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Can Penny Stocks Make You Rich? Check These 4 Small-Caps Out

Penny stocks have a lot of potential; here’s 3 to watch right now
The post Can Penny Stocks Make You Rich? Check These 4 Small-Caps Out appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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4 Penny Stocks To Watch In Summer 2021

Can penny stocks make you rich? This is a question that a lot of those wanting to get into penny stocks ask themselves. And the short answer is yes. But, not in the way that you think. Investing in penny stocks is not like winning the lottery. Buying penny stocks is all about doing the proper research and committing to a strategy. And like anything, it takes time, patience, and an education. 

You wouldn’t get into an airplane and expect to know how to take off, so why would investing in penny stocks be any different? The most profitable traders tend to be the ones with the most information at hand. And, with the internet available to all, finding out the news, analyst recommendations, corporate filings, and balance sheets, has never been easier. So, while penny stocks have the ability to make you rich, this is a process that takes both time and experience. 

[Read More] Meme Penny Stocks Are Here to Stay; 3 For Your Summer Watchlist

In 2021, most on the list of penny stocks have seen high volatility. This is indicative of the overall stock market and the uncertain trajectory of the future. But, with Covid cases on the decline and vaccine rates at an all-time high, investors are hopeful about the coming months. Considering all of this, here are four penny stocks to watch in Summer 2021.

4 Penny Stocks to Watch in Summer 2021

  1. Vinco Ventures Inc. (NASDAQ: BBIG
  2. Precipio Inc. (NASDAQ: PRPO)
  3. LightPath Technologies Inc. (NASDAQ: LPTH)
  4. Ideanomics Inc. (NASDAQ: IDEX)

1. Vinco Ventures Inc. (NASDAQ: BBIG)

Vinco Ventures Inc. is a retail penny stock that is performing well right now. The company works in many markets through its retail partners. Some of its offerings include consumer product research and development, manufacturing, sales, and fulfillment.

Vinco offers toys, plush, electronics, and home items to retailers and distributers via e-commerce. This all takes place in North America, Europe, and the Asia Pacific. The other part of Vinco’s business is selling personal protective equipment to government agencies, hospitals, and distributors. This has become more prominent in the past year and a half due to the effects of the pandemic. 

Vinco Ventures just released two updates that may be causing the recent bullish momentum we’re seeing with BBIG stock. Let’s first talk about May 28th, when the company released an update on the acquisition of Lomotif and its merger with ZASH Global Media and Entertainment. The parties intend to sign a final agreement and plan of merger and reorganization on or before June 24th. This is big news as mergers always are exciting for both the company and investors alike. While the deal is not fully completed, the update provides a June 24th final agreement date. 

On May 25th the company reported its financial results for the first quarter of 2021. Its revenue increased by more than 31% year over year. Additionally, its gross profit managed to increase alongside this large revenue uptick. BBIG stock has gone up by more than 40% since these results were reported. Its volume is also vastly exceeding its average, at more than 4.7 times higher right now. With all of this info in mind, will BBIG make your list of penny stocks to watch?

2. Precipio Inc. (NASDAQ: PRPO)

In the past few months, biotech stocks like Precipio Inc. have become very popular due to the effects of SARS-CoV-2. As we all know, many companies working on a Covid vaccine or treatment have come into the public sphere. This has resulted in billions in capital flooding into biotech companies of all types and sizes. And, as the pandemic lessens in severity, many investors are turning their focus toward companies that may not be working on a Covid-related product.

For some context, Precipio is a biotech company working on cancer diagnostics and reagent technology. Its oncology products include clinical diagnostic services and more. Additionally, its cytogenetics media IV-Cell allows labs to get more accurate results, reducing error in this side of the disease testing field.

And, it offers a product known as the home screen panel which gives hospitals and labs the ability to run genetic mutation testing. This allows for rapid diagnostics of diseases before they show up in other tests. Lastly, Precipio produces an ICE-COLD-PCR which enables the detection of abnormalities in blood samples.

