Of Geniuses and Dummies: Navigating Through Tough Times in the Market | Editor’s Note: On Tuesday, December 12, at 7 p.m. Eastern time, Eric Fry, Luke Lango and I are gathering for a special event – the Early Warning Summit 2024 – to give you their investing game plan for 2024. It’s a strategy that could outperform the market by 5X or more next year, no matter what happens. Sign up and reserve your spot for the event here.
Ahead of the event, I wanted to share a great article by Eric, where he discusses the market’s performance over the past few years. You can check it out below. | | | Eric Fry here.
According to an old Wall Street expression, “Everyone’s a genius during a bull market.”
The obvious corollary is that everyone’s a dummy during a bear market… except maybe for a few dedicated short sellers.
During the last couple of years, we investors have spent a lot more time feeling like dummies than geniuses. That’s because the stock market has been providing more opportunities to lose money than to make it.
The chart below tells the tale. Only one of the 11 sectors that make up the S&P 500 index has produced a gain since the end of 2021.  Even the high-profile names that have produced heroic performances this year are showing losses over the last two years. For example, as of this writing, Alphabet Inc. (GOOGL) is up 54% year-to-date but down 6% since the end of 2021. Similarly, Amazon.com Inc. (AMZN) is up 74% this year but down 12% since year-end 2021. Within the universe of small- and mid-cap names, the stock market has been even less hospitable. The Russell 2000 and S&P SmallCap 600 indexes have both slumped more than 20% since the end of 2021.
In market environments like these, investing is no walk in the park… it is more like a walk in a minefield. No matter how many successful steps you might take, you’re bound to take a costly step at some point.
Although there have been some winners since 2021, the stock market has been distributing more pain than gain.
But as we look ahead to 2024, I expect more gains than pain. In fact, I think there’s opportunity to outperform the major indices next year… it’s just a matter of using the right investing playbook. So, on December 12, at 7 p.m. Eastern time, I will be sitting down with Louis Navellier and Luke Lango for a special Early Warning Summit 2024, where we’ll lay out our investing playbook for the New Year. (Click here to sign up for the event.) It’s a unique approach, but it gave a small group of our fellow readers the chance to beat the Dow Jones Industrial Average by as much as nine times in 2020 during the COVID-induced economic downturn.
It’s going to be a very informative event, because in addition to talking about our 2024 investing playbook, we’ll also...
- Alert you to where the markets are heading in 2024.
- Tell you where you should – and where you shouldn’t – invest your money in the coming year.
- And share three FREE stock recommendations.
And much, much more…
Reserve your spot today so you don’t miss out on what we have to say.
We’ll see you soon.
Regards, |
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