| Dear Reader, We’re in dangerous territory. 9.1% inflation is evidence we’re in Recessionland. And while it’s bad, the confident “recession play” is to buy bonds and gold. Except this time, it’s not working. What was once safe is now dangerous. Click here to learn how dangerous things REALLY are in this time-sensitive Fed Policy Announcement “HIKE IT AND LIKE IT.” Quick story: Back in 2010, I was working with my mom on her retirement accounts. I pushed her into putting ALL of her retirement in stocks—stocks with high dividends. Her financial advisor fought us all the way. He couldn’t understand why a 65-year-old should have 100% in equities. I told him the yields in the bond market didn’t justify the risk. I hit a home run. Six years later, she found herself sitting on a pile of profits. But over time, the stocks she invested in became overvalued. I told her the “safe” stocks had become dangerous… Her financial advisor fought us all the way. AGAIN. The broker said, "Why do you want to move into these risky funds when you are already invested in these safe stocks?" The broker had a very incomplete understanding of what was going on in the stock market. The stocks had P/Es of 20–30 with declining top-line sales. My mom’s financial advisor didn’t understand that the stock market has basically been turned on its head. What’s safe is dangerous. What’s dangerous is safe. This is why I trade sentiment. And now, the stock market has turned dangerously on its head again. Rode hard and put up wet. And just when we thought things couldn't get any worse… They get worse. Everything’s dangerous right now. So here’s the plan: I explain what I and a close-knit group of my readers are trading right now. I break it all down in an important announcement I wrote exclusively for 10th Man readers. Click here to read the critical announcement. It’s a short read. And probably the most important thing I’ve ever written to you. Click here and read my Fed Policy Special Announcement: “HIKE IT AND LIKE IT.”
Jared Dillian
Editor, The 10th Man
Mauldin Economics
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