On June 8th the company launched its HemeScreen Anemia Panel, which is a one-of-a-kind testing tool aimed at identifying anemia in patients. It will help physicians address different types of ailments when a cause cannot be identified.

For those unfamiliar, the HemeScreen Anemia Panel is a blood test that identifies molecular genetic errors that point to fatal acute leukemia. On the day of this announcement, PRPO stock is up 19%, which is quite a substantial gain. Considering this exciting advancement, will PRPO make it onto your penny stocks watchlist?

Penny_Stocks_to_Watch_Precipio_Inc._(PRPO_Stock_Chart)

3. LightPath Technologies Inc. (NASDAQ: LPTH)

LightPath Technologies Inc. is a tech penny stock that creates optical components and assemblies. It is involved in the design, development, manufacturing, and distribution of these products. Some of its offerings include precision molded glass aspheric optics, aspheric lenses, and other optical components. These are used in the fields of defense, medical, industrial, automotive, and many more.

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On May 18th LightPath announced that it will be participating in NASA’s Jet Propulsion Laboratory’s Mars exploration program. Optical elements manufactured by its subsidiary ISP Optics will be used in the NASA Science Exploration Program. This is a major deal as it shows both the potential of its products and the utility that it can offer on even the most advanced project. 

“LightPath is proud to have our optical solutions supporting other missions aboard the International Space Station, the Space Shuttle, and numerous satellites. Our corporate location, in the middle of Central Florida’s Space Coast, is quite conducive to our increasing presence in outer space.

Working collaboratively with the University of Central Florida’s CREOL, LightPath is accelerating innovative solutions to match the rapid pace and rigorous demands of space exploration.”

The CEO of LightPath Technologies, Sam Rubin

LPTH stock price has skyrocketed since this announcement was made. On June 3rd, LPTH was at $2.30 per share on average. As of June 8th, this tech penny stock is worth $3.14 per share at EOD. With all of this in mind, is LPTH a candidate for your list of penny stocks to watch?

Penny_Stocks_to_Watch_LightPath_Technologies_Inc_LPTH_Stock_Chart

4. Ideanomics Inc. (NASDAQ: IDEX)

Ideanomics Inc. is an electric vehicle penny stock focused on the adoption of EV technology. The company’s mobility division facilitates the adoption of electric vehicles by commercial corporations. It also provides solutions for procurement, charging, energy management, and financing for these vehicles.

It’s Ideanomics Capital division provides fintech services that allow businesses easier operational capacity and higher chances for profitability. Both of its divisions help to make up what many consider, a very broad company. And, because of this, it seems like Ideanomics has a lot to offer traders of all types. On June 8th the company announced that it will present at the LD Micro Invitational XI on June 10th.

“The Ideanomics Mobility ecosystem of EV-centric subsidiaries represents the future of the commercial EV sector. We look forward to sharing recent learnings with peers and colleagues from around the world at LD Micro Invitational in the interest of driving the bright future of electric vehicle technology forward.”

CFO of Ideanomics, Conor McCarthy

Ahead of this conference, IDEX stock is up by around 2.7% to $3.16 per share on June 8th. Just one month ago, IDEX stock was at $2.50, showing how much bullish sentiment there is for IDEX. While this is not near its February highs of over $5, this recent performance shows that there could be a lot of potential for the company. Additionally, its placement in the EV market could help to propel it into the future. 

Penny_Stocks_to_Watch_Ideanomics_Inc._(IDEX_Stock_Chart)

Are Penny Stocks Worth It?

Whether or not penny stocks are worth it is up to you. At the end of the day, buying and selling stocks under $5 comes down to what type of trader and what your investing goals are. Figuring this out can be the difference between profits and losses in a very short period.

[Read More] 4 Penny Stocks To Watch As Dogecoin, Bitcoin & Cryptocurrency Surge

While investing in 2021 is not easy, there are plenty of penny stocks showing potential. With the right trading education and a commitment to learning, finding them can be easier than previously imagined.  

