The Stock Market: How Low Can it Go?
Even after another day’s carnage in the stock market, it’s no secret that many a television pundit has spent the last several months repeatedly calling a bottom. Fortunately for you, we don’t listen to CNBC. As the markets have been melting away, the Wizard has been short from the beginning. As the screenshot below shows, our initial short call was registered on June 13th. And while the many talking heads were faked out by the weak August rally, the Wizard never once registered a long signal for the market. On September 5th, we, once again, went aggressively short and haven’t looked back since.
How far we fall and for how long is anybody’s guess – although I suspect we have more downside to go. But one thing’s for certain. While everyone’s talking about the Fed, the next big bank to get in trouble and the next bailout, we’re focusing on one thing: the market. Who would you rather be listening to?
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Our Futures Picks? In a word: perfect.
As well as we’ve called the stock market, our futures picks are even more impressive. Once again, the tv talking heads, gold bugs and peak oil theorists have been telling everyone why oil will rise again (all the way to $300/barrel!) why gold is going to $2000, and the dollar is going to zero. Too bad they got it all wrong. But we didn’t. The only thing registering a zero is the number of losers in our futures picks. That’s right – 0 losers, against 38 winners. We caught the selloff in oil and gold, the rally in the dollar and much, much more. In fact, we caught every move there is. Did CNBC call that?
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Forex: The Death of the Dollar Has Been Greatly Exaggerated.
IF the dollar is going to zero, then every other currency paired against it must be going to the moon, right? Guess again. 25 Forex winners, 1 loser. Turns out the dollar is alive and kicking. And we saw it all the way.
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Nobody needs to tell you how much turmoil is in the markets right now.
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