meaning, hold great stocks because more gains were coming. That’s because no sellers were in sight.
Investors always want to know, “when will stocks pullback?” We all know nothing is guaranteed. But today I’ll show you my most reliable way to prepare for the inevitable. (Plus a HUGE announcement!)
Months ago, it seemed the market was tipsy. All stocks were flying high and you could feel the bullishness in the air! Stocks could do no wrong. Then there was a change… quality stocks were falling while fluff stocks floated. We were in an upside-down world. It was a sad tale of two markets.
Life ebbs and flows… chaos peaks, then the silence is deafening… Take the family road trip for example: Any family with young kids knows it’s crazy. There’s hectic packing, frantic requests for the iPad charger, and don’t forget to take out the trash. Anxiety soars, and you haven’t even left yet!
Bill: How’d you go bankrupt? Mike: Two ways. Gradually, then suddenly. This awesome quote from Earnest Hemingway’s The Sun Also Rises points out how trends can go.
Baseball hall-of-famer Yogi Berra had a way with words. One great “Yogi-ism” was when he said: “it’s like déjà vu all over again.” We’ve all had that moment like we’ve experienced the exact thing before. In the movie “The Matrix”, déjà vu was a signal that something changed and the bad guys were about to …
Everything loses steam once in a while. We all lose momentum. How many times have you said: I need a break! That’s what vacations are for… Well, for weeks now, MAPsignals data has been signaling a rotation. Reopen stocks have been a magnet for capital. Signs point to that theme stalling and losing steam.
“Houston, this is ground control. We’re ready to launch.”
Fear can be paralytic. So, we like to say, you have to “feel the fear and do it anyways.” When your stocks go against you, don’t be this guy.