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WE’RE TALKING INVESTING AND USING BIG DATA. THERE IS PLENTY OF INFORMATION OUT THERE FOR YOU. WE TALKED ABOUT THE ISM REPORT IN ANOTHER SEGMENT. THE ISM REPORT IS FREE AT I-S-M DOT W-S. BUT YOU SHOULD READ OTHER REPORTS – LIKE THE JOBS REPORT. WE’RE TALKING WITH MICHAEL CARR OF PEAK PROFITS REPORT DOT-COM. AND HE SAYS IF YOU EXAMINE THE JOBS REPORT – AND NOT LISTEN TO THE MEDIA REPORTS – YOU MIGHT FIND A JOB OR AT LEAST MAKE YOUR JOB SEARCH MORE EFFICIENT.
“I would say read those reports. Don’t take for granted what the news article says. Read jobs report. See trends where you are more likely to get a job. What everyone is saying does drive the stock market.”
IRONICALLY I HEAR THE SAME ADVICE FROM MY INTEL SOURCES. THEY SAY READ AND WATCH EVEN THE EXTREMIST POINT OF VIEW – NOT TO AGREE WITH THEM – BUT TO SEE WHAT THE DIFFERENT OPINIONS AND IDEAS ARE THAT COULD AFFECT YOU. MIKE CARR HAS A GREAT STORY – YOU WILL HEAR IN A MOMENT – ABOUT USING DATA CORRECTLY WHILE HE WAS IN THE MILITARY ON THE NORTH AND SOUTH KOREA BORDER. WE GOT TO THAT STORY WHEN I ASKED HIM ABOUT WHAT NEWS ORGANIZATIONS HE THINKS WE SHOULD PAY MORE ATTENTION TO.
“What I would recommend if you’re an investor you have to read Bloomberg. Reports are long but important to read what Bloomberg thinks. Investors.com and MoneyNews.com employ factcheckers. Different spin to the news but the numbers are accurate. His experience in North Korea explains how group think can cause problems. Look at the data and understand what happened. China slowdown based on concrete. You can interpret events in a different way.”
SO HOW DO YOU INVEST IN THIS FAST-PACED TECH DRIVEN ECONOMY? I POSED THAT TO MICAEL CARR, THE EDITOR OF PEAK PROFITS – AT PEAK PROFITS REPORT DOT-COM. MIKE’S STORY IS A GREAT ONE. HE WAS AN AIR FORCE CAPTAIN WHO OVERSAW THE NUCLEAR MISSILE FACILITIES AT THE U.S. STRATEGIC AIR COMMAND WHICH LED HIM TO DEVELOP PATTERN-RECOGNITION QUANT TRADING SYSTEMS THAT HE USES TO THIS DAY. HE SAYS LOOKING AHEAD WITH STOCK INVESTING TAKES NEW STRATEGIES.
33:34-36:40 “I think it is impossible to look ahead 10 to 20 years."
SO I ASKED MIKE IF WE KNOW THE OVERALL STOCK MARKET WILL RISE BUT WE DON’T KNOW WHICH INDIVIDUAL STOCKS WILL BE WINNERS – WHAT DOES HE SUGGEST?
“I think the difference now is we need to factor in risk management due to 2 bear markets. Diversification. Treasury bonds only pay 2% to protect wealth. Use options to generate income. Alternative investments like REITS. Reality is these are the companies that prospered in 2008.”
SO WHERE DO WE TURN IF WE DON’T HAVE A DAY TRADING LURKING INSIDE US?
DISCLOSURE HERE: MIKE AND I DID AN ONLINE WEBINAR ABOUT HIS PEAK PROFITS PROJECT FOR NEWSMAX WHICH IS STILL UP AND RUNNING. MORE TO COME WITH MIKE CARR ON A POSSIBLE INVESTOR PANIC CAUSED BY – YOU GUESSED IT – THE MEDIA.
THAT’S INFORMED NOT INFLAMED.
RECENTLY THE EUROPEAN CENTRAL BANK DROPPED ITS LENDING RATE SO IT IS ACTUALLY A NEGATIVE LENDING RATE. WHAT DOES THAT MEAN? AND WHAT EFFECT, IF ANY, WILL IT HAVE ON THE EUROPEAN ECONOMY AND US HERE IN THE U-S. I ASKED MICHAEL CARR – OF THE PEAK PROFITS DOT-COM – TO EXPLAIN IT. HE GETS INTO THE PROBLEMS WITH THE REGULATION ON BANKS AND ITS CONTRADICTORY EFFECT ON THE FUTURE ECONOMY.
