Why I’m Not Yet Bullish on Stocks

History Suggests a Retest of the Lows is Coming March 27, 2020 UNSUBSCRIBE | ARCHIVES You won't believe what he says at 2:56 of this clip [Watch By Midnight Friday] Recently, we conducted a brief interview with your editor Graham Summers… And right around the three-minute mark, he begins to reveal the secret Wall Street hopes you never find out. It could potentially help you win between 83% and as high as 92% of your trades from now on… And double your money or more in as little as four days — over and over again. Bottom line: If you want to level the field between you and the Fat Cats, click here. Why I'm Not Yet Bullish on Stocks Dear Money & Crisis Reader, Stocks are red this morning. If you've been following my work this week, you shouldn't be surprised. History tells us that after sharp, severe crashes – such as the one from late February to this week – there is usually a sharp two-day bounce. As I recently noted, throughout history there are only two other instances in which stocks crashed this rapidly – the crashes of 1929 and 1987. Both crashes featured a swift double-digit decline of over 20% in a matter of days… Both crashes featured a MASSIVE two-day rally that saw stocks rise 20%... And both of them then saw stocks roll over to either retest the lows (1987) or fall to new lows (1929). The crash of 1929 saw stocks lose 34% in the span of a few days before staging a massive two-day rally of 18%. Stocks then dropped to new lows. The crash of 1987 saw stocks fall 22% in a single day. They then staged a massive two-day rally of nearly 20% before falling to retest the lows. The point is that this week's massive bounce doesn't mean the lows are in. We are still in "watch and wait" mode for the markets. It would be perfectly normal to retest the lows or even break to new nominal lows. Having said that, the credit markets – which lead stocks – have shown signs of improvement. "An Open Letter to the White House…" Hi, I'm George Gilder. I've written speeches for Nixon. I've met privately with Ronald Reagan. Now I intend to meet with President Donald Trump. And I'm pretty sure he'll see me. You can find out why at this link — it shows you my letter plus much more. P.S. It's got nothing to do with politics. It's not about taxes or trade wars. It's about a discovery that could silence Trump's haters… preserve his legacy… and help millions of Americans to get very, very rich. For details, follow this link… Credit Could Predict the Fate of Stocks High yield credit spreads haven broken above resistance (red line below). What happens here is key. If they move to close the gap, then the rally has legs. If they don't, we're dropping. The same is true for investment grade credit spreads. One thing that gives me concern is the fact that industrial metals companies – which are closely aligned with the real economy – all began to roll over yesterday. I'm watching the markets closely and will issue the "all clear" here when it's time. Best Regards, Graham Summers Editor, Money & Crisis Biggest innovation since the Internet Within just a few years, the Internet changed the way we do business. It changed the way we communicate. And it created a LOT of new millionaires and billionaires. Now, history is about to repeat itself… A brand-new technology is about to replace the Internet as we know it. Forbes calls it the… "Biggest disruptor in technology since the 1990s." Click here for the full details… To end your Money & Crisis e-mail subscription and associated external offers sent from Money & Crisis, click here to unsubscribe. If you are having trouble receiving your Money & Crisis subscription, you can ensure its arrival in your mailbox by whitelisting Money & Crisis. Money & Crisis is committed to protecting and respecting your privacy. Please read our Privacy Statement. 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