| Podcast: Contango, Stagflation and the Market Update |
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by S. Wade Hansen by John Jagerson Learning How to Put This Week's News to Work in Your Portfolio According to the Wall Street Journal, on June 24th, the Dow was up 2% and Senators were heading into a subcommittee meeting to discuss extensive changes to banking regulation. Current speculation in the markets? Bearish. But most feel the conditions are there for a strong bull market. Oh, and I should probably mention, this was the news in the WSJ on June 24th, 1930. At News from 1930 they track WSJ headlines on a daily basis. On June 22nd, 1930 banking executives predicted and “abrupt recovery by Labor Day,” and talked of a “V” or a “U” shaped recession. Short-selling was under fire because it was thought to have caused the crash in 1929. A Resolution was entered into Congress to outlaw short-selling altogether. But on a more positive note, economists felt the current situation with commodity prices was starting to look like a bottom. Sound familiar? (Just read the FOMC statement today.) Unfortunately, things didn’t turn out so well for our 1930 pals. That three-month “teaser” rally in early 1930, which all the world thought formed a market bottom, morphed into to a massive sell-off of historic proportions. The DJIA would drop another 80% in value over the next two years. We humbly suggest you learn from history and beware the hype. And we’d like to help. This week we explain why the “summer doldrums” are not real and how financial journalists can, sometimes, mislead you. We’ll also help you understand both the positive and negative aspects of working with an “expert” advisor. For more, here’s the complete list of articles and videos published in the last week. As always, they’re just as fresh today as when we first ran them. Just click on the play button to listen to this week's show. Right click here and select "Save target as" to download the mp3 file: Podcast: Contango, Stagflation and the Market Update New This Week: Broker Reviews Stock & Options Broker Review: Scottrade Stock & Options Broker Review: Fidelity Investments NEXT: Learn more about Investing Books, the Good and the Bad. Keep up with us:
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3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved." |
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