Most periods of selling never go down in a straight line. They’re generally made up of up down days and up days that generally trend down. Wednesday’s bullishness looks like it’s a reprieve from the selling more than a confirmation of a low. However, the need to identify opportunities here is important if the market does head higher. Identifying stocks that that have proven resilient may be your first action in finding them.
Now here’s the rest of the news:
Wall Street is back from summer vacation… And it looks like many institutional investors are crossing the first two (related) items off their to-do lists to start this week…
- Sell shares of the Big Tech stocks.
- Make some profits.
We’re not simply speculating here… We’re in a recession, of course… And the knock-on effects will be with us for a while. But the stock market is forward-thinking. Economic data, some of which will probably be “bad” moving ahead, is backward-looking.
The Federal Reserve’s Counterfeit, Printing-Press Money Will Create a Counterfeit COVID-19 Recovery by Bill Bonner
We’re entering a new phase. Up until now, the Federal Reserve was backstopping Wall Street. This created a huge shift in wealth from average people – with few financial assets – to the “rich,” who own most of them.
But it was fake wealth. That is, the U.S. stock market could easily be cut in half. In a flash, about $17.5 trillion of “wealth” would disappear.
A few short sellers – who bet on lower prices – would make money. But most of the $17.5 trillion would simply vanish. Poof! It would be gone.
Because it was never real… never an honest reflection of what America’s companies are really worth.
September 10, 2019
“What you think you become. What you feel you attract. What you imagine you create.”
A number of prominent CEOs have stated that a business should serve to enrich their customer, employees and communities. This is a shift away from the last 22 years, when the thinking was that shareholders, the folks risking their capital in a company, should come first.
The “Hick’s Law” trap
Keep it simple. Why?
Hick’s Law states that the more information we give our prospects, the harder it becomes for them to make decisions. Human brains are lazy. Too many choices mean our prospects have to think too hard to make up their minds.
We might want to rethink the videos and the PowerPoint presentations of the past. Ask ourselves, “What would we like? A long presentation or a short presentation?”
Here’s Tip Tuesday Video entitled, “Eliminate the price objection with stories.”
Did Tip Tuesday Video makes sense? 😉
September 10, 2018
In the words of Dwight D. Eisenhower…
“Motivation is the art of getting people to do what YOU WANT them to do because THEY WANT to do it.”
September 10, 2017
It’s time to leave PEI and travel west to New Brunswick. This will be the third new province discovered on this Maritime vacation. I’ve been looking forward to this journey across the Confederation Bridge, and had looking without success, for a vantage point to photograph the bridge.
Unfortunately, we were unable to locate such a spot or to even obtain a postcard. Fortunately last year my buddy made the same journey and was able to capture some great shots of the bridge before traveling across it.
We have so much to see in New Brunswick, but taking into account our late arrivals at the places we had booked accommodation, we decided to check-in first, then sightsee. We arrived in Monton, checked into the Rodd Hotel, unpacked our bags and met in the lobby, all before 1 PM.
What we were about to discover next — was, from my limited understanding of the area — a bit far-fetched. Supposedly, two or three locals were going to ride the Tidal Bore on surfboards as the wave came in and was to flow up-the-river. Maybe you understand what we were about to witness, but I assure you — I did not!
Sure enough, as the tide began to enter the narrow mouth of the river, a swell of water — a tidal wave formed — and just as our surfers were awaiting this wave, they mounted their boards and rode the wave past our observation spot on the boardwalk. I did not fulling understand what I just witnessed until we went to Hopewell Rocks National Site and looked at the topological drawing of the area in question. More on that tomorrow.
We took our pictures, and shot our videos — then headed out for lunch just down Main Street.
After lunch, we each went our separate ways, deciding to meet after in the evening for dinner. I decided to take the Kia to the carwash and checkout a couple of geocaches in the area. Dropped Caryl off at Chapters.
Esme, as we found out later, changed her upstairs-room to be right-in-front of the swimming pool. We went for supper together, and we’re all back at the Rodd for a good-night’s sleep.