The FREE Investment Newsletter That Really Works!
Good evening all, welcome to this edition of the free investment newsletter. Today we're talking about Norway and their enormous sovereign wealth fund, and the fact that they've been directed to increase their stock holdings to a whopping 70% of their holdings.
Think about that for a minute. When you buy a stock, you're worried about the price, the "value" the P/E, etc. When these guys buy this is what they say, and I quote " We don’t have any views on whether the market is priced high or low, whether bonds and stocks are expensive or cheap,” he said in an interview after presenting second-quarter returns in Oslo on Tuesday.
Well there you have it. This guys going to be buying 275 million a day in stocks, and he couldn't care less if the stocks are overpriced or not. Unreal.
Then in the market section, we talk about the "levels" we'd need to see to continue thinking we have more highs coming. We put out the specific numbers we're watching. Give it a read, it's valuable stuff.
For thousands of years, people have been predicting the end of times. Well, history shows that so far they've all been wrong. But when we look at the world today one has to wonder if indeed the Biblical end days are getting close. So in tonight's commentary, we discuss the censorship that Google, Youtube, twitter, etc is embarking on. We look at the elitist agenda's to "homogenize" the world, and think about what it all means.
Then in the market commentary, we suggest that it looks like for the first time in many months, ( years) that maybe, just maybe we're setting up for our first meaningful pullback. The charts say so....what do the Central banks say? They're the ones in control.
There are some things that you just shouldn’t try and predict. The exact top or the exact bottom of a market for instance. Another that’s been a failed enterprise for several hundred years has been people claiming the end of the world. Many Preachers have claimed to know the exact date that the world would end, only to have the sun come up the next day, and life was exactly like the day before.