By: Steve Smith
OK, so good news doesn’t sell much these days. We’ve all heard the old newsroom maxim “if it bleeds, it leads.”
That is perhaps doubly true in the financial publishing world. Publishers all over the world are constantly trying to sell FUD.
Fear, Uncertainty, and Doubt.
I get it. If people think “the end is nigh” they will buy more gold and buy more expert advice about how to survive the “crash,” buy more BTC, buy more of whatever to make them feel more secure and less at risk.
But is all this money printing really going to be the end of the world? I don’t have a crystal ball, but I can look at some of the numbers and see what is happening…
The US Dollar Index is just over 90.99 as I write this. That is down since March of last year but it’s a lot better than in 2008 when it was in the ’70s.
As of the time I am typing this, market indexes are up today across the board. The Russell 2000 is up over 1.75% on the day!
The Fed has declared that they will continue to buy “at least” $120 billion a month of bonds, and initial unemployment claims are trending down. (The announcement on the 4th from the Department of Labor showed a decrease of 33,000 claims from the previous week.)
I expect the market to keep rising and the country will continue to recover from the Covid crash and recession last year.
At the same time, I am aware that a sudden increase in the velocity of money, wage or price inflation, or a rise in unemployment could reverse course. That’s why I keep a close eye on the markets and the economy.
We never want to get caught off-guard.
Here’s the point, filter out all of the noise you hear from people talking about their book or trying to sell you something.
Look at the numbers and most importantly…
FOLLOW THE DATA! Forget about your opinions and base your investing on the data.
Also, you can still grab your trial membership in Options360 for just $19. The portfolio was up 43% last year, winners and losers.
And I think this year could be even better!
To Your Success,
PS, Yes, I realize the irony of my offering a trial subscription in Options360 immediately after suggesting you filter out the noise of people trying to sell you something.
I think you can see the difference between the information I give you and the noise you hear on the TV and radio. I’m not trying to scare you into buying something. I’m trying to inform you, so you can make better decisions for yourself.