The post Can Penny Stocks Make You Rich? Check These 4 Small-Caps Out appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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VIDEO — Frank Holmes: Bullish on Gold, “Perfect Storm of Inflation” Ahead

"I think it’s quite easy this year (for gold) to take out last year’s high. It’s very easy to do that," said Frank Holmes of US Global Investors.
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The gold price reached a new all-time high nearly 12 months ago, and as the summer months set in again investors are wondering whether it may do the same thing this year. 

Speaking to the Investing News Network, Frank Holmes, CEO and chief investment officer of US Global Investors (NASDAQ:GROW), said he thinks it’s possible for the yellow metal to set a new record in 2021.

“I think it’s quite easy this year to take out last year’s high. It’s very easy to do that,” he said.

 

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“And once people start believing that the Consumer Price Index (CPI) number is (an) inaccurate forecast of inflation — that there have to be other factors, which has happened in previous cycles — then all of a sudden gold will get a brand new element to it.”

Holmes explained that the CPI is understated because it doesn’t track food and energy. In his view, rising inflation is “baked in” for the next couple of years given the amount of pent-up demand related to COVID-19, as well as continued money-printing efforts around the world.

The US Federal Reserve remains seemingly unconcerned about inflation, and has repeatedly described inflationary activity as “transitory.” When asked if he expects any meaningful changes at this week’s Fed meeting, which runs from Tuesday (June 15) to Wednesday (June 16), Homes said he does not.

“I don’t see any changes. The stock market is acting still pretty resilient,” he explained. “I think it’s full throttle of printing money around the world — we’re talking about trillions and trillions of dollars. And you still have this pent-up demand, so therefore you’re going to have the perfect storm of inflation, and if you can borrow inexpensively you’ll be ahead of the curve.”

Holme also has a positive outlook on bitcoin, and he noted that enthusiasm and acceptance for the cryptocurrency are on the rise. However, he still believes investors should allocate a larger amount of their portfolios to the yellow metal, which he views as more stable.

“(Bitcoin is) very volatile; it’s much more volatile than gold — it’s six times more volatile. So I’d advocate 10 percent into gold and gold-related quality stocks and 2 percent into crypto.”

Watch the interview above for more from Holmes on gold and bitcoin, as well as the potential he sees for the US Global Jets ETF (ARCA:JETS).

Don’t forget to follow us @INN_Resource for real-time updates! 

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

 

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10 Top Copper-producing Companies

Codelco is in first place, and it’s followed by Glencore and BHP. Read on to find out the rest of the top copper-producing companies.
The post 10 Top Copper-producing Companies appeared first on Investing News Network.

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Copper prices have made moves in 2021, rallying to record-high levels on expected demand growth amid a supply deficit.

While construction and electrical grids have long been big markets for copper, today the rise in demand for electric vehicles, electric vehicle charging infrastructure and energy storage applications are considered some of the biggest drivers of copper consumption.

CIBC analysts have forecast that copper prices will rise to US$5.25 per pound in Q4 2021 and into the first quarter of 2022. Prices are expected to average US$4.62 in 2021 and US$4.75 in 2022.

 

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Given those factors, investors may want to keep an eye on the world’s top copper-producing companies. According to the latest stats from financial market data provider Refinitiv, the following top copper-producing companies produced the most copper in 2020.

1. Codelco

Production: 1.76 million tonnes

The first top copper-producing company on the list is state-owned Codelco. As the world’s biggest copper producer, the company put out 1.76 million tonnes in 2020. Although there were concerns early in the year that operation curtailments due to the coronavirus pandemic would knock Codelco from its top spot, the Chilean company defied those expectations to meet its production guidance for the year.

In May 2021, Codelco announced the start of a US$1.4 billion project aimed at extending the life of its Salvador mine through 2068 by converting the underground mine to an open-pit operation. The project is a part of the company’s 10 year, US$40 billion plan to upgrade its many aging mines.

2. Glencore (LSE:GLEN,OTC Pink:GLCNF)

Production: 1.26 million tonnes

Major diversified miner Glencore produced 1.26 million tonnes of copper in 2020. After suffering an 11 percent drop in copper production for the first half of the year versus the same period in 2019, the company cut its annual production guidance for the full year to 1.23 million tonnes.

