What she said...

[] It’s not a smart idea to start investing in stocks with very high price-to-sales ratios. Right now, interest rates are poised to rise, a trend that will push expensive tech stocks lower and ruin portfolios. [View in browser]( . It’s not a smart idea to start investing in stocks with very high price-to-sales ratios. Right now, interest rates are poised to rise, a trend that will push expensive tech stocks lower and ruin portfolios. [View in browser]( . . [] [Havens Investment Letter] [] [Havens Investment Letter] [] [] [] Trading millionaire gives away his cell number Is this the end of monthly newsletters? Trading millionaire Rob Booker says so... Which is why he’s found a way to alert you of fast-moving stocks INSTANTLY. [It all starts by getting his private phone number here.]( [] --------------------------------------------------------------- [] Trading millionaire gives away his cell number Is this the end of monthly newsletters? Trading millionaire Rob Booker says so... Which is why he’s found a way to alert you of fast-moving stocks INSTANTLY. [It all starts by getting his private phone number here.]( [] --------------------------------------------------------------- [] [] What she said... [GarrettPic]Dear Investor, After two feet of snow during our first day, we had wind gusts up to 60 mph that knocked down a few trees and part of the deck on the property. Perhaps I should apply my stance on flying to vacationing in the mountains. It’s best to remain where the altitude is somewhere around sea level, at least in theory. The dogs don’t want to go outside. My wife doesn’t want to go outside. I don’t want to go outside. My four-year-old is sitting by the door, begging to go play in the snow. So - now that we’re ALL about to go outside to avoid a meltdown, I’ll keep today’s insight quick. Price Discovery Is Underway Last weekend, Barrons conducted a roundtable on expectations for the year ahead. One of the best interviews came from Franklin Templeton Investments CIO Sonal Desai. Desai is a terrific money manager. But what stood out in her conversation with Barrons is her humility. One thing that most managers don’t do is admit when their opinions are off. Desai came in with an interesting perspective. She acknowledged that she anticipated a vaccine-induced economic boom, but it ended up producing a larger labor shortage than many expected. I can commiserate with this view. She said that she dismissed supply chain problems and thought they would pass. But they haven’t (and she now projects they will last much longer). I’ve said that the supply chain issues are going to last all of 2022 and into 2023. We haven’t even gotten to the issue around the Longshoremen in California and their labor contract that expires in July. This could be a MASSIVE economic risk in the months ahead. Third, she said inflation could last much longer. I agree. Fourth, she said that central banks are experiencing new leadership that could fuel big shifts in policy. Fifth, she acknowledged that China and geopolitical risks are likely to return to the market. I have echoed all three sentiments for a few months. But the final point is most important. She states: “My last point is that we have had more than a decade of low market volatility, largely because of the large amount of liquidity in the financial system. We are at the start of a multiyear period, if not a decade, in which the markets will have to learn to reprice risk, because the consequence of a decade’s worth of extremely easy central-bank policy has been the distortion of prices and the mispricing of risk. The coming period is going to be a difficult one. I anticipate a rocky multiyear adjustment period resulting from the combination of high valuations and the unwinding of central banks’ easy money that has distorted risk assessment and capital allocation in markets for over a decade.” This is the argument that must be explored at greater length. For the most part, we’ve seen moves in the market around inflation, supply chains, and shipping. But we haven’t experienced dramatic shifts in capital flows over “price discovery” - the process where the markets try to determine the real value of assets. Last week, I highlighted a string of stocks with price-to-sales ratios over 30. These are extremely expensive stocks. In a world where growth stocks are discounted at zero percent interest rates, those stocks can go higher and higher. But eventually, fundamentals will return to the market. And we are witnessing a significant outflow of capital from expensive tech stocks right now. This is evident in the performance of Cathie Wood’s ARK Invest ETF. I think that Desai’s thesis above is the most important story for the markets over the next two years. In many ways, it mirrors the story of the Dot-com bubble. It isn’t history repeating itself, as much as it is rhyming. There is a reckoning ahead for these overpriced tech stocks that no longer justify their valuations when interest rates rise. I would be VERY cautious as a tech investor and would instead focus on the companies that already have solid metrics in place. The cheap tech that value investors want to tackle exists. You just need to know where to look. We’ll dig into a new strategy for value investors in the coming weeks. Enjoy your Wednesday, [GarrettSig] Garrett {NAME} Chief Analyst, American Markets [] --------------------------------------------------------------- [] [] What she said... [GarrettPic]Dear Investor, After two feet of snow during our first day, we had wind gusts up to 60 mph that knocked down a few trees and part of the deck on the property. Perhaps I should apply my stance on flying to vacationing in the mountains. It’s best to remain where the altitude is somewhere around sea level, at least in theory. The dogs don’t want to go outside. My wife doesn’t want to go outside. I don’t want to go outside. My four-year-old is sitting by the door, begging to go play in the snow. So - now that we’re ALL about to go outside to avoid a meltdown, I’ll keep today’s insight quick. Price Discovery Is Underway Last weekend, Barrons conducted a roundtable on expectations for the year ahead. One of the best interviews came from Franklin Templeton Investments CIO Sonal Desai. Desai is a terrific money manager. But what stood out in her conversation with Barrons is her humility. One thing that most managers don’t do is admit when their opinions are off. Desai came in with an interesting perspective. She acknowledged that she anticipated a vaccine-induced economic boom, but it ended up producing a larger labor shortage than many expected. I can commiserate with this view. She said that she dismissed supply chain problems and thought they would pass. But they haven’t (and she now projects they will last much