Decide what kind we are dealing with i wish we could say we always know how to respond but the early days of the decline, well, theyre never easy to navigate first, lets borrow a line from the fabulous Anna Karenina all happy rallies are alike. Each sell off is unhappy in its own way. Its so true bull market sent stocks higher and everyone thinks theyre a genius for participating in them big declines much harder they would be the start of a bear market or a glinch. Thats why i want to use history to try to identify some of the common qualities so you can figure out how to handle the inevitable moments of weakness without panicking. First let me offer some historically constructive words of relief, sanity and real, not phony, but real assurance. Theres only been two truly horrendous sell offs since i started investing in 1979. The one day crash of 1987 and the rolling crash of 20072009 i could have down the nasdaq crash but the s p held up well lets deal with these two big ones head on
A success in u. S. Dollars and thats going to continue now as we enter 2021 with the beginning of the 3rd leg of the bull market that started at that time in 2000 weve had the 1st 2 legs the big up what leg peaked in 20 live in that we have kind of a move 2nd leg which was less dramatic and the 3rd leg is the most dramatic and hyper moved toward a much higher price to 1st like peak here in 2005 and then the 2nd leg peaked in 2011 and then this should be the 3rd leg 6 3rd legs of any market are always the parabolic ones so get ready for that of course this is down where gordon brown sold all of britains golden remember we talked about that last episode of course also since 2000 you can see something in the charts and again correlation doesnt necessarily equal cause ality but one does see and charts around the world particular for the us that the us empire is the climbing since 2000 and you see the rich tear away from the rest of the u. S. You know citizen the top 0 point one percent im
Max kaiser this is the kaiser report back to stacey in brazil in Rio De Janeiro its awesome its beautiful its gorgeous hey if you were running a country that had an amazing pristine rain forest what would you do with it lets think about this stacy i would not chop it down and sell it for matchsticks as max keiser famous little video you made back in 2004 or 5 talking about gold and that gold actually comes into this because. After this 1st have im brazilian Amazon Deforestation this year nearly the size of puerto rico says agency destruction of the Worlds Largest tropical rainforest total 563 square kilometers in november which is more than double the area in the same month last year according to the countrys Space Research agency i. M. P. On friday that would bring total deforestation for the period from january to november to 8934 square kilometers 83 percent more than in the same period in 2018 and an area almost the size of puerto rico now you know i have an idea for brazil actuall
Website www. Politics apros. Com where you can pick up one of our monthly event calendars throughout the store with the current listing going to the end of october. Id like to ask you to please silence your cell phones so as not to disrupt the event. What is time for q a id ask you to please stop up to the microphone so we can hear your question as we are audio recording it and cspan is recording for booktv. Following q a will have a signing at this table. If you havent already purchased the book we have plenty of them right up front at the registers. If you can fold up your chairs and leaned them against something solid would be a great help. Without further ado, tonight im very excited to welcome Jack Goldsmith to politics and celebrating his new work in hoffas shadow. There been many theories about the fate jimmy hoffa, longtime president of the International Brotherhood of teamsters sense he disappeared and 75. Many involved Charles Chucky obrien half his age and goldsmith stepfath
S p up by 3 and the nasdaq up by 13 in germany, they are closed for a National Holiday the ftse is down about a third of a percentage point. Youll see this morning, the 10year is yielding 1. 582 the twoyear down 1. 47 . Breaking news. Taking place overnight lamb indicating a new plan that will invoke a power law. The city will ban masks protesters have used to protect themselves from tear gas or to hide their identities. All of this happening within the last several hours pepsi co coming in better than expected. Revenue coming in up organic Revenue Growth and pepsico expects to meet or exceed Revenue Growth. It looks like better than expected across the board. Some of these have such nice multiples. They keep doing it in manufacturing and other areas. Dont want it to be like days of general electric. Remember when coke was 40 or 50 times . Pepsi is trading at 4. 85 times. Price to earnings ratio of four times. Thinking about your story there about the masks. Well have a guest on later