Rather than COVID-19 disruptions, Glencore attributed its production decline to its Mutanda mine being placed on care and maintenance in 2019. Operations at Mutanda, the world’s biggest cobalt mine, are set to resume sometime in 2022. In addition to cobalt, the mine has five copper production lines.

3. BHP (ASX:BHP,NYSE:BHP,LSE:BHP)

Production: 1.21 million tonnes

In 2020, BHP produced 1.21 million tonnes of the red metal. The Australian mining giant managed to keep its copper production numbers high despite the year’s COVID-19 disruptions and strikes at Escondida, the world’s largest copper mine.

Labor strife has continued for BHP into 2021 at the Escondida and Spence copper mines in Chile, although the company claims the current strikes have not impacted production.

 

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4. Freeport-McMoRan (NYSE:FCX)

Production: 1.08 million tonnes

Freeport-McMoRan recorded 1.08 million tonnes of copper production for 2020. Despite coronavirus-related production setbacks, strong copper prices helped to buoy profits for the company.

One of the company’s biggest copper assets is the Grasberg mine in Indonesia, the 10th largest copper mine in the world. The company continues to make significant investments in Grasberg to increase both its copper and its gold production.

5. Grupo Mexico

Production: 975,898 tonnes

Grupo Mexico’s mining division is the largest copper producer in the country. 2020 marked a year of record copper production for the company despite the global coronavirus crisis.

On its website, Grupo Mexico says expansion work at its Buenavista del Cobre mine in Mexico and Toquepala mine in Peru will make the company the world’s third largest copper producer.

6. First Quantum Minerals (TSX:FM,OTC Pink:FQVLF)

Production: 715,762 tonnes

Canada’s First Quantum Minerals produced more than 715,000 tonnes of copper in 2020. The company was able to increase its production guidance for the year despite temporary coronavirus shutdowns at its Cobre Panama mining operation.

In 2021, output is expected to be strong from Cobre Panama, as well as First Quantum’s other two key copper mines, Kansanshi and Sentinel in Zambia.

7. Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO)

Production: 548,074 tonnes

Rio Tinto’s copper production in 2020 totaled 548,074 tonnes. The company is one of the largest diversified mining companies in the world behind BHP — and like BHP, Rio Tinto was also negatively impacted by strikes at Chile’s Escondida mine. Rio Tinto holds a 30 percent interest in the project.

 

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8. KGHM Polska Miedz (FWB:KGHA.F)

Production: 543,672 tonnes

Poland’s KGHM Polska Miedz has operations in Europe, North America and South America, and says that it holds over 38 million tonnes of copper ore resources worldwide. In 2020, the company produced more than 543,000 tonnes of copper.

KGHM recently announced it’s cutting a few small assets from its portfolio, including the Carlotta copper mine in the US. In the first quarter of 2021, the company achieved its best operating and financial results in nearly a decade.

9. Antofagasta (LSE:ANTO,OTC Pink:ANFGF)

Production: 503,577.6 tonnes

Chilean copper miner Antofagasta operates four mines in Chile and produced more than 503,000 tonnes of copper in 2020. The company’s output was impacted by having to place its flagship Los Pelambres mine on care and maintenance, as well as by lower grades at its Antucoya operations.

Antofagasta recently pledged to cut its carbon emissions by 30 percent by 2025 by using renewable energy sources. By the end of 2020, the company reported that it was already powering 19 percent of its operations with renewable sources.

10. Norilsk Nickel (FWB:NNIC)

Production: 456,240 tonnes

Russia’s Norilsk Nickel produced more than 456,000 tonnes of copper in 2020. The company is also the world’s largest producer of nickel and palladium.

Moving forward, by 2030 Norilsk Nickel is looking to increase its copper production by 20 percent from its current level. The company is upgrading its production capacity at the Ruchey copper-nickel mine, replacing its obsolete Kola copper refinery with a state-of-the-art plant.

