By Mike Adams Good riddance to 2022. It was a rotten year. I am not happy with the results, but we learned from 2008 and 2000 that these times do not last. I rest on a track record built over 36 years of managing client investments. Our goal has been, and continues to be, to create portfolios of stocks which will increase by multiple times of their current values. I believe that 2023 may be a good year for our portfolios, even though I suspect it will be an uneven year for t

By Mike Adams There are investors still sitting on the sidelines in cash waiting for the day of “Capitulation”. Capitulation is that time when retail investors just give up and sell all their stocks, forsaking any stock market gains. Sometimes it is a one-day affair; sometimes the sell-off takes several days. And sometimes it occurs over such a long period of time that it isn’t obvious until after the fact, when we can look back at historical data and examine the trends. Capi

By Mike Adams One of what I call my industry’s “dirty little secrets” is how analysts are paid. They are not fiduciaries and therefore do not have to make recommendations in the best interests of clients. When I worked for the regional and big brokerage houses, analysts got their income from their salary and their bonus. The bonus was based on three sources: Performance of their recommendations Trading commissions in the stocks they covered New business from IPOs, mergers, an

By Mike Adams Inflation was just beginning in 1963 when Bob Dylan wrote the song “The Times They Are A-Changin'”. Prices increased as wages grew and the demand for raw materials increased faster than supply. In the late 1960s, government spending for the Great Society and Vietnam War also drove up prices. By the early 1970s, when the oil crisis hit, inflation was well underway and headed higher. That was then. This is now. It’s Back! For the last five years, I have been w

By Mike Adams There are not many of us around who remember “Black Monday”, October 19, 1987. It was the single largest percentage drop the market has ever seen. Following the drop, the pundits and gurus predicted it was just the beginning of a larger trend. At the time, I actually tallied up how many talking heads were pessimists and how many were optimists. When the count hit 35 to zero, I quit counting. The talking heads said the Fed would raise rates, and the economy was

By Mike Adams David stared at the two notices in his hands. The first, he had carried home from work; it was his notice of termination. His wife Sally had also received one only a few days prior. The other had been waiting for him in the mail when he came home. It was a notice from the bank informing him that their house was being foreclosed upon. This family’s story was not unique. In their housing development alone several dozen people had been laid off and others had recei

As an investor, you can easily feel frustrated to see short-term drops in your investment statements. But while you cannot control the market, you may find it helpful to review the factors you can control. Many forces affect the financial markets, including geopolitical events, corporate profits and interest rate movements – forces beyond the control of most individual investors. In any case, it’s important to focus on the things you can control, such as these: Your ability t

Times like these do not scare us out of the market. We’ve been here before and undoubtedly, we will see such volatility again. In Thinking Fast and Slow, Daniel Kahneman describes an experiment assessing investors’ propensity for risk.[1] Participants were given $20 and asked to decide whether or not to invest $1 each of 20 successive times. A coin was to be flipped each time and if it fell heads, the investor made money, but if tails, the investor lost. Every time the invest