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Please read tonight's article, it's got a story about a gent that I know who never gave up on his dream, and now his dream is coming true. I met this man 20 years ago, and watched him battle against all the negatives for years untold, and now, things are beginning to really shine for him and his dream. He just had a meeting with Senator DeSanti's wife, and there's a news conference scheduled for Thursday morning. Heartwarming story, please read it.
Then of course I have to talk about the insane volatility as we've had 900 point down days, 300 point up days and days like today where the market did a 1200 point round trip. Why the volatility? Why were treasury yields crashing? Why did 3 Central banks slash interest rates? We talk about all that and more.
Hello all, today in the Free investing newsletter, we talk about all the rabbits that the Central banks have been able to pull out of their hats. It's truly astounding how they've been able to keep the wheels from blowing off this entire system. Think about the debts that were unpayable 10 years ago. They're double that now. The banks that were too big to fail and failed anyway are even bigger. Our dollar is officially worth 3.9 cents now. On and on I can go, and yet somehow, we're all still here.
Yet we know that trees don't grow to the moon, and we know that markets can't go up for ever. So when does it end? Hww does it end? Give today's free newsletter a read and get our thoughts on it.
A couple weeks ago I was talking about the increased censorship we were seeing from Google and Facebook and YouTube. It was getting really ugly, and anyone with a Christian, or alternative news outlet was getting blocked and shut down. Now, that wasn’t terribly surprising to me, because about a year ago I wrote about Youtube setting up a “tattle tale” operation, actually rewarding people who shut down the most sites for “inappropriate’ language.
Here’s an interesting tid-bit: The S&P 500 went 94 days without a +/-1% change and then had 5 in 8 days.
That pretty much sums up what has been going on over the past few days. Since the big plunge and bounce on Monday, we’ve seen the market travel up and down over 1000 points combined. I didn’t take the time to add up the swings today, but suffice it to say, it was wild.