Christian Bale Says You Must Read This

[] Christian Bale has a critical investment story for you. Wait, not Christian Bale… we meant Michael Burry, a famous fund manager behind The Big Short. [View in browser]( . Christian Bale has a critical investment story for you. Wait, not Christian Bale… we meant Michael Burry, a famous fund manager behind The Big Short. [View in browser]( . . [] [Havens Investment Letter] [] [Havens Investment Letter] [] [] [] A Chance To Grab $490 On A Stock Every Day The Market Is Open? Every morning, this legendary market veteran sends out a list of his personal high-probability daily trades to a small, select group of traders. Now, you can get access to this exact same list of primed trade opportunities... [JUST CLICK HERE NOW!]( [] --------------------------------------------------------------- [] A Chance To Grab $490 On A Stock Every Day The Market Is Open? Every morning, this legendary market veteran sends out a list of his personal high-probability daily trades to a small, select group of traders. Now, you can get access to this exact same list of primed trade opportunities... [JUST CLICK HERE NOW!]( [] --------------------------------------------------------------- [] [] Christian Bale Says You Must Read This [Garrett Pic] Dear Investor, Cash remains your best friend. Momentum is still red… Don’t trust the light buying. Protect your money. Wait for real support. Friday’s rally wasn’t real. And Monday featured even more choppiness. Over the last few days, we’ve watched a lot of short-covering, squeezing, and low-volume buying in this market. That does not make for a sustainable rally. But speculators will speculate. And pundits will try to call a bottom at CNBC, the Wall Street Journal, Barron’s, and other media outlets. I don’t listen to them. I listen to Christian Bale. Wait. What? Okay, not the actor Christian Bale. [Bale Big Short] I mean, the character he played in the iconic Wall Street collapse film… The Big Short. If you remember the film, Bale played a real-life fund manager named Michael Burry, who famously shorted mortgage-backed securities during the 2008-09 financial crisis. Burry saw what few others saw: A credit and housing crisis brewing years before the inevitable crash... While his investors rallied against him as he lost money for a while, he turned out right and produced a staggering return by betting on the collapse of mortgage markets. He made more than $700 million for his investors. Pretty good, right? I listen to Burry because he tends to notice trends that few others do. And this week, he outlined a rather stunning statistic that all investors must know. To Twitter Burry, oddly, deletes a lot of his Tweets. But I was able to grab this one after the podcast All-In discussed the subject over the weekend. [Burry Tweet]( Burry explains that stocks experience dramatic turnover compared to their total outstanding shares during big market drawdowns. So, from peak to trough during the Dot-Com bubble, outstanding shares turned over 5.2 times before the bottom came in 2002. In 2009, that figure for Microsoft (MSFT) was 3.3 times before the Federal Reserve stepped in to support the market. However, during this recent downturn, Microsoft’s outstanding shares have only turned over 0.5x, meaning that only half of the shares have flipped so far. A similar pattern happened with Amazon (AMZN) and JPMorgan (JPM). He concludes, “Enough takes time.” As you can see, the volumes so far have been light compared to these other historic downturns. So it could be quite some time before we find that bottom. Goldman Weighs In I promise I’m not trying to be bearish. I’m just trying to be realistic. I hate to lose more than I like to win, which is why I’m hyper focused on buying cheap companies with strong cash flow and real assets. So, I look at Goldman Sachs’ recent update and wonder what world they are operating in today. Their economists are projecting a 35% recession in the next two years. I think they need to fire their economists. Because - if you strip away inflation - we’re deadly close to one. Goldman has said that a recession would push the S&P 500 to 3,600. That’s optimistic. I want to do a very simple equation for you. If the U.S. markets enter a recession, the downside is much more. Here’s why… Valuations Matter Okay. So, the markets are pulling back without Fed support in an environment where we are facing a recession. I have to assume Goldman Sachs is pricing in the Federal Reserve stepping in - the so-called Fed Put, where the central bank just starts defying basic economics and prints more money - then they would say the bottom is 3,600. But imagine that earnings aren’t as hot as people say they are… in a bad market. And imagine that investors aren’t willing to pay historically high earnings multiples for stocks… and multiples drop toward historical averages. And why wouldn’t they? This analysis is static, but