Earlier this week I was on a training presentation with who I was told was a highly recommended economist. The “training” was supposed to give an economic outlook on the U.S. markets.
During the presentation the “trainer” showed 4 charts that I included below for you.
Essentially they are retracement charts of:
Our current S&P 500 standings 2008 Financial Crisis 2000 Tech Bust Crash of 1929
For the rest of his “training” pumped a bunch of FEAR into the “digital room” and asked…
IS HISTORY REPEATING???
Inferring that the market is going to go down for a very long time.
Then he asked everyone to buy his report.
I don’t mind looking at trends or evaluating historical events. In fact I think it is very wise.
However, to prey upon people’s fears to make a sale got me all flustered.
I do agree that we are in very uncertain times. We are in a new economy where the old “buy and hold” strategies will not be effective. There will be people that make fortunes from this market and others who will lose considerably.
A few weeks ago I mentioned the “Power Pyramid” and how you can structure your financial assets so you have a sturdy foundation through times just like this. [If you missed it send me a message and I will resend it to you.]
The goal here is to get to financial peace and a position for prosperity.
…the wise man built his house upon the rock.
And if you are prepared you should not fear.
Let us know if we can help.
Remember — It’s Your Time…