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Tesla Rolled Over, and Where it Goes Next is More Important than You May Think
I’m not the kind of guy to say I told you so, but if I was, I’d sure be saying it now.
That’s a joke, kind of. Because I did tell you that Tesla was the poster boy for irrational exuberance and “that one stock is a bellwether for the entire market.”
I told you that on Friday, August 28, 2020, right here in Total Wealth in an article titled “The First Bellwether You Need to Watch to Avoid a Portfolio-Wrecking Loss.“
When Tesla rolled over, when it “corrected,” meaning fell 10%, that was the bell ringing out its warning, that was the time to make sure your stops were locked and loaded, that was the turning point for the market.
As a bellwether it worked perfectly. Tesla hit an all-time high on Monday August 31, two days after I said to watch it. It was up a remarkable 495% in eight months. The next day it fell 4.66%. The next day, Wednesday, as the S&P 500 and Nasdaq Composite were making all-time highs, Tesla fell another 5.82%. The warning couldn’t have been any clearer or louder, while markets were making new highs Tesla was down 10% in correction mode.
How to Make More Money Than Wall Street Wants You to Make
Mark Ford shows you how you can do better than an 8% return on your investments.
A Powerful Story About the Immense Beauty of Capitalism
Recent polls show socialism is quickly gaining popularity across America. That’s why our mission is so critical…
The Tech Melt Up, The Man Behind the Curtain, and Being Suckered
This is a true story.
It’s about U.S. mega-cap tech stocks and equity markets melting-up this summer and how one man drove the action, suckered in retail investors, and painted Wall Street’s biggest pros into a corner. It’s also a lesson for retail traders on how the big boys play and how to not get played by them.
The Tech Bubble is Imploding…
Valuations have been stretched and it’s high time some of that air gets let out of the bubble. The rally could go higher… but it depends on one industry, and that industry could surprise you. Click here to watch.
Where This Franken-Market Is Headed Next
Should we really risk our money by investing in businesses when the head of the Fed says things are going to get worse?
What Happened Last Week Was an Illusion – and It Could Bring the Market to Its Knees
Last week was entirely an illusion.
The week started out well, got better by Wednesday, but fell apart. And what looked like a nasty storm on Thursday seemed to calm itself down by the end of trading Friday.
But the storm hasn’t passed, and if it doesn’t dissipate quickly, meaning by this week or by the end of next week, it could completely obliterate what progress we’ve made.
And, if all hell breaks loose, we could easily be down 20% or more by the end of next week, or sooner.
The One Word That Sums Up Today’s Problems
Too often we attribute problems to evil or greed or any number of human vices. But perhaps we need to add this word to the list.
Everyone Has a Plan Until They Get Punched in the Mouth: What You Need to Do When the Fed Realizes It’s in Trouble
Just because the master manipulators at the Federal Reserve say they’re going to backstop U.S. bond markets, as well as debt on corporate balance sheets, doesn’t mean they can.
It’s true they’re managing easily enough in the early rounds of the fight to save debt markets, corporations, and the economy, but they’re going to have to do more, including the impossible, when their real opponent comes out swinging.
As Mike Tyson famously said of Evander Holyfield’s fight tactics to beat him in their first bout, “Everyone has a plan until they get punched in the mouth.”
Three Criteria to Use to Rate Your Broker
Does your broker have your best financial interests in mind? Mark Ford provides three helpful tips so you can effectively rate your broker.