This is an updated version of an article originally published by the Investing News Network in 2016.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

 

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Slowly At First… Then All At Once

Slowly At First… Then All At Once

Authored by Lance Roberts via RealInvestmentAdvice.com,

Bull markets always seem to end the same – slowly at first, then all at once.

My recent discussion on why March 2020 was a “correction” and…

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Slowly At First... Then All At Once

Authored by Lance Roberts via RealInvestmentAdvice.com,

Bull markets always seem to end the same – slowly at first, then all at once.

My recent discussion on why March 2020 was a “correction” and not a “bear market” sparked much debate over the somewhat arbitrary 20% rule.

“Price is nothing more than a reflection of the ‘psychology’ of market participants. A potential mistake in evaluating ‘bull’ or ‘bear’ markets is using a ‘20% advance or decline’ to distinguish between them.”

Wall Street loves to label stuff.  When markets are rising, it’s a “bull market.” Conversely, falling prices are a “bear market.” 

Interestingly, while there are some “rules of thumb” for falling prices such as:

  • A “correction” gets defined as a decline of more than 10% in the market.

  • A “bear market” is a decline of more than 20%.

There are no such definitions for rising prices. Instead, rising prices are always “bullish.”

It’s all a bit arbitrary and rather pointless.

The Reason We Invest

It is essential to understand what a “bull” or “bear” market is as investors.

  • “bull market” is when prices are generally rising over an extended period.

  • “bear market” is when prices are generally falling over an extended period.

Here is another significant definition for you.

Investing is the process of placing “savings” at “risk” with the expectation of a future return greater than the rate of inflation over a given time frame.

Read that again.

Investing is NOT about beating some random benchmark index that requires taking on an excessive amount of capital risk to achieve. Instead, our goal should be to grow our hard-earned savings at a rate sufficient to protect the purchasing power of those savings in the future as “safely” as possible.

As pension funds have found out, counting on 7% annualized returns to make up for a shortfall in savings leaves individuals in a vastly underfunded retirement situation. Moreover, making up lost savings is not the same as increasing savings towards a future required goal.

Nonetheless, when it comes to investing, Bob Farrell’s Rule #10 is the most relevant:

“Bull markets are more fun than bear markets.” 

Of this, there is no argument.

However, understanding the difference between a “bull” and a “bear” market is critical to capital preservation and appreciation when the change occurs.

Defining Bull & Bear Markets

So, what defines a “bull” versus a “bear” market.

Let’s start by looking at the S&P 500.

Bull and bear markets are evident with the benefit of hindsight.

The problem, for individuals, always comes back to “psychology” concerning our investing practices. During rising or “bullish,” markets, the psychology of “greed” keeps individuals invested longer and entices them into taking on substantially more risk than realized. “Bearish,” or declining, markets do precisely the opposite as “fear” overtakes the investment process.

Most importantly, it is difficult to know “when” the markets have changed from bullish to bearish. Over the last decade, several significant corrections have certainly looked like the beginning of turning from a “bull” to a “bear” market. Yet, after a short-term corrective process, the upward trend of the market resumed.

So, while it is evident that missing a bear market is incredibly important to long-term investing success, it is impossible to know when the markets have changed.

Or is it?

The next couple of charts will build off of the weekly price chart above.

Identifying The Trend

“In the short run, the market is a voting machine but in the long run it is a weighing machine” – Benjamin Graham

In the short term, which is from a few weeks to a couple of years, the market is simply a “voting machine” as investors scramble to chase what is “popular.” Then, as prices rise, they “panic buy” everything due to the “Fear Of Missing Out or F.O.M.O.” Then, they “panic sell” everything when prices fall. However, these are just the wiggles along the longer-term path.

In the long-term, the markets “weigh” the substance of the underlying cash flows and value. Thus, during bull market trends, investors become overly optimistic about the future bid-up prices beyond the practical aspects of the underlying value. The opposite is also true, as “nothing has value” during bear markets. Such is why markets “trend” over time. Eventually, excesses in valuations, in both directions, get reverted to, and beyond, the long-term means.

While the long-term picture is relatively straightforward, valuations still don’t do much in terms of telling us “when” the change is occurring.

