Shutting Up the Big Shut Down

Mike Williams | 23rd January 2018
Categories
Letter from America

Things are getting better. 

Now, that doesn’t mean every day, week, month or quarter.

Long-term trends include bad windows.

Sometimes several of them.

Shutdown

As such, I shouldn’t be surprised by today’s headlines:

"Traders Skittish as Government Shutdown Looms"

Of course, the pictures and images are grim, eliciting that type of cringe from readers that media producers look for today in their click-revenue-producing stats. 

That's what it is about right?  You do know that yes?  Clicks.  Ads.  Links.  Money.

By example: CBS Evening News content:

  • 16 minutes of commercials, and
  • 14 minutes of "news"

“Future Money”

So, how many times do we need to hear the "OMG, we might have a government shutdown crisis" call before we know it's all fake? 

It's a gimmick, folks, an attention-getter; just another fear-mongering reprise to separate you from investment reality.

And what about that “future money” you don’t see; the likely value of your capital had you never reacted to all those emotional media jibes?

Boy, were they expensive. 

Mirror, Mirror…

Identify your biggest enemy in wealth-building.

HINT: The answer is staring back at you every morning when you brush your teeth.

Yes indeed, there will be a correction.  No doubt about it.  It’s gonna happen and it’s gonna hurt for a little while. And it will erase some value temporarily, as well as make you mad at everyone on your financial team in the interim.

It will unfold from some strange extreme that no one recognised in the windshield but looks plain as day in the rear view mirror.

When it does, maybe we’ll be at Dow Jones 55,000 when there’s a sudden drop of 14,850 points…all in one trading session.

And then when the Dow settles back in at 40,150 (after the one-day crash of nearly 30%) no one on Earth will want to touch the stock market again. 

Sound familiar?

No one will see it coming, but I can tell you for certain that after 12 verses of the same old government funding song, the reason for the next market correction will not be the threat of a shutdown.