in this environment, it’s important. The S&P 500 trades at an average PE ratio of 31.68. Historically, the average PE is about 17. So do the math. If valuation compression hits as it did after Black Tuesday and the Dot-Com bubble, the downside is immense. At 17x earnings today, the S&P 500 would be trading under 2,200. [Historic Black Days]( Does that mean that will happen? No, because the Fed will likely step in because they can’t afford a market meltdown. And then, YOLO all over again, right? But - if inflation runs too hot… they have to keep going with higher rates. And I don’t think inflation is even close to cooling. I think - we’re well north of 10%. So here’s the other thing… The worst-case scenario - and I mean base-case - is 6 times earnings. That’s Depression level. That’s post-Carter bad too. Recall that the best of Black Monday’s ratios were in line with the worst of the 2009 crash. Think about a world where U.S. interest rates hit 10% out of necessity to stop runaway inflation. Government officials are flailing right now… The CPI would be at record levels if we used the same equations as we did back in 1980. And I know my grocery bills are up 27% over the last year because I actually track my spending. I think I’m lucky with that figure. I’ve been right by calculating institutional capital flows by pointing out when to be and stay in cash. I’ll tell you when the momentum goes positive again. The stock market could be at half where we are today. Crazy, right? I’m sorry to be the messenger. I’m just trying to save you money. We’ll talk more tomorrow, [Garrett Sig] Garrett {NAME} Chief Analyst, American Markets [] --------------------------------------------------------------- [] [] Christian Bale Says You Must Read This [Garrett Pic] Dear Investor, Cash remains your best friend. Momentum is still red… Don’t trust the light buying. Protect your money. Wait for real support. Friday’s rally wasn’t real. And Monday featured even more choppiness. Over the last few days, we’ve watched a lot of short-covering, squeezing, and low-volume buying in this market. That does not make for a sustainable rally. But speculators will speculate. And pundits will try to call a bottom at CNBC, the Wall Street Journal, Barron’s, and other media outlets. I don’t listen to them. I listen to Christian Bale. Wait. What? Okay, not the actor Christian Bale. [Bale Big Short] I mean, the character he played in the iconic Wall Street collapse film… The Big Short. If you remember the film, Bale played a real-life fund manager named Michael Burry, who famously shorted mortgage-backed securities during the 2008-09 financial crisis. Burry saw what few others saw: A credit and housing crisis brewing years before the inevitable crash... While his investors rallied against him as he lost money for a while, he turned out right and produced a staggering return by betting on the collapse of mortgage markets. He made more than $700 million for his investors. Pretty good, right? I listen to Burry because he tends to notice trends that few others do. And this week, he outlined a rather stunning statistic that all investors must know. To Twitter Burry, oddly, deletes a lot of his Tweets. But I was able to grab this one after the podcast All-In discussed the subject over the weekend. [Burry Tweet]( Burry explains that stocks experience dramatic turnover compared to their total outstanding shares during big market drawdowns. So, from peak to trough during the Dot-Com bubble, outstanding shares turned over 5.2 times before the bottom came in 2002. In 2009, that figure for Microsoft (MSFT) was 3.3 times before the Federal Reserve stepped in to support the market. However, during this recent downturn, Microsoft’s outstanding shares have only turned over 0.5x, meaning that only half of the shares have flipped so far. A similar pattern happened with Amazon (AMZN) and JPMorgan (JPM). He concludes, “Enough takes time.” As you can see, the volumes so far have been light compared to these other historic downturns. So it could be quite some time before we find that bottom. Goldman Weighs In I promise I’m not trying to be bearish. I’m just trying to be realistic. I hate to lose more than I like to win, which is why I’m hyper focused on buying cheap companies with strong cash flow and real assets. So, I look at Goldman Sachs’ recent update and wonder what world they are operating in today. Their economists are projecting a 35% recession in the next two years. I think they need to fire their economists. Because - if you strip away inflation - we’re deadly close to one. Goldman has said that a recession would push the S&P 500 to 3,600. That’s optimistic. I want to do a very simple equation for you. If the U.S. markets enter a recession, the downside is much more. Here’s why… Valuations Matter Okay. So, the markets are pulling back without Fed support in an environment where we are facing a recession. I have