• [stock-market-ticker symbols="AAPL;MSFT;GOOG;HPQ;^SPX;^DJI;LSE:BAG" stockExchange="NYSENasdaq" width"100%" palette="financial-light"]

    Move Along Now, This Is The Correction You've Been Waiting For

    January 27, 2020
    No Comments
    A solemn crowd gathers outside the Stock Exchange after the crash. 1929

    There is an old saying on Wall Street -- make sure you choose an advisor who's been through a few corrections.

    This is wise advice.

    The markets are leading indicators for future activity; however, they can't go one way forever. This is the correction you've been waiting for, a black swan that came out of nowhere, like they usually do.

    This is healthy, very healthy.

    The markets have been telling us that the Trump economy will keep roaring, that American trade policy has been rationalized for the better, that American power has been recovered economically and militarily, that more tax cuts are coming, that deregulation will continue. In short, the fundamentals for the economy are strong.

    So, my point is, nothing has changed fundamentally for the economic long-run. Trump won't be thrown out of office, and Epstein didn't kill himself. The Durham Mack truck is still coming for the traitors in our midst. There will be a second term.

    In short, the future looks bright.

    But what about the virus you say? I am not a doctor but I have spoken to many recently. They say the threat is serious but manageable. Supportive care in the West is much better than in China. People will get sick but there have been no deaths in America...yet.

    We could be on the verge of another Black Death, but I think not.

    I think this a good-ole, garden variety, very healthy correction.

    Talk to your financial advisor first (one that has been through a few corrections) for your own investment advice, but I'm positive and I think this is an opportunity to pick up those positions you've long been wanting to own at a better price.

    This is not investment advice; talk to your advisor before making any decisions for your portfolio.



    L Todd Wood

    L Todd Wood, a graduate of the U.S. Air Force Academy, flew special operations helicopters supporting SEAL Team 6, Delta Force and others. After leaving the military, he pursued his other passion, finance, spending 18 years on Wall Street trading emerging market debt, and later, writing. The first of his many thrillers is "Currency." Todd has been a national security columnist for The Washington Times and contributed to One American News, Fox Business, Newsmax TV, Moscow Times, Novaya Vremya (Ukraine), the New York Post, National Review, the Jerusalem Post, Zero Hedge and others. He is also founder/publisher of CDM. For more information about L. Todd Wood, visit LToddWood.com.
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