Australian Stock Outlook Some Harsh Soul Talk
While everyone else is distressed, fortunately, you have been taking advantage of this uniquely valuable service?
Too harsh if you didn't? I could not?have been more aggressive in warning you, for months in advance, about the significant dangers in this market.Imagine, saving thousands, millions, on your portfolio for just $89 or $200 per month. It is a no brainer. One that very few of you took advantage of.?Markets are tough beasts that will rip your arms off without a care in the world. ?
I take great risk in warning you of the downside, and even more in generating the bearish signals that we have delivered for you.?Most of you, of course think the market will recover anyway, so move on, no worries? You will not even get out on a gift horse mouth bounce.?For those who appreciate what I am trying to do for you, this will not be an isolated email. Thank you very much for keeping this service going.
Most of the market is now flooded with homogenised AI regurgitated commentary, that is at best, at its very best, second quartile in capability. Yet, in markets, you need to be in the top 5% to make money long term?It is hard. I do not get it right all the time.
The difference, is that I make the hard calls, like the market could crash, boldly, knowing full well that if I am right, people will say I was lucky, and if I am wrong, well how stupid I was. So I do not do this lightly.
The fact is, over the long term we have called US and Australian monetary policy far more accurately then the big banks and fund managers, and understand that right now, tonight US inflation data is entirely immaterial to the Fed outlook or the course of equity markets.
Yet, the Wall Street spin will beat it up as much as possible, so as to generate as much volatility and trading volume as always. It is an industry designed to get you to invest and to get you stopped out as well.
All the time channeling real workers money up the food chain to the top firms and wealthiest investors.That is just how it is, but it does not man we independent, individual traders cannot fight back and take a chunk from those big institutions?as they begin to believe their own self-absorbing press.?
BACK TO THE MARKET
The Australian market can bounce here, but only modestly. We are talking massive tectonic plate shifts in economics that bankers and hedge funds and Wall Street media and Australian managers are ill equipped to understand in real time. They simply are not street smart enough.This is why many will increasingly divest.
As I said, yesterday, this is now a 'sell the rally' market for the foreseeable future. Probably for the next two to five years. Perhaps six years.
If I am wrong, well a modest loss will ensue, before rejoining a bull market if that is what happens.
If I am right, more of the windfall profits we have been generating for you recently, and a hugely advantageous positioning when the market eventually bottoms. All cashed up and happy and healthy and looking for the next great bull trend opportunities.
Would that not be nice.Most people reading this will be more comfortable 'head in sand', and if that is your thing, Byron Bay has three more feet of sand than before the Cyclone. I guess we should thank the Gold Coast.Longs are getting buried. We shorts are dancing on top of the sand.Again, something to think about.
Having been so cocky, I need to check my thinking. The signals will be out in an hour or two. For our Members :)
Have fun and love,
your un-encumbered economist,
Clifford Bennett
www.cliffordbennett.com.au
You know life was meant to be fun, right.?