Coronavirus excuse masks nascent bear market Ep. 530

Published: Feb. 1, 2020, 1:02 a.m.

b'\\u201cSo goes January, so goes the year.\\u201d If the old adage is true, this could mean the longest bull market in history is coming to an end. And from a political perspective, it couldn\\u2019t come at a worse time.
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\\nAnother adage in investing is \\u201cbuy the rumor sell the fact.\\u201d I mentioned in a recent podcast that investors would soon be selling the facts behind Trump\\u2019s trade deal. Well, it didn\\u2019t take very long for the markets to find a reason to sell.
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\\nThe markets were clobbered today and contrary to what the media says, the coronavirus is not the reason. It\\u2019s just an excuse and if they didn\\u2019t have the coronavirus, they\\u2019d find something else to blame. A lot of the stocks going down are retailers and have nothing to do with coronavirus. If the coronavirus passes and this slump in the market doesn\\u2019t, reasons for optimism will start fade fast.
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\\n2019 numbers show only 2.3% GDP growth. Could 3 rate cuts and a return to QE possibly be the reason?
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\\nJoe Biden gave Bernie Sanders a bone by claiming he\\u2019s not a real Democrat. Voters are sick of party insiders and this will backfire on Biden the way it did on the Republican candidates when they accused Trump of not being a real Republican.
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\\nNobody would invent keto ice cream in a Socialist economy.
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\\nGold stocks continue to be undervalued. This is a gift horse and you don\\u2019t want to look it in the mouth.
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\\nGold is up again. If gold is this strong with the headwind of a strengthening dollar, just imagine the strength it will have with the tailwind of a falling dollar.\\n\\nOur Sponsors:\\n* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/ \\n\\nPrivacy & Opt-Out: https://redcircle.com/privacy'