Market Sell-Off…More than meets the eye!

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Alright, I wanted to check in with everybody. I’m the same way, but again, we had a disruption in the market, disruption in the force, almost reminds me of Star Wars. Markets have been selling off on things that we have told you. I reminded my daughter today that again, she needs to buy me a shirt and says, don’t doubt me. The jobs numbers for some time have been a fugazi. We’ve explained that to you.

We’ve talked to you about the strength of the consumer, which has been waning for some time. The government will tell you one thing, okay, but companies will tell you another. When you have the CEO of Wayfair come out and talk about how customers are just, not spending like they used to. They actually harken back to 2008. Clients of mine, and I speak to that are in various different sales industries and talking about how the consumer is pulling

in a myriad of ways and have been doing it for some time. All of these things have been taking place. Underline the markets again you’ve been lied to. Now came to a bit of a head this week when you had manufacturing numbers that were just awful and jobs numbers again more jobs. Numbers prior months revised the downside which is again it’s an automatic and this month’s numbers were very very weak.

as well. And again, we’ve already looked at the internals of these numbers, and the numbers have been bad. Take a look at where jobs have been created, who’s creating the jobs, government, and the ones that are actually in the private sector where they’re going to. There’s a little bit more that meets the eye in regards to the latest sell -off as well. I think the markets are coming to terms with the fact that Kamala Harris got a really good shot

winning this election does. And again, I think they’re trying to figure out who’s actually going to be running the show because she’s not. She’s not just as much as Biden is not running the show now. Who again? And they will trust me, they will get this information out to the big banks and to major people, but actually who’s going to be handling economic policy? She’s not. Again, her first and you have to you have to go watch it to actually believe it. Nobody says as much as she does with so many words.

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and says nothing. years ago, years ago. Yeah, it was years ago we started calling her word salad. there, know, the hostages are coming off the plane. I had to write it down here. This is just an extraordinary testament to the importance of having a president who understands the power of diplomacy and understands the strength that rests in understanding the significance of diplomacy. Here you go, that’s nothing. You’re just wasting breath right there.

And then unfortunately, again, it’s sad. take a look at Joe Biden, standing right next to her, and he obviously looks like he has, looks to me like he’s Parkinson’s. He’s just zoned out completely. Then again, mainstream media won’t show you this. Turns around and gets on the wrong airplane, gets on the airplane that the hostages came off of, and just stays on it for a period of time. And everybody, again, you’re not gonna see this in the mainstream, everybody’s like shocked.

When is he gonna come off? is he gonna come off? When is he gonna realize he’s not on the right plane? Anyway, that’s a bit of a concern as well. We have a week in a car, and for some time I’ve said it’s almost been a bit of a recessionary type of environment where certain companies have been cutting costs, have been doing it for some time. And again, this is what happens during a recession. People are worried about a hard, I’m gonna have a hard, I’m gonna have a recession. Recessions are great.

They’re fantastic. If you are a smart company owner, you’re going to appreciate recessions. If again, if you’re intelligent, if you are a moronic trader thinking that, my God, I got to get in and out. No, no, you’re going to lose out. Okay. You’re going to get your head handed to you. You think you’re going to outsmart the markets, just own good companies. What, what, do good companies do during recessions? What do they do? They get lean.

and they get mean. We’ve described recessions in the past, it’s like the lymphatic system of the human potty. It’s where companies cut out the crap, they get rid of all the weak parts, they go through soup to nuts and see what’s working, what’s not working. They get rid of employees that they don’t need, it’s a part of it. And then they come out on the other side stronger. And we talked about that, the concept of being anti -fragile. Do I think we’ll probably see more volatility?

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most certainly throughout August and into, you know, probably extended into the end of the year without a doubt. Again, Federal Reserve, I mean, honestly, what are they going to do? They’re to lower by a quarter. They’re going to lower by 50 basis points. More has to do with what they’re, you know, basically what the repo agreements are with the banks right now that are keeping the banks from lending. I don’t know if they’re going to change that. That would be helpful most certainly on the real estate front.

to some degree. again, if you want to go back, you want to take a look at some of the things that we’ve written and talked about when it comes to slowing economies, recessions, and how they play out for your portfolio. I’ve written extensively about this over the years. In fact, a I did in search of recession was a playoff on Leonard Nimoy’s In Search of from the 1970s. You can keep looking for them and looking for them and looking for them, and oftentimes you’re in

and don’t know it. Or you might know it, but it’s not like they’re telling you about it. And again, I like to harken back and remind everybody that the great recession, took the high priests there, the National Bureau of Economic Research in Cambridge, it took them a year. A year after it was over, they said, yeah, there was a recession at that point in time. So again,

Don’t fear this stuff, okay? You’re gonna have increased volatility without a doubt, okay? But again, look to add. Don’t change your plan as far as dollar cost averaging is concerned. Continue to accumulate during these hectic periods of time. Don’t listen to people on there like, buy the dip. Dips? I don’t buy dips. I don’t buy run -ups. I just buy every single month. High quality companies that I think have great value. And guess what? It works. Not once, not twice, but it works all the time. Watch Dog on wallstreet .com.