STOCKS DIVE! War, Inflation, Recession Fears, Crisis Economy, Bank Warnings, Shortages, IS IT OVER?
From Greg M
Link To The MMRI (Mannarino Market Risk Indicator) And My TOP STOCK PICKS. Click Here: https://traderschoice.net/about-traders-choice/
PLEASE SUPPORT MY WORK. Click here: https://www.paypal.com/paypalme/GregoryMannarino
I suppose everyone is sitting on the huge losses. Here is something I learnt from experience.
1.
If you want to invest money and you have no conviction on where to invest, what will you do ? You will begin googling looking for experts. Tendency is to lean on someone, invest based on what the expert said and breath a sigh of relief. Damn that expert may be right hand man of JPM who wants to dump on you lol.
Anyway you will find many experts. They are NOT experts but they make money from subscription! Think about it. If they were such great stock pickers, they would be multi billionaire enjoying 7 star resorts somewhere! The life is short. Would they be wasting time running subscription ?
By following them, you believed THEM. Not yourself. If you do not believe in yourself then nobody will believe you. Your investment will not believe you ! If you had no idea where to invest and simply followed some dude, well you will get what you deserve. For example silver is down 50% in last 30 yrs while every expert pumped it. You were better off holding bank fixed rate CD.
I am not even counting countless hours checking silver prices and attacking everyone on message board who called silver a "sell"
2.
Then you will go on message board looking for cheerleaders. You will oppose everyone who does not agree with your investment and get into argument.
Opposite is true. If everyone agrees with your investment, I would sell immediately. If they all disagree with you, thank them and sleep soundly. They will buy from you at higher price and hand you their hard earned cash
3. I have not seen any experts who is right more than 30% ! YUP 30%
However they all begin their newsletter " As I had mentioned multiple times, stocks were supposed to go down ... bla bla bla "
or .. As I had said, tech were looking and lo and behold this rally .. bla bla bla
This is all marketing to gain subscription. Smoke and mirror .. almost always wrong. They may even be on JPM payroll to create liquidity for JPM
I come here because Greg kinda summarizes the news for the day. Which is pure info. I did not buy banks, did not buy crypto. Sold oil at the peak because I think oil will go down as soon as the news comes that the 'economy is slowing' and FED reverts. IMO of course.
You have blown it. Admit it.