MIKE AND I WORKED WITH NEWSMAX DOT-COM TO PRODUCE AN ONLINE WEBINAR ON HIS PEAK PROFITS INVESTING SYSTEM WHICH USES HIS PATTERN RECOGNITION QUANT TRADING SYSTEM. AS WE CONTINUE OUR CONVERSATION, MIKE THINKS THE BIG BANKS HAVE BEEN PUNISHED TOO MUCH FOR THE FINANCIAL CRISIS.
SO I ASKED MIKE IF HE WOULD HAVE PREFERRED THE TARP MONEY WENT DIRECTLY TO HOME-OWNERS AND NOT THE BANKS TO GET INTO THE ECONOMY QUICKER. HE SAYS NO.
I HAVE A LITTLE DIFFERENT TAKE ON THAT LAST POINT. GRANTED, MANY HOME-OWNERS ARE NOT INNOCENT IN THE FINANCIAL MESS. STILL, MOST CITIZENS AND CONSUMERS WERE AT THE MERCY OF A FINANCIAL INDUSTRY THAT WAS CREATING COMPLEX INSTRUMENTS THAT WERE NOT BEING DISCLOSED AND NO ONE – NOT EVEN THE C-E-O’S OF THESE BIG BANKS – UNDERSTOOD. PLUS, THE BANKS HAVE HUGE AMOUNTS OF MONEY TO LOBBY AND PAY OFF POLITICIANS. HOWEVER, THAT SHOULD NOT BE AN EXCUSE FOR A SOCIETY THAT IS SO UN-INFORMED. STILL, WE HAVE CREATED A SYSTEM WHERE WE NEED THESE BANKS. MAYBE WE NEED A LITTLE CREATIVE DESTRUCTION ON THE BANKING SYSTEM TOO. BUT THAT COULD BE A BIG RISK. FEEL FREE TO GIVE ME YOUR THOUGHTS.
MORE WITH MIKE CARR IN MY NEXT SEGMENT. STAY INFORMED NOT INFLAMED.
WE’RE TALKING MEDIA BIAS AND THE EFFECT THE MEDIA HAS ON THE ECONOMY. WE SAW IT LAST WEEK. THE INSTITUTE FOR SUPPLY MANAGEMENT ISSUED AN INCORRECT REPORT ON MANUFACTURING AND THE ECONOMY. THEY REVISED IT HOURS LATER TO REFLECT A MORE POSITIVE OUTLOOK. I GOT MICHAEL CARR’S TAKE ON THAT. HE IS THE EDITOR AT PEAK PROFITS DOT-COM. AND I ASKED HIM IF THIS WAS AN HONEST MISTAKE.
“Not this was an honest mistake. Reports with a great work of fiction. They do a seasonal adjustment to the results. All of a sudden economy grew. We don’t know what the report said. We can watch revisions come in. Right now we’re seeing revisions slowing down. We are turning point and see unemployment rise in the coming months. We have bigger population than at start of the recession. Unemployment rate is meaningless. Fewer people supporting the population. We only get what the reporter feels we need to hear about.”
JD 4:34-4:47: WE’RE TALKING WITH MICHAEL CARR, A FREQUENT CONTRIBUTOR TO MONEY NEWS DOT-COM. TO TAKE THIS FURTHER ABOUT THE EFFECT OF MEDIA BIAS ON THE MARKETS, HE HAS LOOKED AT THE EFFECT OF THE JOBS REPORT ON THE MARKETS.
21:56-22:35 “I did. On the day of the jobs report … more volatile. Significant for short term traders. Can take advantage of that. Expect an upward bias in the market that day.”
JD: 4:53-5:29 HOWEVER, MIKE WARNS YOU SHOULD NOT BE TRADING STOCKS ON THIS INFO UNLESS YOU ARE AN EXPERIENCED DAY TRADER WITH LOTS OF TECHNOLOGY TO COMPETE WITH THE BIG TRADING FIRMS. AND THIS IS PART OF WHAT MIKE OFFERS WITH HIS PEAK PROFITS REPORT -- TRADING SYSTEM.
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