08-AUGUST 30-2021

Adapt to Change

Good morning.
Many retail investors are still upset over being locked out of buying shares of companies like GameStop (GME) or AMC Entertainment (AMC) back in late January.  They’re still around, as evidenced by how shares of those companies haven’t gotten back to their pre-gamma-squeeze prices.
Much like those who supported Bernie Sanders or Donald Trump, what’s going on is a sort of populist movement that now has the power to both move markets and expose how the big players rig the game in their favor time after time.
This remains one of the biggest yellow flags to the market, as these ungovernable traders could eventually win big, then take their winnings to cash or the crypto markets, leading to a drop in stocks.  With market valuations high and breadth of new all-time high stocks low, it’s another reason to be cautious going into the autumn season.

Precious Metals Prices
Price at week’s end (change over last week)

Gold … $1,818.12 (+2.0%)
Silver … $24.10 (+4.3%)
Platinum … $1,020.44 (+1.5%)
Palladium … $2,446.00 (+6.0%)

Now, here’s the rest of the story:

After the Gold Standard, Government Grew and Dollars Shrank
Most think Nixon’s 1971 decision took the U.S. off the gold standard.  In truth, the dollar was already weakening.  Here’s why… [Read Here]

Social Security’s COLA Isn’t a Raise
The official U.S. inflation rate remained at its 13-year high in July.  That’s cranking up the pressure on Social Security.  Even so, COLA is not a raise – here’s why… [Read Here]

Avoid the Herd of Bulls Stampeding Toward the Exit
Every stock market bubble is fueled by irrational optimism and blind hope.  When the bubble pops, the prudent are already gone.  Here’s how to avoid the brawl at the exit… [Read Here]

August 30, 2020

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy!

Describing its beauty!!!  Saint-Pierre and Miquelon, France.  Just minutes from Newfoundland’s southern coast!!!

Hate-to-leave-France-behind

You know how much I hate to leave France behind.

Your Mental Journey

As you’ve come to know by now, improving your health and fitness transcends the body.  It’s just as much — arguably more — a mental journey as it is a physical one.  And along those lines, we want to do everything we can to help you increase your mental fortitude.  And today’s quote, which comes from Greek Stoic philosopher Epictetus, is a perfect example of how you can sharpen your mental ninja skills:

“It’s not what happens to you, but how you react to it that matters.”

In other words, we don’t always have a choice about what happens to us in life, and yes, “bad” stuff is going to happen.  But how we perceive and how we react to life is what truly matters.  Think about how much energy can be lost spent worrying, stressing, and dwelling on things that happened — or didn’t happen — or when things didn’t go your way.  Was that a good use of your time and energy? What good came out of that?

How did it affect your sleep?  How did it impact your food choices?  How did it influence other behaviors?  Did you skip workouts?  Did you turn to unhealthy vices or comfort foods?  Did you treat others poorly?  Did it distract you?  Did you find that you lost focus?  Did you end up making poor decisions or even critical mistakes?

Simply put, think about how a negative reaction led to an even worse outcome!  Even though you didn’t control the triggering event, your response can lead to a domino effect.  On the other hand, think about a time when life threw you a curveball, and you made the difficult choice to respond with resilience, creativity, and optimism.  You saw it as a learning experience and a growth opportunity.  With that mindset, only good things can ensue.  You will always come out on the right side.  If you have children, think about a time when something didn’t go right.  Think about how you reacted with patience, resourcefulness, and a sense of humor.  And think about how your clutch reaction circumvented a catastrophic meltdown, and instead, created a memory.  Another way to think about Epictetus’ quote comes from a comes from actor and comedian Jim Carrey, who said, “Life does not happen TO you.  It happens FOR you.”  Or, as success coach Craig Ballantyne says, “Control what counts, cope with what you can’t, and concentrate on what counts.”

To You!!!

