I go online to check Yahoo Finance everyday to see how the stock market and other markets are doing. I try to stick to the numbers and real information, and avoid the headlines and articles most of the time. But, a few weeks ago this was the headline that couldn’t be missed.
Billionaires Bet Big on Market Crash (The Reason Why Is Shocking)
I was in the mood to be “shocked” so I clicked on the link and it took me to the article. This is where it gets comical.
This is the first paragraph…
“Investment titans are making massive billion-dollar bets that the stock market is approaching an imminent crash…Multibillionaire Carl Icahn, for example, recently increased his short positions by 600% … betting as much as $4,321,000,000 that the stock market will plummet sharply and suddenly! Mysteriously, just about every major financial whale is taking specific steps against the market … all at the same time.” 2.
The amount of money Carl Icahn is betting just so happens to be numbers counting down to 0, which i thought was a funny (on purpose) coincidence. But obviously what is happening is they are trying to get me to think that stock market genius’s all see this great crash ahead, so it must be happening.
It Gets Better…
“The glaring question is … what’s coming that has them so sure? The best answer we found is linked back to a little-known, controversial calendar. Devised by a group of Wall Street analysts in 1905 and kept closely by insiders, this little-known calendar has accurately predicted every boom and bust for the last 111 years, and what it says for the rest of 2016 is alarming. “It simply labels each year with a corresponding letter. For example, 2008 was a ‘K’ year, meaning ‘low stock prices.’ Hence, I was forewarned of the crash.” In the video, one can see that 2016 ends as a “D” year … once again meaning “low stock prices.”” 2.
Wow, this kind of reminds me of the Mayan calendar that predicted the end of the world in 2012. I am pretty sure the stock market is more complex than a single letter label can define for any given year. How in the world, would some guys in 1905 know anything about the stock market in 2016. So the weird thing is, I am pretty sure this article was written at the beginning of 2016, but by the time I saw it 2016 was almost over. Now it is 2017 and we know for sure that nothing alarming happened in the stock market in 2016. In fact, just the opposite, lot’s of positive returns. It was at this point of the article that i started thinking, why would anyone write this article and put so much fear into investors. Then I read this.
“With this kind of information at hand, it’s easy to see why those in the know are making big bets that a stock market crash is imminent. But what’s even more exciting for investors is what 2017 and 2018 hold. Yastine believes that if one has the help of his updated and advanced version of the calendar, they could add an extra $1.2 million to their retirement. Click here to see the calendar in JL’s new video exposé.“ 2.
Wow, that is a great sales pitch. They are in the business of making money off of peoples fear and greed. The more fear they can put into the investors, the more money and fame they will get.
I advise you to stay away from the fortune tellers of Wall Street. Nobody has a crystal ball. Don’t fall for the headlines that are only there to sell you on emotion of fear. Fear is a powerful emotion that can take over an investors mind. Don’t let it.
By Jimmy Hancock
1. Mayan Calendar. Digital image. Creatingdigitalhistory.wikidot.com. N.p., n.d. Web. 4 Jan. 2017.
2. Smith, Jocelynn. “Billionaires Bet Big on Market Crash (The Reason Why Is Shocking).” The Sovereign Investor. The Sovereign Society, 8 Dec. 2016. Web. 8 Dec. 2016.