“Hold That Recession!” – MarketWatch is Wrong About Fear Indicators
This past Friday afternoon, September 20, the following Bloomberg headline streamed across my newswires. It stated: “Hold That Recession: U.S. Indicators Are Trouncing Forecasts.”
Amber Lancaster shared this Bloomberg story that caught her eye late Friday.
Meanwhile on MarketWatch’s front page this morning — “recession fears.”
It’s all part of the Wall Street/media handshake game.
Take Roku. Just two weeks ago, my True Momentum subscribers locked in a near 400% gain on the stock. The same time I recommended selling, Wall Street FINALLY declared the stock a buy — 400% later! Coincidence?
Watch today’s Market Talk to see the proof that we’re far from a recession.
This week, we also discuss:
- The new “FUVs,” or “fun utility vehicles,” taking electric cars and making them affordable with a price tag less than $20,000.
- Realogy and HomeAdvisor are teaming up to create a new way to make home renovations a breeze when you’re looking to sell your home.
- India’s prime minister visited Houston, Texas, this weekend and spoke in front of 50,000 people.
- How you can join the elite members of True Momentum and start seeing Roku-like gains.
Editor, Profits Unlimited
I’ve been investing for more than 25 years. I started my career on Wall Street in 1991 as an assistant portfolio manager at Bankers Trust. I quickly advanced to prominent positions at Deutsche Bank and ING, managing multimillion-dollar accounts. In 2006, the owners of a $6 billion firm named Kinetics Asset Management recruited me to manage their hedge fund.