August 30, 2019

Morale ChartGOOD AFTERNOON.
In the financial news this morning… Argentina is asking the International Monetary Fund (IMF), and other creditors for more time to pay off $101 billion in debt.  Should there be no new agreement on terms, Argentina may not be able to pay, and cause a sovereign default on their debt.

If this happens, it will be the ninth time the country has done so.  Typically, bankers learn from making a bad loan or two to a customer, but for the IMF to get it wrong nine times on just one country makes one wonder why the bank is in the business of banking.

NOTE: Sovereign default is a failure in the repayment of a county’s government debts.  Countries are often hesitant to default on their debts, since doing so will make borrowing funds in the future difficult and expensive.

And you think you’ve got problems…

IMG_0712
Come From Aways, Do You?

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09-SEPTEMBER 18-2021

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09-SEPTEMBER 17-2021

Good morning. We’re fans of following company insiders when they buy their own shares.  That’s because they only buy if they see a good value going forward.  Most company insiders are partially compensated in shares, so they have plenty of reasons to sell, from portfolio diversification to big spending bills like a second house or divorce. Overall, buying with company insiders produces excess returns compared to the market.  But they’re not the only insider group out there. Consider Congress.  Last year, two senators sold off stocks after an early hearing on Covid and before the big crash.  House Speaker Nancy

09-SEPTEMBER 16-2021

Good morning. Yesterday marked the 13th anniversary of the collapse of Lehman Brothers, a “victim” of over leverage on the US housing market.  Yesterday also marked the day when Evergrande, a Chinese real estate firm, stated that it wouldn’t pay interest on its already-collapsing bonds. For years, many have warned about the size and rate of China’s real estate buildup, from empty cities to investment homes that sit unused (one of the few places where citizens can park cash).  While we’re optimistic that the damage can be contained to China and not impact global growth too much, we also can’t

09-SEPTEMBER 15-2021

Good morning. We’ve warned for weeks that stocks are at elevated levels, and that a modest pullback would be likely.  Now, however, investor sentiment has gotten heavily bearish, for more than just a small pullback. That’s somewhat concerning, as fears of a market pullback could lead to enough profit-taking and cash-raising that it becomes a self-fulfilling prophecy.  However, a market so quick to get so bearish could also be a sign that there’s still a major rally ahead.  Bull markets don’t die when investors get fearful.  Rather, it’s when investors get so bullish that they go all-in at record highs.

09-SEPTEMBER 14-2021

Good morning. With Labor Day weekend over, oil prices should be trending down.  The summer driving season in North America is over, and it’s largely an American phenomenon.  However, expectations for a potentially colder-than-average winter are keeping a bid under oil prices right now. At a time when traders typically expect lower prices going forward, oil is now at a 5-week high and trending higher.  And Bank of America analysts see crude oil pumping as much as $100 per barrel under an exceptionally cold winter scenario.  It’s likely that gas prices may remain higher for longer than expected, and can

09-SEPTEMBER 13-2021

Good morning. Last week, Treasury Secretary Janet Yellen warned that the measures underway to preserve cash at the US Treasury were likely to run out in mid-October.  Unless Congress acts to raise the debt ceiling, there could be a potentially debt cliff where a number of government programs simply don’t get paid. That’s a scenario that nearly unfolded in 2011. 10 years ago, it also provided the stock market with a flat return for the year and a closest thing to a selloff since the housing crisis two years before that.  Last week’s market weakness may be starting to reflect

09-SEPTEMBER 12-2021

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy! Describing its beauty!!!  Fishing boats on the River Gwaun at Lower Town in Fishguard on the Pembrokeshire coast in Wales,U.K. It doesn’t matter how you get there … only that you come to visit! September 12, 2020 Whew! This year has definitely been one for the books. Between the “illness”, unrest, and just general uncertainty 2020 can move anytime! But, you know what really helps me when things get super overwhelming? Gratitude. Staying focused on the things

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