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Financial Freedom

Cover Your Eyes… and Buy Like Hell

Cover Your Eyes… and Buy Like Hell
  • PublishedApril 15, 2020

We live in a crazy world.

With one hand, investors are cheering the rabid rally of the last three weeks…

They’re covering their eyes with the other.

Investors are bidding up prices as the nation debates how to reopen the economy. We’re bullish, as we think the world may have seen the worst of this mess.

But then we think of what it took to get us here – the financial chicanery, the helicopter money and the government-sponsored debt – and we start to sweat.

All this manipulation and mess, the country will soon say, for a virus that’s looking like it’s been here longer than the government thinks and is far less deadly than it led us to believe.

Oh well… it’s only money.

It’ll just print some more.

The rally will continue.
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The Great American Bear

We tuned in to an interview with Jim Rogers this week. He’s the bowtied fella who’s made some bold calls in his day.

He’s famously bearish on America.

Rogers once warned Alan Greenspan’s heavy hand had created a real estate and consumer debt bubble. He used the idea to short banks, homebuilders and the government-concocted entity that tied them together, Fannie Mae.

It was a good move.

The Fed had to print some $800 billion to get us out of that mess.

These days Rogers is warning folks once again. The next crash, he said, will be “the worst of our lifetime.”

The news won’t report it, but he’s already been proven right. At least, that is, if we dare to judge things by the Fed’s reaction to it all.

It’s exploded its balance sheet by another $2 trillion – twice what it stuffed into the economy just over a decade ago.

Rogers doesn’t hold back about the idea.

It is “absolute madness,” he said. “Incomprehension to me. If somebody had said 20 years ago, 30 years ago, that any central bank, much less a responsible central bank, could act like this, they would’ve stopped talking to you. You would’ve left the room. But it’s happening, and we’re sitting here watching it.”

When asked what he would do if he were in charge, Rogers was quick with his words.

“I would abolish the Federal Reserve and resign. I would have to resign. I’d probably be assassinated or thrown out.”

That’s the rub of it all… especially in an election year.

Everybody knows we’ve got a mess on our hands. We’ve known it for decades… generations, even.

But the solution is painful. And elections are in November.

Voters won’t stand for it.

So new money will be printed. The stimulus will continue. And the hole will get bigger.

Someday, it will hurt.

But right now, Rogers is right… The rally will be nice.

Buy Like Hell

Even a bear like him is buying. We’re crazy if we don’t, he says.

We agree.

We could put our foot down and say it’s all a sham.

It is.

But that won’t stop the Dow from climbing and stocks from roaring higher. It won’t stop the Fed from buying massive amounts of bonds and ETFs. And it won’t stop the pumpers from pumping.

And here’s the most important part.

You won’t get rich by doing nothing.

From now until November elections, the chances for a grand rally are strong. Some of the greatest forces on the planet are working together to ensure markets don’t go down… and voters stay happy.

The latest news from Goldman Sachs proves the point. The firm had called for the S&P 500 to recoil all the way to the 2,000 level – 25% below where we are this week. But on Monday, it raised its guidance.

It says you can’t fight the Fed… and its checkbook.

The golden boys now say it’s silly to bet against the Fed and that we’ve hit bottom.

At least in the short term.

Our message is simple. Buy.

Buy like hell with one hand… and cover your eyes with the other.

On that note, we just released our latest investment research… including details of a $5 tech stock that is an absolute buy right now.

There’s plenty to fret about, to be sure. It’s important to know all angles of the story.

Our new video gets it all out of the way right upfront. But stick around for a couple of minutes and you’ll see there’s a huge opportunity building for investors who are eager to get back in.

Like what you’re reading? Let us know here.

Written By
Andy Snyder

Andy Snyder is the founder of Manward Press, the nation’s premier source of unfiltered, unorthodox views on money and what it means for a free society. An American author, investor and serial entrepreneur, Andy cut his teeth at an esteemed financial firm with nearly $100 billion in assets under management. Andy and his ideas have been featured on Fox News, on countless radio stations, and in numerous print and online outlets. He’s been a keynote speaker and panelist at events all over the world, from four-star ballrooms to Capitol hearing rooms. Today, Andy’s dissident thoughts on life, liberty and investing can be found in his popular daily newsletter, Manward Financial Digest.

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