E&S Review |
Data massaged by statistical techniques (tricks) are revised when nobody is looking, or Administrations or public policies change.
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The Economy & Stocks (E&S) Report, a series of videos, provide depth to today's review. The E&S Report should be mandatory for all subscribers. 2023 will be a difficult and volatile year. It leads an important transition to 2024. Investors need to be prepared for 2024.
The majority never gets timing right. They're bearish when they should be bullish, and vice versa. They also have a long history of becoming bag holders.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” - Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds.
Mackay reminds us that the majority, the collective conscious of all investors, to be swayed by the emotions and behaviors of the crowd. The majority, a group that struggles with timing, find themselves being bearish when they should have been bullish, and vice versa. This traps them as bag holders when trends against the majority's expectations. The stock market often defies expectations, rising when everyone expects a recession, and vice versa. This is why we follow the invisible hand rather than opinions.
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Federal Budget for June 2024
The federal budget hides trends that only the computer can see. We'll talk about this more in E&S Report update when time permits. Bottom line, it's time to be worried. Get ready to move. Although waterfall declines come out of nowhere for the majority, they're not surprises for the minority.
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