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The unknown in the mid-year election is how angry and fed up American voters are but I suspect they are truly ticked off and it will not benefit Biden who seems not able to remember someone who died and had to be shamed into speaking with Gov. De Santis+++
 Pelosi HUMILIATED - Booed Off the Stage! Read it Here >> |
And:
WATCH: Attorney General BOOED Off Stage...
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This is from a recognized investor:
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Update:
Now Entering Phase 5
Turn Your Images On
Dear Alpha Investor Reader,
Legendary investor Warren Buffett says that the key to making money is “to be greedy when others are fearful.”
But to know the best time to be greedy in a bear market, you have to know which phase of the bear we’re in.
So, I went back and researched every bear market since 1900 — that’s over 120 years.
Because while history doesn’t repeat itself, it sure as heck rhymes.
And I found that while every bear market is a little different from the previous one, all go through five phases…
Phase 1: Beginning (Of the End)
Phase 1 happens when investors realize that “we’re not in Kansas anymore.”
This phase started in January 2022.
Buying the dip no longer worked as the market headed lower. Because the strong tailwinds that were pushing the market higher — low inflation and low interest rates — were over.
Phase 2: No More Denial
Then, reality sets in. That’s phase 2.
Early this year, inflation jumped to 40-year highs. And the Federal Reserve started to raise rates for the first time in over three years.
This rattled investors. They could no longer deny that the bull market was over…
Phase 3: “Holy Cow” Moment
This moved us into phase 3 — when investors panic and sell.
From the end of March through May, the Dow Jones closed lower eight weeks in a row. That hasn’t happened since 1923.
Investors were plenty fearful. But hang on … it’s not time to buy just yet.
Because once the initial panic is over, investors settle down.
Phase 4: Wealth Killer
This moves the bear market into phase 4.
During this phase, volatility increases. You see sharp downturns, and quality stocks start to get hit.
But then, they’re followed by huge up days, sometimes even back to back.
This is very dangerous for most investors. They see a few good days and start buying stocks … only to get hit on the side of the head with another sharp sell-off.
This is what happens in every bear market.
Strong up days trick investors into thinking the bear market is dead and a new bull is starting.
And that’s what happened this summer.
From the June low to the August high, the Nasdaq rallied 22%. Many thought the bear was over.
But it wasn’t.
Since then, the stock market has been heading lower — with the S&P 500 and Dow Jones making fresh lows just the other day.
I call this phase the wealth killer.
But here’s the Real Talk: Fortunes are made when the bear enters phase 5.
That’s where we are right now…
Phase 5: Following the Legends
No one rings a bell and tells you when the bottom is and the bear market is over.
Boy, wouldn’t it be easy if they did?
But timing the bottom is just a matter of luck, not skill. And no one has a crystal ball.
In fact, during the 2008 bear, Warren Buffett started buying again in October of that year.
That bear market didn’t end until five months later in March 2009.
So, even the greatest investor of all time can’t time the bottom. It’s simply impossible.
But the bull market that followed Buffett’s buying lasted 13 years and soared more than 800%.
Phase 5 is where many investors start giving up on stocks. Sometimes, this phase lasts weeks. Other times, months.
Bottom line: Phase 5 is where you bring home the bacon — it’s where the big money is made.
But trying to time this phase is very hard. So, trying to time isn’t what matters.
Your time in the market is what matters. That’s why I’d rather get in early than late.…
Time to Act
Another investing legend, Peter Lynch, said:
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”
So, forget about when the bottom will be and focus on what we know works…
Buying quality businesses at even more attractive prices during phase 5.
Right now, many companies in our model portfolio are trading at even better bargains than when we bought them, including:
Taiwan Semiconductor Manufacturing Company (NYSE: TSM).
Applied Materials Inc. (Nasdaq: AMAT).
And Lam Research Corporation (Nasdaq: LRCX).
And several others, while trading higher, are still below our buy-up-to prices, like Amerco (Nasdaq: UHAL) and Occidental Petroleum Corporation (NYSE: OXY).
Now’s a great time to build your portfolio if you’re new to the service or underinvested. Take advantage of these great prices now.
And if you’re fully invested, sit tight. You won’t want to miss out when the bull market comes around again.
That’s all I have for today.
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FBI Whistleblower defended by associates:
https://nypost.com/2022/09/28/
https://nypost.com/2022/09/28/
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Manchin must learn not to trust his own. Moynihan learned the hard way. Democrats have no sense of loyalty just reaching their goal in any doable manner:
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The Humiliation of Joe Manchin
By Noah Rothman
Democrats never fully appreciated the service Joe Manchin provided them over the first 18 months of Joe Biden’s administration.
