Hello everyone,
Welcome to October – sometimes an interesting time for the market. Will this year be any different?
The title of John’s Monday newsletter is: Bet the Ranch Time is Approaching.
September delivered the Mad Hedge Fund Trader a 9.72% return.
The market was down 9.7%.
John’s average annualized return has ratcheted up to +45.45%.
In May of 2020, 34 of John’s clients became millionaires through buying TESLA at precisely the right time…
Go to MADHEDGERADIO.com and download John’s “Tesla takes over the world” free report. www.madhedgeradio.com
Many people have contacted John about Paul Tudor Jones’ comments that the Dow Average would show a zero return for the next decade.
For that to happen all technological innovation would have to cease for the next decade. John is situated in Silicon Valley, so he can see how fast technology is accelerating. He points out that Apple just brought out a satellite phone with its iPhone 14 pro for a $100 upgrade.
Tudor Jones has been bearish for the last five years.
So, where is the final low in this market?
John believes it is between $3,000-$3,300.
John says you can buy 15-20% deep in the money vertical bull call spreads RIGHT HERE and make a killing.
I quote from John’s Monday newsletter:
After easing for too long, then tightening for too long, what does the Fed do next? It eases for too long…again. You definitely want to be long stocks when that happens, which will probably start sometime next year.
What’s happening this week?
The nonfarm Payroll Report for September is released on Friday.
John gives an interesting recount of his visit to Kelly Johnson from Lockheed Aircraft (LMT). In 1982, when John was working in the New York bureau for The Economist, he was asked to fly to Los Angeles to interview Johnson. John had U.S. top-secret clearance, so he was perfect for the job.
The interview was never published. The National Security Agency was horrified by what Johnson had told John. Age had interfered with Johnson’s memory – he couldn’t remember what was declassified and what was still secret. MI-6 showed up at The Economist office in London and seized all papers related to the interview. John’s editor, in London, Andrew Knight, was very amused.
If you would like to read the full story, please let me know.
For those following Bitcoin, downside risks persist. We are looking for around $12,000.
That’s your lot for now.
Have a wonderful and prosperous week.
Be well.
Cheers,
Jacque
Life isn’t about finding yourself. Life is about creating yourself.
-- George Bernard Shaw
