You can sense it, can’t you? That something is different about the stock market these days, asks Mike Larson, senior analyst at Weiss Ratings.
The “Straight Up and to the Right” moves everyone got used to in late 2016 and 2017 are giving way to multiple, multi-hundred-point Dow declines – in the blink of an eye.
The “V-shaped rallies” that used to follow stock market stumbles just aren’t happening as often as they used to. And when they do, they lack the same kind of vigor and zip.
The central bankers who used to step up with more soothing words, more interest rate cuts, and more trillion-dollar QE announcements every time the market lost a few percentage points are M.I.A. these days. When policymakers do take the stand, it’s to announce rate hikes, like new Federal Reserve Chairman Jerome Powell did last Wednesday.
More importantly, some of the new-era leaders of this mega-bull market – like Facebook (FB) and Tesla (TSLA) – are really starting to crack. Facebook just tanked to an eight-month low, while TSLA just sank to its lowest since last March.
Meanwhile, some of the leaders of PAST mega-bull markets – like Dow Jones Industrial Average (DJI) member General Electric (GE) – are in full-fledged freefall.
Just look at this chart. The $113 billion Dow company’s shares have plummeted more than 61% since their 2016 peak. Yet you hardly hear a peep about these worrisome moves from the usual Wall Street crowd.
Me? I can’t just sit here and watch this happen. I can’t just keep quiet and pretend the market environment isn’t changing. That’s why I’m trying so many different ways to get the word out ...
First, I’m providing as much hard-hitting analysis and crucial information as I can in these longer updates. Make sure you read them from beginning to end, and act on the information I share. Feel free to pass them along to friends and family as well.
For instance, here is a table of stocks I think you should sell right now due to the more challenging market conditions we face. It’s comprised of U.S. stocks rated “D+” or lower, with market capitalizations of at least $1 billion, 30-day average trading volume of at least 50,000 shares, and closing prices of at least $5. I sorted it so the worst-rated names would be listed at the top.
Data Date: 03/26/2018
Second, I’m taking to Twitter much more often these days to provide short updates in between my longer columns. Be sure to follow me at @RealMikeLarson to get those updates as soon as I release them.
Third, I’m hitting the road three times over the next six months to speak to investors like you at various financial market conferences. The goal? To share my urgent, new market forecasts face-to-face – and give you a chance to grill me about them, too!
The first conference I’m attending is the MoneyShow Las Vegas, which runs from May 14-16, 2018 at the Bally’s/Paris Las Vegas hotel complex. I’ll be delivering a solo presentation called “Investors are Doing Everything WRONG (But There’s Still Time for YOU to Get Things Right!)” on Wednesday, May 16 from 6 – 6:45 p.m. Plus, I’ll be participating in a lunch panel called “Top Stocks to Buy During a Mid-Term Election Year” that same day from 12:35 – 2 p.m.
The SECOND is the MoneyShow San Francisco, which runs from August 23-25, 2018 at the Hilton San Francisco Union Square. I’ll be announcing my schedule there a bit later this year. But I wanted to make sure you had a heads up about the event, so you could start arranging any travel plans.
The same is true for the THIRD event, the MoneyShow Toronto. It’s scheduled for September 14-15, 2018 at the Metro Toronto Convention Centre, with precise appearance details to come.
Attendance at all three events is completely free! But you do have to register. You can register for the Las Vegas event by clicking here, the San Francisco event by clicking here, and the Toronto conference by clicking here. Or if you prefer, call the MoneyShow team at 1-800-970-4355 and tell them you’re attending on my invitation.
Again, I can’t reiterate enough how important it is for you to:
A) Recognize that the market environment is changing
B) Change your investing approach to account for that reality and
C) Follow my updates as time goes on so that you stay ahead of all the latest developments.
Hopefully, all these initiatives will make it easier for you to accomplish that!
Until next time,
Mike Larson
Check out Mike’s short video interview at MoneyShow Orlando: How to Find Dividend Stocks here.
Duration: 2:26
Recorded: Feb. 9, 2018.
Follow Mike Larson and subscribe to Weiss Ratings products here.
Follow Mike on Twitter at @RealMikeLarson