Even when his party convinced itself that its fluky Senate majority conferred a mandate to remake the American social contract and spent trillions in its pursuit despite the effect on inflation, Manchin was there whispering “thou art mortal” in Democratic ears. Those susurrations became louder in direct proportion to the threat to American pocketbooks posed by rising consumer costs. Almost alone, Manchin lent the Democratic Party some needed credibility on the foremost economic issue of our time. And then, Manchin just gave up. The senator set his hard-earned reputation alight, and the conflagration may yet consume his political career.
Manchin’s courage first failed him in July. The Democratic Senator whose office had spent more than a year insisting that “we cannot add any more fuel to this inflation fire” while “millions of Americans struggling to afford groceries” settled for a fig leaf. Democrats had cobbled together a bill consisting primarily of federal spending on climate-change initiatives, but they called it the “Inflation Reduction Act,” and that was enough.
By backing the bill, Manchin sacrificed more than he got in return. “Given the current state of the economic recovery, it is simply irresponsible to continue spending at levels more suited to respond to a Great Depression or Great Recession,” the senator said last year. By this summer, all evidence to the contrary notwithstanding, Manchin insisted that this particular spending bill “can’t be inflationary.” After arguing for months that taxing businesses and burdening consumers with rising costs was grossly unjust, he argued that tax hikes and costly regulations on the fossil-fuel industry were merited by cosmic notions of “fairness.”
But Manchin’s display of supplication didn’t go unrewarded. Senate Majority Leader Chuck Schumer assured the senator that he would attach a proposal to fast-track fossil-fuel permitting to a must-pass resolution that would keep the government open into December. Progressives balked at the concession to a figure who had stymied their ambitions for so long, but assurances had been made. Schumer handed Manchin a loaded gun. All the senator had to do was demonstrate the mettle to hold his party hostage with it. That’s when the senator’s courage failed him again.
Facing mounting resistance to his attempt to offset the “Inflation Reduction Act’s” new costs with some relief, Manchin backed down. On Tuesday night, he agreed to move forward with a vote to fund the government without his permitting proposal. Manchin tried to clean up after himself by insisting that, if he had stuck to his guns, a government shutdown would follow, and that would “embolden leaders like [Vladimir] Putin who wish to see America fail.” The naivete demanded of the audience for a statement like this suggests they’re too young to vote, much less follow congressional machinations.
It’s been a mortifying experience for the Senator, one with long-term implications for his party. Manchin’s acknowledgement of the fact that Schumer cannot deliver his own caucus despite his assurances to the contrary renders the Senate majority leader a diminished figure. The secretive way in which the deal was struck infuriated the environmentalist left, while the reconciliation process that produced the “Inflation Reduction Act” scuttled any chance that Republicans would rescue Democrats from their activist class. But the most profound humiliations are Manchin’s alone to bear.
Here was a man who bestrode the Congress like a colossus. Manchin was “the man who controls the Senate,” a figure who wielded “an unfathomable amount of power over the president’s agenda,” and who chose “as his legacy to be the one man who single-handedly doomed humanity.” He was harassed in his residence, savaged by his colleagues in Congress, and demonized in the national press. It was all endurable, he repeatedly claimed, because he served only the interests of his West Virginians.
In the end, according to his own terms, Manchin betrayed his constituents’ interests. And they’ve rewarded this betrayal in kind. As of April, Manchin enjoyed the approval of 57 percent of West Virginians, up from just 40 percent in the winter of 2021. By the end of August, however, Manchin had become not just the least popular figure in the country, but the object of scorn in his home state where just 26 percent of respondents approve of the senator’s conduct in office.
The senator still reportedly clings to the hope that his permitting plan might slip through before the end of the year, but his comments betray his state of resignation. “It’s revenge towards one person: me,” Joe Manchin complained of Republicans in the Senate, who refused to rescue him from the consequences of his bad judgment. Inauspiciously referring to himself in the third person, Manchin insisted he had “never seen” the kind of “revenge politics” of the sort that would have the “extreme liberal left siding up with Republican leadership” at the expense of good policy.
That’s not “revenge politics.” It’s just politics. Moreover, it’s a political bind Manchin would not have faced if he had just stuck to the principle he spent over a year and untold sums of political capital establishing. As smooth an operator as West Virginia has known for a generation, Manchin spent the past three months retreating from defensible terrain. He deceived his voters, duped those who took his anti-inflation credentials at face value, and discovered that the environmentalist left’s true believers don’t do transactional politics.
For all his hardships, Manchin has saddled his party with an even more tarnished reputation on the issue of inflation. He has exposed how little control his party’s majority leader has over his caucus. He has secured for them a fraction of what they sought in the “Build Back Better” bill while encumbering consumers with higher costs. And in 2025, his seat in the Senate is likely to be occupied by a Republican.
Where once stood a consummate legislator, there is little more than a punchline in his place. Though it is hard to summon any sympathy for the senator’s plight. It’s so rare to see a politician punished for abandoning principle in the pursuit of parochial political advantage. If that’s “revenge,” a just universe is its author.
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