The club guidance has proven to be accurate.
For example, the oil guidance has already proven to be a strong “win” for those who executed the trade.
But remember – this is a trading market and taking quick profits and getting back into cash is a prudent strategy.
For the most part it does not yet make sense to sit “long term” in any position until we have more economic indicators.
Beyond comprehension is listening to money managers (the last few weeks) as they discuss buying stock positions on dips like Apple – when a huge part of the world economy is shut down!
As I have said many times before “Money Managers are the most overpaid, undertalented, “professionals” in the workforce and the vast majority of their guidance over the last several months would have left you reeling with heavy losses.
Remember at the club meeting in January the discussion was:
The market is overvalued.
No one was talking about a Recession then – but we discussed 3 ways a Recession could occur and the guidance that night (and the last 18 months) has been to have little (to no) exposure in the stock market.
We are not trying to “toot” our own horn but we are saying that the club presents guidance that, more often than not, is not available in the popular media .
One of our objectives is to grow the club and we ask that members consider forwarding a few posts (below)
– on social media & help the club get more exposure.