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October, 2017 Archives

Richard's Thoughts On Third Phases & Where We Currently Stand

Richard's Comments

 

All great bull markets come in three psychological phases. The first phase is the accumulation phase, during which sophisticated and value-oriented investors pick up what is generally being ignored.

 

The second phase is the phase where the seasoned professionals and a few more sophisticated funds take their positions. It is in the second phase where we see the most painful secondary corrections, which are almost always mistakenly taken to be primary bear markets.

 

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Where Were You 30 Years Ago This Week?

By Chuck Butler

 

Thirty years is a relatively long time ... three decades… and a lot of trading days between the day the stock market saw its largest one-day decline, until now, when things seemingly know only one way, which is up.   

 

I was close to everything that was happening in 1987 at our little stock brokerage at the old Mark Twain Bank. Yes, this week marks the 30th anniversary of the “Great Stock Market Crash of 1987."

 

 

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Daily Recap

Apparently unable to stay weak for more than a day, stocks moved higher, again led by the strong Dow Industrials.  23,000 came and went, not even a bump in the road for this steamrolling market average.

 

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Global Economic Uptrend

by Jon S. Strebler 

 

One analyst made the claim last week that we are currently experiencing “the first synchronized global economic uptrend ever". Now, you may have heard that “ever” is a really long time, and as a naturally curious person, I therefore have to wonder if this claim is correct. Unfortunately, there are practical limits to tracing back the history of economic growth worldwide. For example, I’m not going to try to look at how Babylon’s economy meshed with pre-Incan prosperity, the Myceanean age, the Kush kingdom, the Shang dynasty, or standards of living during India’s Vedic period.  

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Global Growth Cues Abound

By Matthew Kerkhoff

 

Sometimes stock market rallies can be so powerful that you just have to grab ahold of something sturdy and hang on. Every once in a while, the upward surge can be so strong that it feels as though it’s fake – too much wealth being created in too short a time, inevitably destined to evaporate.

 

The last 12 months have felt that way. With the major averages up anywhere from 19–26%, many investors are logging in to see account balances that have never been this high.

 

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Richard's Thoughts on Survival Mode

Richard’s Comments

 

Today I'm going to present a discussion between two characters named A and B. Who are these guys? They're two guys who live between my ears. Somehow, these two clowns got into my skull over the weekend.

 

A – What are the fundamentals, the very basic fundamentals, of the investment world today?

 

B – Here they are, and I don't think you're going to love them. The world is overproducing. Not only is it overproducing, but it's overproducing at viciously competitive prices.

 

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