• Uncategorized

    What Happens Now?

    “It ain’t over till it’s over,” said Yogi Berra, the legendary New York Yankees catcher, and it’s hard to argue with his logic. He, of course, was talking about the 1973 pennant race, but I believe it applies to the economy and the stock markets today: “It ain’t over till it’s over”. There is good news and bad news. First the bad news: The unemployment rate came in at 14.7% with over 20.5 million jobs lost since the pandemic hit. There are over 33 million people who have filed for unemployment. Not since the Great Depression have we seen these types of unemployment numbers. The economy is staggering under the…

  • Adams Financial Concepts,  COVID-19,  Current Events,  Mile High View

    Oil 2020

    What would you say if someone offered to pay you $37,000 to just take one single contract for 1,000 barrels of oil? All you had to do is find a place to store it. That actually happened a week ago. All you had to do was figure out where to put ten tanker trucks of oil until the market got better, and you would have been paid to take custody of the oil. It doesn’t take a rocket scientist to know that demand for oil fell off a cliff. Airlines were cancelling flights and leaving their planes on the ground. People were being ordered to stay home and shelter, and…

  • COVID-19,  Current Events

    What Just Happened?

    On Friday, the DOW fell 361 points and then yesterday the DOW gained 1,627 points. That is a sign that the market probably bottomed on March 23 and is beginning a climb back to new highs. It is a pattern that we have seen before. Let me give you the explanation of why I say this. The easiest illustration is Black Monday, October 19, 1987, when the DOW plunged 508 points – 22.6% in one day. People remember Black Monday, but what might have been more important was April 20, 1987. When the markets fall like they did on Black Monday, or over several days in March 2020, almost all…

  • Adams Financial Concepts,  COVID-19,  Current Events,  Super Cycle,  The Investment Industry

    WHAT TO KNOW ABOUT THIS MARKET SELLOFF

    “History doesn’t repeat itself, but it often rhymes”. I believe there are lessons to be learned from a previous time when the market, during a good economic time, plunged to the worst down day percentagewise in market history. It was the first time that the market plunge spread internationally to the world’s stock markets. There are lessons to be learned from Black Monday back on October 19, 1987. On that day, the market plunged down over 22%! Black Monday is remembered as the worst market drop in history, but it was October 20, 1987 that had the potential to collapse the entire financial system. There is an old saying: “for…

  • Current Events,  Mile High View

    The Impact of Fracking

    The stock market selloff Thanksgiving week 2018 was the worst Thanksgiving week since the 1930s, during Franklin D. Roosevelt’s administration. Why this sudden drop in a year of highs? And what impact will we see? In my opinion, the selloff stems from changes in the largest industry in the world. And few people recognize it. The Bush-era tax cuts, the largest ever passed, saved the average family $315 a year. The changes that are taking place now will save the average family $1,750 a year and will probably increase. Oil prices dropped from $76 a barrel to $51, and I expect oil will gradually drop even further. The energy industry…