So, short-term, sure the price action this past week was very positive. Intermediate-term, there were also potentially some positive developments, which I’m currently monitoring and will be reporting in my short-term updates and newsletter as things evolve. At best, these developments simply mean that the bear market advance out of the March low has not yet run its course. But, longer-term, ” A New Bull Market,” I don’t think so. Have housing prices bottomed? Are foreclosures not still at or near all time highs? Is the consumer still not drowning in debt? Are bankruptcies still not high? Have unemployment levels come down? Is the small business owner still struggling? Are layoffs still not continuing? Are car sales still in the toilet? Are the powers that be still worried about the economy? Did the rally this past week solve your financial issues? I could go on and on, but I think you get the point. The optimism about this week is high and I understand that. Hey, depending on what happens with my intermediate-term Cycle Turn Indicator, we could see this rally still run further as the advance out of the March low could continue. But, when we back up a look at the big picture, nothing has changed. We are indeed still operating within the worst financial crises this country, if not the world, has ever seen and the Fed’s efforts over the past year or so have not solved the problem. You have been Warned!
[Read More on this article here >>]
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- My Dividend Experience Investing in UCITS iShares iBond Maturing in 2028. - April 23, 2024
- We Invest into Popular Funds When They Are Popular, Exactly When They Started Turning to Shxt. - April 22, 2024
- Meal Prep 2.0 – Cooking Your “Go-to” Meal that You Look Forward to Eating Everyday. - April 21, 2024