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Wars, famine, recession, expansion, earnings beats, earnings misses, rising interest rates, falling interest rates, and, if you're so inclined, lunar cycles. These are just a few of the anxiety-inducing topics that can be worked into any conversation about the stock market.
Arguably the "coolest" worrisome topic of the moment is debt.
Byron Wiens, a market prognosticator and strategist who now hangs his hat at private equity giant Blackstone, pointed out recently that total U.S. government debt is now some $20 trillion.
Then there's margin debt, which is always a gas to talk about. Total margin debts in customer accounts are near record levels. That's surely a sign of speculative excess indicating customers are way too bullish.
However, in some contexts, those debt levels are hardly worth shaking a stick at. It's just 2.2% of the total market cap of all stocks, which is still below the excess levels of 2007.
Of course, the mere mention of debt levels being "near all-time highs" makes for a very scary story about stocks.
This list of worries goes on and on, with each one more fearmongering than the last.
But there's an easy way to beat the fear-filled bears and zany, hype-driven bulls that dominate the mainstream media.
It's a simple piece of advice that's allowed me and my readers to secure triple-digit winners time and time again.
And I'm going to share it with you today...
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth" and Heatseekers.