09-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

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!  ;-(

Come From Aways, Do You?

More Posts

10-OCTOBER 16-2021

“When trauma comes, we can learn from it, heal from it, and move through it.” –Dr. James Gordon Listen, Pause, Clarify and Validate Our ability to communicate effectively is one of the most precious skills we can develop.  Most of the time, when we think of communicating well, we think of effectively expressing ourselves.  This is certainly important, but listening is the single most important of all communication skills.  It’s what Stephen Covey calls “Seek first to understand and then to be understood.” Listen First and foremost, we must actively listen to what someone is saying.  Perhaps we were given

10-OCTOBER 15-2021

Good morning. Wednesday’s inflation numbers came in at a 15 year high.  But beyond the headlines, core inflation numbers have started to show a slowdown, with a rise of 0.2 percent from August.  It’s not a reversal, but a still-hidden sign that inflation may be moderating.  The bond market picked up on the news, with yields ticking down slightly. If that’s the case, then many of the fears impacting the market right now may go away.  That could explain part of Thursday’s rally, on top of the debt ceiling delay to December.  While we’re not out of the woods yet

10-OCTOBER 14-2021

Good morning. Inflation may be the headline story, but it’s just one factor that could impact corporate profitability this earnings season.  Many companies are able to pass on rising costs to customers from run-of-the-mill inflation.  But higher energy prices, which have been running hotter than official inflation measures, represent a much larger bill for many companies.  We’re already starting to see warnings on that front, including form airline companies, as oil prices hit a seven-year high. But there’s one more threat out there.  Last week, 136 nations signed an agreement on a minimum corporate tax rate of at least 15

10-OCTOBER 13-2021

Good morning. Earnings season is kicking off in earnest this week.  Typically, companies are able to beat expectations most of the time as Wall Street analysts adjust their expectations ahead of the results.  This time around, with companies coming off one-year numbers that look good from the lockdown era, combined with rising labor and energy costs, it’s possible that earnings may have peaked for the time being. If that’s the case, it comes down to guidance and expectations as to where the market goes from here into the end of the year.  With a labor market that’s still somewhat sluggish,

10-OCTOBER 12-2021

Good morning. One sign of an overvalued market occurs when company CEOs step down from their role, often after many years.  It’s tough to bow out at the top, and those who can will try to do so, rather than stay too long and get forced out after a bad decision or market events destroy shareholder value.  We saw a large rush of company executives leave in early 2020, just into the pandemic selloff. Now, that trend has slowed down.  But it’s not over yet.  Henry Kravis and George Roberts, founders of private equity giant KKR, are stepping down as

10-OCTOBER 11-2021

Good morning. The term “unicorn” was created to describe startup companies that had a valuation of over $1 billion based on their latest round of funding.  The notion was that such a company should be rare, as at that size it would make sense to take a company public. Yet today there are hundreds of unicorns.  The rare species has become a herd.  And none is bigger than SpaceX, the space exploration company run by Elon Musk.  A recent funding round has led the company to become the first centi-billionaire firm, with a valuation of over $100 billion. By the

10-OCTOBER 10-2021

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!!! Beautiful red fishing shack and boat house at the Atlantic ocean shore, Newfoundland, Canada …very peaceful! October 10, 2020 The KEY To Change “Everyone thinks of changing the world, but no one thinks of changing himself.” —Leo Tolstoy Everything begins with a belief.  As Ralph Waldo Emerson once said, “Life consists of what a man is thinking about all day.” Along those lines, what we think determines who we are.  And who we are

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Send Us A Message