March 30, 2020. “Confusion” that is the word that I am using to describe the stock market today. Things are making no sense to me with the way people are investing right now. It is apparent that the Coronavirus impact on the economy will be much more dire than anyone originally thought. I am now hearing the impact …
Continue reading “HERE IS SOME CLEAR GUIDANCE DURING THESE CONFUSING TIMES!”
While events continue to evolve – at an alarming rate – Mike conveys his uniquely candid perspective & elaborates on the state of affairs as of March 24th. Based on his undertanding – at the time – he looks into the near and mid term and provides possible (& in some cases probable) eventualities.
Members, I believe the (most) material update over the last few days is the fact that the coronavirus is showing no signs of being able to mutate quickly. My greatest fear was that – over the next year to 18 months a vaccine is created but the virus mutated to a point where that the vaccine …
Continue reading “WHY WE WILL NOT HAVE A GREAT DEPRESSION? THE KEY WORD IS MUTATION.”
Members, I want to guide members to be very careful in the markets. The last few days are a result of optimism over the stimulus package that has been communicated by the White House and Fed as: “We will throw everything at the economy to restart it” . It is very possible we could return …
Investment Club of America (ICOA) unanimously demands Congress to cease bailouts. While the economic effects of COVID-19 are not lost on anyone, those effects are especially not lost on ICOA. To date, this group of primarily accredited investors has invested over $30M in over a dozen small businesses, all of which are currently being harmed …
Continue reading “Investment Club of America (ICOA) unanimously demands Congress to cease bailouts.”
Members, You can bet 100% that Lobbyists on Capital Hill are working around the clock to ensure their needs are met. They are putting enormous pressure on their Congressmen (Lackies) – (whom they have promised jobs when they retire) – to do what they say. You can imagine this institutionalized corruption will come at …
One of our club members, Brett Gordon, has written an essay about the coronavirus to share with members. He did this on his own and he provides a unique prospective that is thoughtful and not being discussed. We may vary in our opinion with what Brett writes however, it is important that we consider all …
Members, I said at many club meetings over the last 3 years that the party in the stock market would continue until the share buy back programs had more scrutiny. That is now occurring and companies will be much more reluctant to buy back shares with the sole purpose of enriching stakeholders but providing no …
Continue reading “THE DAMAGE OF SHARE BUY BACKS AND WHAT I HAVE SAID WOULD HAPPEN FOR YEARS! #2”
Members The 4 biggest airlines, Delta, American, Southwest and United collectively spent $39 billion on share buybacks to enrich their executive team – to date. These executives took massive bonuses even if their particular stock was underperforming in the industry. Now these executives have squandered over 97% of all the monies they had on share buybacks and …
Continue reading “THE DAMAGE OF SHARE BUY BACKS AND WHAT I HAVE SAID WOULD HAPPEN FOR YEARS! #1”
At the Econosummit prior to introducing a speaker, Mike did a passionate presentation of what it will take to “Make America Great Again” but not in the Trump Context. This is a “must watch” for all club members who have concerns about many aspects of our Federal Government. These are subjects that Mike has been …
Continue reading “US Government is out of control! In many ways America has become a POLICE STATE!”