Saturday, September 2, 2023

Epic Showdown: Smart Money vs Perma-Bears! Who will win?

Epic Showdown: Smart Money vs Perma-Bears! Who will win?

Corona Del Mar, CA

 

Howdy Chris,

 

Happy Labor Day Weekend!

 

The perma-bears are still growling about the markets not crashing like they predicted.

 

Even with banks imploding earlier this year, and the multitude of "evidence" presented like:

 

  • Yield curve inversion
  • Cardboard box price index falling (seriously?)
  • Baltic dry index for shipping (unproven to mean anything)

I'm sure, I could dig up 50 charts of data that appears bearish. But is it predictive of anything? My experience with working with many, many datasets says NO.

 

Meanwhile, let's look at the Smart Money Indicator, which I've been publishing since 2006:

 

It's on a "buy" signal still:

Many of our S&P 500 strategies are on a buy, actually.

 

I value what the markets say about themselves vs 1,000 charts of unproven claptrap.

 

It's like when 100 scientists sent Einstein a letter saying his theory of relativity was junk.

 

His reply:

 

"To defeat relativity one did not need the word of 100 scientists, just one fact."

By the way, something BIG is coming this Tuesday.

 

Keep yur eyes peeled.

Trade smart,

 

Dan "Prince of Proof" Murphy

 

 

 

 

 

 

 

 

 

 

 

Portfolio Boss, Inc.

260 Newport Center Dr, Suite 100 Newport Beach, CA 92660

 

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