I have some Swiss Francs (CHF) sort of by accident, and I worry about them all the time.
It's not enough for me to spend too much time worrying about but I realize the Swiss Franc (CHF), when it caves, when the bear market comes, is going to be
a horrendous investment, just like the ETFs. Because there are all these people who buy
them.
Same with the Swiss Franc (CHF).
What could go wrong?
Like Japan, what could go wrong?
Hedge fund wizard: writing market magic in stealth mode, because even financial superheroes need a secret identity.
Friday, October 18, 2019
Investing: My Problem, My Strength
My problem, my strength, is I don't like to sell. I like to own things. The kinds of things I buy, often, you can own forever, or at least for many, many years.
Friday, October 11, 2019
Over 90% Of Stocks Are In Downtrends
Over ninety percent of the stocks (in the S&P 500 Index) are in downtrends.
Ten percent are in uptrends, but they're big companies.
And since the S&P 500 Index is capitalization weighted, those 50 stocks, 40 stocks, whatever it is,
dragged the average to all-time highs.
Now, that doesn't mean it's not painful if you short those stocks. But basically, this has happened many times in market history.
It gets narrower, and narrower, and narrower, the advance does, until it's just down to
a few names.
And eventually, they crack, too.
Stock Market: Lack Of Breadth
Today, if you look at the S&P 500 Index, for instance, in the United States, I think there are
only 40 or 45 stocks that are above their 50-day moving averages, to use a technician's
kind of talk.
Everything else is in a downtrend.
And yet the market is making all-time highs. Definitely a lack of breadth.
Wednesday, October 9, 2019
Video: The Potential For A Major Correction
Recent video interview with Real Vision where Jim Rogers discusses his concerns over the potential for a major correction in financial markets. He also identifies the sectors and countries that he’s bullish on.
The U.S. Dollar Is Not A Safe Haven
People would think the U.S. dollar is a safe haven, it’s not. The fundamentals are horrible. Nobody in his right mind would buy the U.S. dollar, but I own a lot because I’m not in my right mind. I’m assuming that the rest of the world is not in its mind either and they’re all going to buy it.
Monday, September 23, 2019
Japan Does Not Have A Great Future
Japan is one of my very favorite
countries in the whole world. I'm
extremely keen on Japan in fact I would
probably live here except I want my
children to speak Mandarin. But if you
spoke Mandarin, I would probably
live in Japan as it's
such a fantastic place to visit and
live.
Having said that, it grieves me
because I see serious problems in Japan
which is the point of this book. I am
a foreigner and I know that the Japanese
don't like foreigners but this this book
is not really a foreigners book it is
based on simple arithmetic
whether you're Japanese or not Japanese
the arithmetic is the same.
Every day the
debt goes higher, there's addition and
there's subtraction because every day
the
population declines in Japan. Everything can go wrong. You have a central
bank which is printing staggering
amounts of money every day and buys
Japanese shares and Japanese bonds.
I'm
old enough to remember and maybe some of
you are that if even 30 years ago
somebody had said, "Oh, the central bank of
a major economy and a major country is
going to print huge amounts of money and buy shares in its stock market." people would have walked away. They
wouldn't listen to you anymore, so
incomprehensible, inconceivable that that
could happen even 30 years ago.
But look
out the window, it's happening every day
in Japan right now while the population
declines and the debt goes up. So, I mean
as far as I can see Japan doesn't have a
great future.
Related trading instruments: iShares MSCI Japan ETF(EWJ), Nikkei 225 Index
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