Before we get into what we believe was a week of madness, we’d like to reflect on an email we sent on June 20th.
We wrote:
In fact, look for our markets to bounce back after a disastrous month of May and June.
Remember: The 1% need the 99% to be wrong in order for them to make fortunes…and we’re still in The Most Hated Bull Market in History.
On Friday the 17th the DJIA was at 29,770.
Yesterday’s closing price was 31,500.
That’s almost a 6% gain (5.8%) in only four days (Juneteenth Holiday on Monday) of trading.
We’re not bragging here…
Well, maybe we are…kinda…sorta.
But we’re emphasizing how the markets move in the direction that frustrates the most people.
And if you weren’t in on last week’s huge gain (notice the Presstitutes are quick to point out terrible weeks but are quiet about great gains?) you weren’t alone.
In fact, most people are still shell shocked from the months of May and June to take any action.
Again, it’s a reminder how the 1% needs the 99% to be wrong in order for them to make fortunes…at YOUR expense.
Markets and The Week of Madness
But let’s revisit that whole Week of Madness thingy.
In addition to the markets surging, we saw:
- Gun laws in NY state ruled unconstitutional
- Roe v Wade overturned
- Stinky Joe’s top economic advisor telling us that “More government spending will solve our inflation crisis” …LMAO!
- O’Biden saying we need more money in order to fight the next pandemic.
Next Pandemic?
It’s almost as if they’re planning on rolling it out soon.
You know…before the elections.
So, as usual, the boyz in the “Club” made bags of money this week while everyone else focused on the distractions de jour…see above.
And the $64 Billion question is: How did you do last week?
Ironically (or NOT) most people don’t consider that the second quarter comes to an end next week.
And the Boyz are quietly making their disastrous returns in May and June disappear with the recent surges in the market.
It’s how Wall Street makes money while the average guy loses.
The good news is you can improve your winning results by learning how operate “Behind the Curtain.”
We spell it out for you every month in our “…In Plain English” newsletter (HERE).
Share this with a friend…especially if they got distracted this week.
They’ll thank YOU later.
At Financial$Matter We’re Not Just About Finance.
We simply use finance to give you hope.
https://www.financialsmatter.com/category/in-plain-english/
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