Get Ready For The Next Bull Market
The Dynamic Wealth Report
October 4, 2011
by Corey Williams
It’s tough to
be bullish on anything right now…
The S&P 500 has fallen 19% since its April 29th high. A 20% drop
signifies the start of a bear market…
Who wants to own stocks at the beginning of bear market? I know, I
don’t!
-------------Sponsor-------------
Where Can You Turn $300 Into $1.3 Million Right Now?
Our own small-company specialist, Robert Morris, has found a
way to 'sniff out' tiny penny stocks on the verge of a major breakout. And
the timing for this has never been better.
You see, the system takes advantage of an obscure SEC regulation that
sends penny stock prices through the roof.
We've seen some stocks gain 852%... 5,450%... even 17,496% in no time
flat.
Click here
for the details...
-----------------------------------
Right
now, it obvious the market wants to move lower.
Over the last week, anytime the markets have mustered any bullish
momentum, sellers have swooped in to sell into the rally. This is
a clear indication investors are taking any and every opportunity to get
out of stocks.
If you’re a short term trader, there’s really no reason to be
long this market.
The bottom line is Greece and Europe are driving the bus. And
European markets are dragging U.S. stocks down with them. In other
words, Greece is holding the markets hostage.
The way I see it, Greece is now in a death spiral. Yesterday,
Greece said it will miss deficit reduction targets agreed to as part of
its bailout deal. They’re locked in a vicious cycle where they
have to borrow more and more money to pay the interest on their existing
debts.
There’s a name for people, businesses, and countries that can’t pay
their bills. Broke, busted, insolvent, bankrupt… you get the idea.
Simply put, the math for a Greek bailout just doesn’t work.
And just like when an individual or business is insolvent, Greece should
be allowed to default on their debts. And it should be done sooner
rather than later. If not for Greece’s sake… it should be done for
the rest of world.
I’m tired of being held hostage by the fear and uncertainty the
situation is creating. But until it’s done, it’s too risky to own
stocks. For all I know, when Greece defaults it will trigger another
credit crisis.
2008’s credit crisis is still fresh in my mind. I remember Ben
Bernanke reassuring investors the fallout from defaulting sub-prime
mortgages was “contained”. And we all know how that worked out!
It’s easy to see why it’s much better to allow Greece to default now.
The sooner the inevitable happens, the quicker we can we move on.
Until then, stocks will likely continue to move lower.
However, it’s not just Europe… The US economy is slowing toward
recession. And China could be in even worse shape than the US.
Here’s the thing… This crisis will pass.
Whether it happens today, tomorrow, next week, or next year is in the
hands of European leaders. But eventually, it will pass.
What I’m leading up to is this –
Now’s the time to put together a shopping list of stocks you’d
like to own.
Once this crisis is over, stocks will be cheap. And you’ll be able
to pick up some of the best run companies in the world at a huge
discount.
But don’t get in a hurry… right now, most economists still think the US
economy will continue growing. They’re not forecasting a recession
yet. But at this point, I don’t think there’s any way we’ll avoid a
recession in the US.
That means economists still have a long way to go with their downward
GDP revisions. And the further they cut, the lower stocks are
going to fall.
Eventually, we’ll reach a capitulation point. Most retail
investors will throw in the towel and just about everyone will be
bearish on stocks.
That’s when you can swoop in and pick up stocks at dirt cheap prices.
Until then, keep your powder dry and use the time to put together a list
of stocks you want to own when the next bull market kicks off!
Share This Story:
Print
Page
Bookmark Us
Home | Whitelist Us |
Terms of Use |
Privacy Policy |
Contact Us | Security |
Site Map