My 2016 Report Card (The Good, The Bad And The Ugly)

What a crazy year this has been. We are living in an upside-down-world where despite terrible fundamentals, Brexit, Trump’s election, the Italy vote and the Fed raising rates, sentiment keeps pushing the market higher and higher. Instead of the crash we expect and deserve, we get an apparently endless rally. Nothing makes sense. Nothing has gone as expected.

Well, that’s not true. 68% of the stocks in my forecast last year still did exactly what I expected them to do.

A rising tide lifts all boats, so some of the toxic stocks I pointed out last year haven’t crashed yet, or haven’t fallen as far as I expected. (Some have gone up, though only negligibly). However, you’ll still see a generous amount of red in our shorts column (one stock dropped 75% this year) and an even more generous amount of green in our longs column.

I hope you’ve made some money on these – especially on the long plays. Drop me a line in the comments and let me know how you did.

I try to pick stocks that are so good or so bad that even a year-long nonsense rally can’t conceal their true colors. Judge for yourself how well I’ve done.

Here’s my report card…

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How to Profit from The Death of the News Industry (And What to Read Instead)

While the political world was turned upside down by the Trump ascendancy, the media world was exposed for its bias and intellectual vacuity. It has become obvious to an increasing number of Americans that the mainstream media has seen its best days.

Having spent three decades watching American corporations lie to investors with phony earnings reports and Wall Street analysts fabricate earnings estimates about these companies, I am shaking my head at the current debate over so-called “fake news.” Wall Street consists of nothing other than “fake news.” CNBC calls itself the leading financial news channel but it is a cartoon version of a television network that creates a false narrative about the markets that tries to get unsophisticated investors to pull the trigger on their day-trading accounts at precisely the worst possible time. The mainstream media disseminates fake news to support its various political and business agendas, all of which are designed to increase its bottom line. The advent of the Internet exposed this dirty little secret by introducing new competitors who are more blatant in their efforts to print whatever serves their financial interests without any pretense to the truth.

Everyone should now understand that the so-called “news” published by the mainstream media is the real “fake news.” If you want to know the truth about what is happening in financial markets or anywhere else in the world for that matter, you have to dig deep and look for the few independent sources that are willing to give it to you. You aren’t going to get it from mainstream sources because, bluntly, it doesn’t fit their agenda and doesn’t make them enough money.

Soon, there won’t be enough money for them anywhere…

Here’s how to profit from the demise of the news industry (and what to read instead)…

To continue reading click here.