to assume Goldman Sachs is pricing in the Federal Reserve stepping in - the so-called Fed Put, where the central bank just starts defying basic economics and prints more money - then they would say the bottom is 3,600. But imagine that earnings aren’t as hot as people say they are… in a bad market. And imagine that investors aren’t willing to pay historically high earnings multiples for stocks… and multiples drop toward historical averages. And why wouldn’t they? This analysis is static, but in this environment, it’s important. The S&P 500 trades at an average PE ratio of 31.68. Historically, the average PE is about 17. So do the math. If valuation compression hits as it did after Black Tuesday and the Dot-Com bubble, the downside is immense. At 17x earnings today, the S&P 500 would be trading under 2,200. [Historic Black Days]( Does that mean that will happen? No, because the Fed will likely step in because they can’t afford a market meltdown. And then, YOLO all over again, right? But - if inflation runs too hot… they have to keep going with higher rates. And I don’t think inflation is even close to cooling. I think - we’re well north of 10%. So here’s the other thing… The worst-case scenario - and I mean base-case - is 6 times earnings. That’s Depression level. That’s post-Carter bad too. Recall that the best of Black Monday’s ratios were in line with the worst of the 2009 crash. Think about a world where U.S. interest rates hit 10% out of necessity to stop runaway inflation. Government officials are flailing right now… The CPI would be at record levels if we used the same equations as we did back in 1980. And I know my grocery bills are up 27% over the last year because I actually track my spending. I think I’m lucky with that figure. I’ve been right by calculating institutional capital flows by pointing out when to be and stay in cash. I’ll tell you when the momentum goes positive again. The stock market could be at half where we are today. Crazy, right? I’m sorry to be the messenger. I’m just trying to save you money. We’ll talk more tomorrow, [Garrett Sig] Garrett {NAME} Chief Analyst, American Markets --------------------------------------------------------------- [] Reclusive California Tech Wiz Reveals... the Perfect AAPL Trade [Apple products]( [See the reveal of this remarkable system]( --------------------------------------------------------------- [] [] Reclusive California Tech Wiz Reveals... the Perfect AAPL Trade [Apple products]( [See the reveal of this remarkable system]( --------------------------------------------------------------- [] [] [] A chance to make $490 on a stock every day the market is open? Every morning for the last few months, a notorious market veteran 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! Trade “side-by-side” with a 20-year trading industry legend by trading the exact same stocks he is every single day the market is open. 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. A potential $98,000 a year in trading profits… All by simply following the same trading watch list of this seasoned trading pro. 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 get on the list.]( --------------------------------------------------------------- [] [] [] A chance to make $490 on a stock every day the market is open? Every morning for the last few months, a notorious market veteran 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! Trade “side-by-side” with a 20-year trading industry legend by trading the exact same stocks he is every single day the market is open. 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. A potential $98,000 a year in trading profits… All by simply following the same trading watch list of this seasoned trading pro. 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 get on the list.]( --------------------------------------------------------------- [] [] Article Recap - [Christian Bale Says You Must Read This](#i572731) - [A chance to make $490 on a stock every day the market is open?](#156387) --------------------------------------------------------------- [] Article Recap - [Christian Bale Says You Must Read This](#i572731) - [A chance to make $490 on a stock every day the market is open?](#156387) --------------------------------------------------------------- [] © 2022 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. 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. For more information, please visit [our disclaimer page here.]( Sent to: {EMAIL} [Unsubscribe]( Godesburg Financial Publishing Inc., 251 Little Falls Drive, Wilmington, DE 19808, United States [] © 2022 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. 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. For more information, please visit [our disclaimer page here.]( Sent to: {EMAIL} [Unsubscribe]( Godesburg Financial Publishing Inc., 251 Little Falls Drive, Wilmington, DE 19808, United States