NewCover with LOGO

09-SEPTEMBER 23-2023

Asteriod StrikeToday!

 

 

 

 

September 23, 2022

Worth the Wait_2Good morning.
The US dollar has seen some big moves relative to other currencies.  The dollar is strengthening in part due to the Federal Reserve’s rapid rate of interest rate increases.  But it’s also due to demand to get out of weaker currencies like the Euro and Yen.
As long as the dollar is strengthening, however, other assets will be under pressure. A stronger dollar in international markets can mean a higher price for oil, gold, and other commodities relative to weaker currencies.  And countries that export to the US can benefit as their currencies are relatively weaker.
This trend will likely continue until the Fed stops raising interest rates.  And as long as investors are looking to be defensive with cash, the US dollar will still be the global go-to place to park that wealth.  Traders can profit on the downside, as a strong dollar will continue to push asset prices lower as long as the trend is in place.

Now here’s the rest of the news:

Fed Predicted To Make Game-Changing Rate Move
Wall Street finally looks to be embracing the idea that the Federal Reserve will hike rates into restrictive territory and stay at that high rate for a substantial period.  That is, the Fed will hike and hold, not hike and cut as many in the markets had been… [Read Here]

September 23, 2021

A time to RememberGood morning.
The volatility of the past week has been a wake-up call for some.  However, there’s also been a lot of overly bearish fears.  It’s true that we expected markets to have a pullback.  That’s usually what happens in the autumn.  And with the market going a record time without even a 5 percent drop from its peak, there was certainly some room for a drop.
Now with the Evergrande debacle, some see a bigger drop ahead, perhaps even the next bear market.  But the psychology for such a drop just isn’t there.  Bull markets don’t die of high valuation.  They end when traders are all-in.  Given the number of more cautious traders on the way up – ourselves included — this recent volatility may continue.  But it’s not going to result in a full market meltdown.

Now here’s the rest of the news:

Goldilocks Is Dying –Nouriel Roubini, Project Syndicate
How will the global economy and markets evolve over the next year?  There are four scenarios that may follow in the months ahead, and all of them are grim… [Read Here]

September 23, 2020

Wild Ass QuessesGood morning.
Even with the recent selloff, the stock market is near all-time highs.  So, too, is the housing market.  On Tuesday, home sale data indicated the highest levels of sales since 2006.  A big bump occurred in homes with a price of over $1 million.
That trend in home sales shows the dichotomy in the economy right now.  The high unemployment has largely been driven by low-wage workers whose businesses were shut down. Higher wage workers faced no shutdown, and, if anything benefitted by working from home and reduced spending out.  It’s not quite in bubble territory yet, but home sales may cool off as relocation trends slow, giving stocks the upper hand once again.

Now here’s the rest of the news:

Market Rout In This Sector As Ruth Bader Ginsburg’s Death Creates Uncertainty Around Obamacare  
Healthcare stocks tumbled on Monday after the death of Supreme Court Justice sparked concern that the court would dismantle Obamacare…

The Real Cost of Biden’s Plans
Presidential candidate Joe Biden has pledged that his administration will pledge that his administration will impose no new taxes on Americans making $400,00 or less and that there will be “no raising taxes … on mom and pop businesses.”  Both his policy platform and his record belie that promise.

September 23, 2019

Don't be fooledGood morning.
“When the tide goes out,” Warren Buffet once quipped, “You find out who’s been swimming naked.”  Last week’s surge in oil prices revealed at least one trader, who made bets on the price of crude – and was caught proverbially naked.
One trader, based out of a Singapore-based subsidiary of Mitsubishi, ended up booking a $320 million loss.  Rather than being allowed to claw back to a profit, the trader, who allegedly manipulated the company’s risk-management system to build such a big trade in the first place, was fired.

**  **  **

Want to see an example of adding a few emotional words to help with an objection?

Objection: “I don’t think I should start now.  Things are not looking good at my job.  I need to conserve my cash.”

Us: “I would be scared too.  You have all your eggs in one basket.  And your job and boss control the basket.  That is a horrible feeling.  You don’t look like the sort of person that likes taking big risks.  Let’s start a second income now, so if your job goes away, you won’t lose 100% of your income.”

**   **   **

Coffee Dreams Dashed

Facts, PowerPoint slides, presentations, videos, brochures, and information put our prospects’ minds into analytical mode.  Deadly.

We want to avoid analytical mode at all costs.  In this mode, there is a long and usually endless dialogue that never comes to a conclusion.  This will delay the decision and we will hear:

“I need to think it over.”

 

I would not need to think this over!

Obviously I love, [understatement] my coffee.  A ‘specialty’ coffee on average costs around $5 … A few mochachinos a week could really add up.  Imagine if the sign above appeared in your favorite coffee shop?  It didn’t … but just imagine!  ;-(

IMG_0712
Come From Aways, Do You?

More Posts

02-FEBRUARY 26-2024

Today I started another book, “Everything I Know About Success I Learned From Napoleon Hill” by Don M Green. Now here’s the rest of the

02-FEBRUARY 25-2024

Today!         February 25, 2023 Bio-Replenishment is the innate ability of a living organism to continuously refill its expended (depleted) chemicals that

02-FEBRUARY 24-2024

Today!       February 24, 2023 Good morning. The next market downturn may already be here.  This week saw manufacturing data show a continued

02-FEBRUARY 23-2024

Today! Now here’s the rest of the news: IRS Issues Announcement On Tax Refunds Tax refunds so far this year are noticeably smaller than they

02-FEBRUARY 22-2024

Today we are reading “Bio-Replenishment for Bone Health” by AS Naidu which is turning out-to-be a slower technical read. Now here’s the rest of the

02-FEBRUARY 21-2024

Today I start taking iron supplements! Now here’s the rest of the news: More Soaring Costs For Americans Auto insurance is up more than 20

02-FEBRUARY 20-2024

Today is a school day… which means I’m on-the-bus! Now here’s the rest of the news: The American Dream Is Dead. And THIS Is What

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment

Send Us A Message