The FREE Investment Newsletter That Really Works!
The latest edition of the Financial Intelligence Report is up, and today in the free newsletter, we're talking about the fraud and manipulation that is stock buy backs. Until 1982 they were deemed illegal by the SEC, as a way that companies might manipulate their shares.
Well in 2019 about 70% of the entire market's move is based on stock buy backs. So we take a look at that swindle. We also talk about the sticking point that is S&P 2800 and whether we can push up and over it, or if the rally fails here. Give it a read, it's good stuff, and of course, it's Free.
All Fraud, All the Time
In the past few days I’ve had several people email me, complaining about this crazy stock market. I’m going to post the following, because it is very typical of the things I’ve been receiving:
The most common description of a portfolio, is a bunch of investments designed to bring you a profit. But I argue that investments don't always have to be for profit, they can be for material return.
What I'm getting at, is that when things are fine, and all is well, then buying stocks and bonds and CD's etc, are an excellent way to grow your wealth. But, when times are bizarre as they are becoming daily, maybe some investment in "things" starts to make sense. We see what's happening in Venezuela, and we see people hunting for food in dumpsters. Those people would much rather have a fridge full of food, than a bank account.
Consider "investing' in things that can get you through a tough time. That's a worthwhile portfolio.
We also talk about the market of course. The S&P is edging ever closer to that 2800 level, an area that has served as stubborn resistance in the past. Will it get through and challenge the all time highs?