The Real Expert

Why It's Time to Be Invested in the New Recession

You seem like a nice fellow so it is difficult for me to say this but still I must, for your own benefit. Wow. You are truly blind. of course you watch CNBC and praise Maria "Fartiromo." It's your job to keep telling people to buy stocks that are blowing up. We all saw the same BS a few years ago with the Internet stocks. You are always telling your customers to buy.

You are no different than the rest of the gimps who work for retail investors. When the market is doing well you insist your customers need to buy because they will "miss out." And when the market is tanking you insist they need to buy because "stocks are cheap." Now, I don't blame you. You have been programmed to do this. But you really need to take a good hard look at things and know whether you can remain happy making money off of retired people, while providing no real value. On the other hand, if you are ignorant to these realities then you won't ever know the difference.

There are so many things you have stated that are absolutely false that I could post your entire article and pick it apart. Instead, I'll point out only a few.

"U.S. banks and brokerage firms are not accustomed to volatility."

Are you kidding? At this point, I have to conclude English is not your first language. Volatility is a reality. They are used to volatility but they hedge volatility. They acted irresponsibly due to greed and lack of ethics. This fueled a huge bubble of overvalued debt that finally blew up. It's that simple.

"The second reason why panic struck is a simple calendar issue. What happens during the first half of an election year? Voters elect Presidential nominees. What do these nominees talk about in every interview and in every debate? Change."

Not in the least. Son, if you continue to use the Stock Trader's Almanac to explain away the biggest meltdown of assets in the history of the world, you are going to have some major probelsm down the road. You act is if there was this one day of panic. Panic has been occuring on most days for nearly a year now...not by investors but banks..and for good reason.

"If we are in a recession, it's a new kind of recession. One that is a stock pickers dream if you can pick out the companies unaffected from the turmoil. Just because a few sectors are weak doesn't mean the entire system has to implode."

This is the best you can do? Tell readers that some stocks will do well and to not by the financials????? Lol. Let me make thinks easy for you. BUY OIL AND OIL RELATED COMPANIES (excluding XOM), BUY MINING AND MINING SUPPLIERS LIKE BUCY. BUY GOLD. DO NOT TOUCH ANYTHING ELSE IN THE US MARKETS. KEEP A BIG CASH POSITION TOO.
If you want to provide some value, let me give you some advice son. Instead of making blanket recommendations for people to buy into this terrible market, you should be helping people understand how to determine their individual investment suitability. Those who have horizons of over 20 years will be okay to buy into the dips in the market. But those getting ready to retire in the next few years need to stay clear. You are a salesman plain and simple. No Wall Street firm has any real analysts. Analysts are simply salemen as well. The sell BS reasons to brokers why they should always be in the market. If any Wall Street firm had real analysts, they wouldn't have gotten caught in this mess.

Friend, for your firm to be selling UITs tells me all I need to know. Why would anyone buy a UIT when they can buy ETFs? UITs have huge fees and are second only to annuities are the biggest ripoffs. My prediction is that you will be an insurance salesman within 3 years. Don't worry, they do well and don't have the liability stock brokers have.