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Traders and investors are just sticking their toes back in the water as I write this on Wednesday morning; Tuesday's "up" close was the first in three sessions.
The crowd, of course, is spooked by the inverted yield curve that developed late last week. From the minute the selling started, the media marched out a familiar cast of characters…
… the Wall Street analyst advising watchers to "Sell! Sell! Sell!" – while her buddy on the trading desk across the room chomps at the bit to "Buy!" at fire-sale prices…
… the pundit who's predicted 12 of the last three recessions (and who's never managed a dime of capital in his life) calls for – you guessed it – another recession, due to begin at 2:04 p.m. sharp…
… and on… and on…
(Sigh.)
The truth is, you're meant to think the wheels have caught fire and fallen clean off!
But of course, we know better. And with our risk-balanced "50-40-10" approach to investing, we sleep better, too – but that's a story for another day.
Now, with all that said, there is a very real risk in this situation, though it's not what you might think…
About the Author
Keith is a seasoned market analyst and professional trader with more than 37 years of global experience. He is one of very few experts to correctly see both the dot.bomb crisis and the ongoing financial crisis coming ahead of time - and one of even fewer to help millions of investors around the world successfully navigate them both. Forbes hailed him as a "Market Visionary." He is a regular on FOX Business News and Yahoo! Finance, and his observations have been featured in Bloomberg, The Wall Street Journal, WIRED, and MarketWatch. Keith previously led The Money Map Report, Money Map's flagship newsletter, as Chief Investment Strategist, from 20007 to 2020. Keith holds a BS in management and finance from Skidmore College and an MS in international finance (with a focus on Japanese business science) from Chaminade University. He regularly travels the world in search of investment opportunities others don't yet see or understand.
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