longer). I’ve said that the supply chain issues are going to last all of 2022 and into 2023. We haven’t even gotten to the issue around the Longshoremen in California and their labor contract that expires in July. This could be a MASSIVE economic risk in the months ahead. Third, she said inflation could last much longer. I agree. Fourth, she said that central banks are experiencing new leadership that could fuel big shifts in policy. Fifth, she acknowledged that China and geopolitical risks are likely to return to the market. I have echoed all three sentiments for a few months. But the final point is most important. She states: “My last point is that we have had more than a decade of low market volatility, largely because of the large amount of liquidity in the financial system. We are at the start of a multiyear period, if not a decade, in which the markets will have to learn to reprice risk, because the consequence of a decade’s worth of extremely easy central-bank policy has been the distortion of prices and the mispricing of risk. The coming period is going to be a difficult one. I anticipate a rocky multiyear adjustment period resulting from the combination of high valuations and the unwinding of central banks’ easy money that has distorted risk assessment and capital allocation in markets for over a decade.” This is the argument that must be explored at greater length. For the most part, we’ve seen moves in the market around inflation, supply chains, and shipping. But we haven’t experienced dramatic shifts in capital flows over “price discovery” - the process where the markets try to determine the real value of assets. Last week, I highlighted a string of stocks with price-to-sales ratios over 30. These are extremely expensive stocks. In a world where growth stocks are discounted at zero percent interest rates, those stocks can go higher and higher. But eventually, fundamentals will return to the market. And we are witnessing a significant outflow of capital from expensive tech stocks right now. This is evident in the performance of Cathie Wood’s ARK Invest ETF. I think that Desai’s thesis above is the most important story for the markets over the next two years. In many ways, it mirrors the story of the Dot-com bubble. It isn’t history repeating itself, as much as it is rhyming. There is a reckoning ahead for these overpriced tech stocks that no longer justify their valuations when interest rates rise. I would be VERY cautious as a tech investor and would instead focus on the companies that already have solid metrics in place. The cheap tech that value investors want to tackle exists. You just need to know where to look. We’ll dig into a new strategy for value investors in the coming weeks. Enjoy your Wednesday, [GarrettSig] Garrett {NAME} Chief Analyst, American Markets --------------------------------------------------------------- [] Get His High-Probability Trade Picks... EVERY MORNING! [rob booker]( [JUST CLICK HERE NOW!]( --------------------------------------------------------------- [] [] Get His High-Probability Trade Picks... EVERY MORNING! [rob booker]( [JUST CLICK HERE NOW!]( --------------------------------------------------------------- [] [] [] “STOP WASTING TIME SEARCHING FOR DAILY TRADES…” Let a notorious 20-year trading veteran do it for you! 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[>>CLICK HERE NOW TO SIGN UP]( --------------------------------------------------------------- [] [] [] “STOP WASTING TIME SEARCHING FOR DAILY TRADES…” Let a notorious 20-year trading veteran do it for you! Every morning for the last few months, this pro trader has been quietly sending out a list of his favorite high-potential stock picks to a small, select group of successful traders… And [open enrollment is still available to the public.]( A rare opportunity for everyday traders just like you! Every day, before the market even opens, you could be receiving this legendary trader’s personal “hot sheet” of top stock picks for the day. Stocks that have the highest probabilities of moving 5% to 10% in just a couple of hours each trading day. Giving you, starting as soon as tomorrow, a shot at making $490 (or more) every single day the market is open. All by simply trading off the same watch list of this seasoned professional trader. But you have to move fast… we don’t know how long this opportunity for the general public to join will last. [>>CLICK HERE NOW TO SIGN UP]( --------------------------------------------------------------- [] [] Article Recap - [What she said...](#i572731) - [“STOP WASTING TIME SEARCHING FOR DAILY TRADES...”](#155248) --------------------------------------------------------------- [] Article Recap - [What she said...](#i572731) - [“STOP WASTING TIME SEARCHING FOR DAILY TRADES...”](#155248) --------------------------------------------------------------- [] © 2021 Godesburg Financial Publishing, Inc. DISCLAIMER: COMMUNICATIONS FROM GODESBURG FINANCIAL PUBLISHING (GFP) ARE FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY – NOT INVESTMENT ADVICE: GFP and all the services it offers are for educational and informational purposes only and should NOT be understood to be securities-related offers or solicitations. None of GFP’s communications should be considered or used as personalized investment advice. GFP recommends that you speak with a licensed professional before making any investment decision. RESULTS PRESENTED ARE NOT NECCESSARILY TYPICAL OR VERIFIED: GFP communications may include information regarding the historical trading performance of gurus in their services (all verified by a third party), as well as testimonials of non-employees depicting profitable investments and trades that are believed to be true based on the representations of the persons providing the testimonial of their own free will. Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. 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GFP recommends that you speak with a licensed professional before making any investment decision. RESULTS PRESENTED ARE NOT NECCESSARILY TYPICAL OR VERIFIED: GFP communications may include information regarding the historical trading performance of gurus in their services (all verified by a third party), as well as testimonials of non-employees depicting profitable investments and trades that are believed to be true based on the representations of the persons providing the testimonial of their own free will. Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. HIR, its owners or employees, have not been - or ever will be - paid by the issuer of a security mentioned in our services or communications. GFP, its owners and employees are paid entirely or in part from commissions based on sales of their services to subscribers. 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