|Michael Lombardi Predictions
Summary of Critical Warning Number Six
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February 28, 2012: Last week one of my long-term subscribers (since the beginning in 1998) sent me this review of a video called "Michael Lombardi's Critical Warning Number Six." The link to it no longer works.... it seems to have been a promotion for pay from a website that is now expired. I found the video elsewhere and give a link to it and my own comments here.
"This advertisement has been sent from StockResearchNewsletter.com to our Members on behalf of a third-party advertiser."Here is the highlight of the printed text to attract new subscribers:
Dear Reader:(Kirk's Note: I calculate that works out to by the end of August 2012)
It will touch Americans harder and deeper than anything else we've seen since the Great Depression. Michael Lombardi feels so strongly about this, he's decided to present his "Critical Warning Number Six" in a new video. (FEAR SELLS! The video tries to scare you into buying a $300 investment product.)
I found the video on his own website here.
Update August 3, 2012: Today we were asked by firstname.lastname@example.org to remove the active link to the videoThis is my subscriber's February 2012 review of the video.
I watched Lombardi's video and what he says makes a lot of sense playing on major investor fears. Here is his basic premise:
His video says the market will go to its March 2009 lows in the next two months (the DOW is currently at 13,000) and he has a "secret stock" to buy that will go up about 5 times if the market goes down as he predicts in the next two months.
Update August 3, 2012: This shows what the DOW has done since the the start of 2009. Obviously, today the DOW is higher. Is that why they asked me today to remove the link to their web site video that no longer works?It sounds like Lombardi has been in Gold since 2002 which has been a great investment but the run of gold from $250 to nearly $2,000 per ounce ($1,917.90) might already price in this "news." See my chart:
"I prefer SPY for the S&P 500, over DIA because it is more diversified. I agree with Bill Gates that stocks offer tremendous value now. It doesn't mean they won't go lower and give even better value in the short term, but long term I expect they will outperform gold and bonds."
Maybe Michael Lombardi is right but just has his timing off.... To be honest, I don't like it when people
use fear and greed to sell products. I
prefer boring investment strategies where the only
excitement is in the "explore portfolio." If
Lombardi is right, then you can save the cost of
his newsletter and buy gold via its EFT GLD
and short SPY,
the ETFs for the S&P500. If the market
drops to March 2009 lows as Lombardi predicts,
then you will double your money on your SPY short
in 2 months! (Again, I own no gold in my investment portfolios as of February 28, 2012 and only hold a tiny amount of gold as jewelry and coins. I think Michael Lombardi is wrong and I recommend the stocks and mutual funds in my newsletter portfolios.)
For more information, see "Kirk's Two Investment Letters - Which is Best for You?"
I used the gains in my own stock portfolio these past years to "semi retire" in 1998 as I invested time to build up my online income from free articles, commissions for some products I recommend and selling newsletters. You can read about my success in this May 9, 2007 Los Altos Town Crier Newspaper Article (online version & pdf version.)
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Disclaimer: The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2012 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc.