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MAY 6: WEIRD–STOCKS FLAT ON BAD JOBS REPORT. WE STILL EXPECT 5-10% CORRECTION

strong>May 2, 2016

A new Rasmussen Reports national telephone survey of Likely U.S. Voters finds Trump with 41% support to Clinton’s 39%. Fifteen percent (15%) prefer some other candidate, and five percent (5%) are undecided. (To see survey question wording, click here.)

This is the first time Trump has led the matchup since last October. Clinton held a 41% to 36% advantage in early March

(New Readers:  This blog is designed for retirees who are seeking ‘safe’ income:  and more younger investors who want some conservative income generating investments.)

(Update:  We are watching the etf SH to possibly go short the market)

The stock market keeps indicating it wants to turn over and head down.  Our advice for months is to have sell limit orders in place just in case this thing crashes.

But ……we really don’t care what the stock market does as our holdings are primarily bond type positions, cash and gold.  Some of our recent additions have been doing VERY well.

There are many investments that we WANT to buy but the prices are just too high.  Remember the big market movers will do everything in their power to keep this market higher which helps get Hillary elected.  They want her to win.

We still have an order in place to buy PGX at $14.70 but its in no hurry to head down to that price.

From shtfplan.com

According to John Williams of Shadow Stats, if we were to calculate unemployment using the same metrics as we did during the 1930’s, or even the 1980’s, we’d already be in Great Depression territory. Williams, who utilizes a reporting methodology that accounts for “long-term discouraged workers who were defined out of official existence in 1994,” notes that the real unemployment rate is rapidly approaching 25%.

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Probably the smartest guy out there concerning financial markets:

Geofrey Gundlach, CEO of the investment firm DoubleLine, expects central bankers to capitulate on negative interest rates and is bearish on US stocks.

In the global financial markets the bulls have taken over once again. In the United States, stocks are even flirting with a new record high. Nevertheless, Jeff Gundlach doesn’t trust this recovery and expects a severe setback. «The riskiest things are now stocks and other investments perceived to be safe», says the CEO of the Los Angeles based investment firm DoubleLine. The star investor, who is celebrated on Wall Street as the new bond king, is surprised that nobody seems to care anymore about the worldwide growing mountain of debt. Especially in the junk bond market, he sees a massive wave of defaults on the horizon. Mr. Gundlach likes gold and thinks the Federal Reserve has given up on its plans to normalize interest rates. Next, he expects central bankers elsewhere to capitulate on negative interest rate policies.

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From shtfplan.com.  Do the stupid idiotic morons in government really think companies can afford high minimum wages…….the bad side effects of $15.00 / hour:

The future of fast food service will involve much less human interaction.

Instead, humans will line up like rats to pellet dispenser, and computer screens will take orders, as the classic menial, entry-level job will gradually disappear along with many other jobs in the workforce.

Former McDonald’s CEO Ed Rensi, who headed the company during the 90s, blasted the push for a $15 minimum wage, which he argued, food companies won’t pay – they just won’t pay it.

And jobs will suffer because of it.

The company will admitted choose to cut jobs altogether, and phase in automated kiosks, rather than pay more in minimum wage. (Perhaps that was their plan all along, and the $15/hour minimum wage controversy is the perfect excuse to put it into action.)

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GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

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