Change Starts Slowly, Then All At Once

“Tops are a process and bottoms are an event” – Doug Kass

During a bull market, prices trade above the long-term moving average. However, when the trend changes to a bear market, prices trade below that moving average.

The keyword is TREND. 

The chart below which compares the market to the 75-week moving average. During “bullish trends,” the market tends to trade above the long-term moving average and below it during “bearish trends.”

Since 2009, there are four occasions where the long-term moving average was violated but did not lead to a longer-term change in the trend.

  • The first was in 2011, as the U.S. was dealing with a potential debt-ceiling default and a downgrade of the U.S. debt rating. Fed Chairman Ben Bernanke started the second round of quantitative easing (QE), flooding the markets with liquidity.

  • The second came in late-2015 and early-2016 as the Federal Reserve started lifting interest rates combined with the threat of Britain leaving the European Union (Brexit). Given the U.S. Federal Reserve had already committed to tightening monetary policy, the ECB stepped in with their version of QE.

  • The third came at the end of 2018 as the Fed again tapered its balance sheet and hiked rates. The market decline quickly reversed the Fed’s stance.

  • Finally, the “pandemic shut-down” of the economy led to a price reversion in the market. The Fed intervened with massive liquidity injections and the start of QE-4.

Each of these declines only gets classified as “corrections.” The market did not sustain the break of the long-term trend, valuations did not revert, and psychology remained bullish.

Still A Bull Market

Today, Central Banks globally continue their monetary injection programs, rate policies remain at zero, and global economic growth is weak. Moreover, with stock valuations at historically extreme levels, the value currently ascribed to future earnings growth almost guarantees low future returns.

As discussed previously:

Like a rubber band stretched too far – it must get relaxed in order to stretch again. The same applies to stock prices that are anchored to their moving averages. Trends that get overextended in one direction, or the other, always return to their long-term average. Even during a strong uptrend or strong downtrend, prices often move back (revert) to a long-term moving average.”

The chart below shows the deviation in the market price above and below the 75-week moving average. Historically, as prices approach 200-points above the long-term moving average, corrections ensued. Thus, the difference between a “bull market” and a “bear market” is when the deviations occur BELOW the long-term moving average consistently. 

Since 2017, with the globally coordinated interventions of Central Banks, those deviations have started exceeding levels not seen previously. As of the end of May, the index was nearly 800 points above the long-term average or 4x the normal warning level. 

We can see the magnitude of the current deviation by switching to percentage deviations. Historically, 10% deviations have preceded corrections and bear markets. Currently, that deviation is 22.5% above the long-term mean.

Notably, the decline below the long-term average reversed quickly, keeping the “bull market” trend intact.

Conclusion

Understanding that change is occurring is what is essential. But, unfortunately, the reason investors “get trapped” in bear markets is that when they realize what is happening, it is far too late to do anything about it.

Bull markets are lure investors into believing “this time is different.” When the topping process begins, that slow, arduous affair gets met with continued reasons why the “bull market will continue.”  The problem comes when it eventually doesn’t. As noted, “bear markets” are swift and brutal attacks on investor capital.

As Ben Graham wrote in 1959:

“‘The more it changes, the more it’s the same thing.’ I have always thought this motto applied to the stock market better than anywhere else. Now the really important part of the proverb is the phrase, ‘the more it changes.’

The economic world has changed radically and will change even more. Most people think now that the essential nature of the stock market has been undergoing a corresponding change. But if my cliché is sound, then the stock market will continue to be essentially what it always was in the past, a place where a big bull market is inevitably followed by a big bear market.

In other words, a place where today’s free lunches are paid for doubly tomorrow. In the light of recent experience, I think the present level of the stock market is an extremely dangerous one.”

Pay attention to the market. The action this year is very reminiscent of previous market topping processes. Tops are hard to identify during the process as “change happens slowly.” The mainstream media, economists, and Wall Street will dismiss pickup in volatility as simply a corrective process. But when the topping process completes, it will seem as if the change occurred “all at once.”

Tyler Durden Tue, 06/15/2021 - 10:10

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