Have markets all gone mad? Take a look at this chart. It shows you how many stocks in the S&P 500 are trading at more than ten times sales. It’s a shocking display and may go down as the poster child chart for today’s madness. This chart needs to go on your fridge. Speaking of your fridge, how’s your lazy cash doing? Is it eating all your leftovers, drinking your milk, and not doing the dishes? Hey, I get it. We all have cash that’s lazy, and sometimes it needs a little tough love. But be warned, there’re plenty of scoundrels out there looking to "take the pressure off of you,” and … [Read more...]
Want to Buy A Condo in China? Are You Kidding?
Everyone wants to be a contrarian investor these days. Look no further than your friend’s kid day-trading his life away. Maybe to profitability. But it’s a long way to the finish line. Tired of hearing the war stories? Then let’s run a test. Ask Mr. Smarty Pants about buying a condo in China. That’s what I thought, “Are you kidding?” will be the typical response. But isn’t yesterday’s drop in stocks a unique buying opportunity? You know, everyone wants to buy the dips, but knowing it’s a dip and not a crater is about as reliable as a fortune cookie prediction. We’ll know what this one is … [Read more...]
You Won’t Believe How Tame the Dot Com Bubble Looks
Check out the number of S&P 500 stocks trading at more than ten times their sales. I’m not talking about ten times earnings. This is sales. You know, the price you pay for your house, your groceries, your heating bill—not the profit the company selling to you hopes to make. Imagine if the world you and I live in was priced this way? It would make inflation look like a drop in the bucket. Well, that’s how these companies that index funds are buying hand-over-fist are priced. Look at the number of S&P 500 stocks trading for more than ten times their annual sales on the chart below. … [Read more...]
What It Takes to Be like Tom Brady
You may have noticed that Tom Brady threw for five touchdowns yesterday. Ho-hum. Just another day at the office. Why can’t the Patriots get good players like Brady? Actually, New England fans are pretty excited about rookie QB Mac Jones, a product of Nick Saban’s Alabama. Heading into this season here’s what Saban and Patriots head coach Bill Belichick talked about regarding drafting Jones. What did Nick Saban, Bill Belichick discuss about Mac Jones ahead of NFL Draft? Nick Saban and Bill Belichick are obviously very close, as Saban is perhaps Belichick's closest friend in the … [Read more...]
Breaking News: October RAGE Gauge and Market Corrections
OK, a major Wall Street firm came out recently and predicted a fifteen percent correction in the market. What should you do? Well, as Your Survival Guy, I continue to stick with my investing plan regardless of what Wall Street predicts. As you know, predictions are cheap. Why? Because more often than not, these predictions are reversed when their crystal balls turn out to be not so crystal clear. So what’s the point? The point of the predictions is to instill fear. Nothing gets the phone ringing like the prediction of a market correction, especially one of this magnitude. Ring, ring, ring … [Read more...]
Shortages Plague Biden Economy: “NOW THE NORM”
You probably never imagined an America where shortages are "now the norm." But that's exactly how the Biden-economy is being described by Reuters. Howard Schneider and Timothy Aeppel report for Reuters: Shortages of metals, plastics, wood and even liquor bottles are now the norm. The upshot is a world where buyers must wait for delivery of items that were once plentiful, if they can get them at all. [Lauren] Rash [owner of Diamond Brand tent manufacturer] has piles of tents she can’t ship because she can’t get the right aluminum tubing for their frames, for instance, while others lack the … [Read more...]
I Can’t Believe I’m Agreeing with George Soros, Here’s Why: Part II
You know I'm no fan of George Soros, (especially since he gave $1 million to reelect Gavin Newsom) but when it comes to BlackRock and their meddling in China, he has a point. In a recent op-ed, Soros points out the hypocrisy in BlackRock's promotion of ESG funds here in the United States, and its foray into Chinese investing. He wrote: BlackRock takes its responsibilities for its clients’ money seriously and is a leader in the environmental, social and governance movement. But it appears to misunderstand President Xi Jinping’s China. The firm seems to have taken the statements of Mr. … [Read more...]
Your Retirement Life: Snowbirds Can’t Wait to Get Back to Florida, Texas
After spending a winter in their northern homes, retirees who normally head south for the winter, known as Snow Birds, can't wait to get back into the sunshine. Clare Ansberry reports for The Wall Street Journal: A growing number of people, many now vaccinated, expect to head south for the winter despite the Delta variant spread. About 90% of the estimated 1 million snowbirds who travel annually from Canada, say they will head for warmer areas compared with 30% last year, assuming the land border reopens to nonessential travel later this month. Land border restrictions remain in place through … [Read more...]
Work Hard in NY and CA? Prepare to PAY Under Democrats’ New Tax Plan
Are you one of your state's most productive citizens? Do you already pay hundreds of thousands, or even millions in taxes to state and federal governments each year? Your hard work is appreciated by House Democrats, who are happy to relieve you of even more of your money. Democrats have released a tax plan aimed at paying for their planned $3.5 trillion spending bonanza, and it takes direct aim at high-income Americans. Here's a brief of the plan from Robert Frank of CNBC: The proposals include a 3% surtax on taxpayers earning more than $5 million a year. They would also raise the top … [Read more...]
I Can’t Believe I’m Agreeing with George Soros, Here’s Why
I can’t believe I’m agreeing with George Soros of all people, but what he writes here is correct (except for the part about ESG investing). What’s incredible to me is George Soros has spent the last years of his life fighting tooth and nail against America. Why the change of heart? Perhaps he’s got some money stuck in China? BlackRock, the world’s largest asset manager, has begun a major initiative in China. On Aug. 30 it launched a set of mutual funds and other investment products for Chinese consumers. The New York-based firm is the first foreign-owned company allowed to do so. The launch … [Read more...]
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