by Michael Carr | Feb 21, 2020 | Investment Opportunities
To know what everyone knows is to know nothing. An old floor trader told me that many years ago. He said it helped him avoid getting caught in manias. Those words reminded him to keep an open mind. And that helped him make money. In the markets, everyone knows the...
by Michael Carr | Feb 12, 2020 | Investment Opportunities, Oil, Smart Profits Daily
After almost 11 years of a bull market, most stocks are overvalued. Yet most investors continue to pile into stocks, unaware that they’re paying way too much. That’s a mistake. After all, inflated stocks simply can’t stay that way forever. But there’s one deeply hated...
by Michael Carr | Feb 10, 2020 | Investment Opportunities
The Baltic Dry Index is crashing and that should be cause for alarm. But few traders flow this index, so the crash is largely being ignored outside the shipping industry. An Important Index for Global Investors Even if you only invest in the U. S. stock market, you...
by Michael Carr | Jan 31, 2020 | Investment Opportunities
After spending 30 years in the financial markets, I’ve learned that there are no guarantees except this one: As the Super Bowl approaches, the financial media will frequently mention “the Super Bowl indicator.” I’m mentioning it too, but I’m doing something different....
by Michael Carr | Jan 29, 2020 | Investment Opportunities, U.S. Economy
Crude oil production in the U. S. soared over the past ten years because of hydraulic fracturing, an extraction method that is more commonly called fracking. Technology Creates a Boom Fracking is the process of drilling down into the earth before a high-pressure water...
by Michael Carr | Jan 28, 2020 | Investment Opportunities, U.S. Economy
Price charts can be useful because they show emotions, or what the economist John Maynard Keynes called animal spirits. [1] Keynes defined animal spirits as “a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of...
