TODAY’S INVESTMENT ADVICE ,
by Murray Soupcoff
Phew … after what seemed like a world-wide stock-market implosion that wasn’t going to end, finally a relief rally in the last couple of days!
However, that’s not to ignore the fact that between last Thursday and Monday, the Dow Jones Industrials dove nearly 1,500 points (almost as fast as Hillary Clinton’s approval ratings after a chronic “drip, drip” of revelations of her server violations -- so bad that she might soon have to order several years’ worth of new striped 'pant suits' for her stay in her new “big house”)!
1500 points is a lot of territory to cover in such a huge descent, in such a relatively brief period of time – almost as fast as it took The Donald to alienate the entire Hispanic community in the United States with his “frank” talk on illegal immigration!
But is this market drop sufficient to indicate that perhaps the worst may be over, and this MIGHT be a good opportunity to start metaphoricallly dipping your toes in the “buying stocks again” waters?
A study of previous historical market meltdowns suggests the time might just have come:
(1) In particular, a plethora of market breadth indicators are metaphorically screaming “oversold!”
For example, the depressing percent of stocks listed on the NYSE -- which are trading above their 50-day moving average – aligns with with major stock market lows over the past five years.
Because what goes up so high & relatively quickly, inevitably imitates Icarus --flaming out and dropping even further and more quickly.
But what happens when you submerge an inflated beach ball under water as long as you can? It pops up with a vengeance – almost hitting you in the face.
And that’s what happened in the stock meltdown of 2011 in America: After a few months of what traders call “dead cat” bounces (trying to catch them is like trying to catch a falling knife – there’s usually a bloody aftermath), the S&P finally climbed the proverbial market “wall of worry” and rose over 31 points higher in a time period of approximately six months.
And when historical market lows in occurred in 2012, 2013 and even in autumn 2014, U.S. stocks ultimately soared higher.
But the recent market fall is the champ – the biggest drop since 2009.
So if the past ultimately becomes today’s new reality, a rebound is probably around the corner (in my opinion anyway).
So if you’re willing to be patient -- and hold onto any stocks you purchase for at least two years (while you collect the dividends) – then (in my opinion) it’s time to start “accumulating” – slowly buying -- cash-rich, debt-free "dividend" stocks (stocks that pay a 'sustainable" annual dividend) each time the market dips.
I’m off on a brief weekend cottage vacation tomorrow (Friday August 28th).
But when I get back next week I hope to provide you with a list of “recommended by Soupcoff” dividend stocks to buy during periodic market dips in the immediate future.
OOPS! STATE DEPT. RELEASED HILLARY E-MAILS WITH CLASSIFIED INFO FROM THREE DIFFERENT AGENCIES
-- None Of Which They Had The Authority To De-Classify
By Dan Calabrese
I’ve never had a very high regard for the State Department, seek mostly due to its tendency - regardless of who is president - to treat every issue that comes up as merely an imperative to spew diplomatic platitudes and do little else. It never occurred to me that the State Department was bereft with complete incompetence at every turn, sale but upon further reflection it explains a lot.
And that certainly appears to be the case, medicine as evidence by the clumsy joint effort of the John Kerry-led State Department and the Hillary for President campaign to cover up Hillary’s obvious use of her private e-mail server to illegally trade in classified material. The latest stumble sees State publicly releasing information that was and still is classified, and that State had no authority to de-classify and release because, according to Obama’s own rules via executive order, nothing can be de-classified by anyone except the agency that classified it in the first place.
Oh well! The Chinese and the Russians probably saw it anyway via hacks on Hillary’s slipshod toilet cupboard server, so what difference does it make that now everyone knows about this?
One of the two emails that sparked the FBI probe was an April 2011 email from Clinton confidant Huma Abedin that, Fox News has learned, contained intelligence from the Defense Intelligence Agency (DIA), the National Security Agency (NSA), and the National Geospatial-Intelligence Agency (NGA), which oversees aerial imagery, including satellites.
Despite this fact and despite the executive order, the State Department publicly released the email and its intelligence—which was not theirs to declassify—onto its website in May as part of the initial release of documents on the 2012 Benghazi attack.
Fox News is told that in late spring, all three agencies confirmed to the intelligence community inspector general that the intelligence was classified when it was sent four years ago by Abedin to Clinton’s private account, and remains classified to this day.
Clinton’s campaign and the State Department have maintained that the email was not classified and have framed the issue as a difference of opinion.
“What you’re seeing now is a disagreement between agencies saying, ‘You know what, they should’ve.’ And the other saying, ‘No they shouldn’t.’ That has nothing to do with me,” Clinton told reporters last week.
The State Department spokesman also said last Wednesday they are seeking a second opinion on the classification of some emails from the Office of the Director of National Intelligence, who leads the intelligence community.
And over at the Washington Examiner, Sarah Westwood dug more deeply into some of the released e-mails and found just how sensitive some of the information was that Hillary, Huma Abedin and Cheryl Mills were tossing around like a Frisbee:
Despite her campaign’s claims that Clinton was simply a “passive recipient” of classified information, a review of her emails indicates she wrote messages that are now classified.
For example, in July 2009, she discussed relations with Russia and Afghanistan with then-Deputy Secretary William Burns in an email that has been partially classified. She also discussed her travel plans with Burns over the private network.
Other classified conversations involved one of Clinton’s present Democratic challengers for president: then-Sen. Jim Webb.
As Webb traveled through southeast Asia in August 2009, Clinton and Sullivan sent each other a series of emails that are now classified before deciding they should contact the Virginia senator at Clinton’s request.
Another chain indicates Mills forwarded to Clinton’s private address a classified summary of Webb’s meeting with Aung San Suu Kyi, an opposition leader in Burma.
Some emails indicate foreign leaders may have been aware of the private email system Clinton had established.
In November 2009, an aide to David Miliband, Clinton’s British counterpart, sent from his “home account” a classified note from Miliband to Abedin in the hopes of it reaching Clinton’s eyes only.
Abedin later passed the note to Clinton and indicated it was information Miliband “doesn’t want to send through the system.”
The Hillary people are trying to say the classified markings are a matter of opinion among squabbling internal bureaucrats. They’re not. When an agency marks a piece of information classified, it’s classified. That’s not a matter of debate. And contrary to what her campaign is trying to imply, there is no appeal process by which you can go back to someone and ask for that classification marking to be undone as if it never happened.
Let’s make sure we’re clear on a couple things here.
First, Hillary clearly and obviously LIED when she claimed she never sent nor received classified material on her non-secure homebrew server. That isn’t even up for debate anymore, and no one but the most shameless Hillary shill could try to claim it is at this point.
Second, this is not just a matter of internal technicalities, which is the Hillary basis for thinking the public doesn’t and shouldn’t care about this:
She was blatantly putting very sensitive information, at risk of exposure, because she didn’t want to use the official e-mail system.
And the reason for that is that she didn’t want anything she was doing subject to public review via congressional subpoena or the Freedom of Information Act.
That was a great plan. Not only did she jeopardize classified information, but she utterly failed in her attempt to hide her own activities, which are now on display for everyone - with a big assist from her old department and her successor, who is every bit as clueless and inept as she is.
Tell me again the rationale for why this woman should be our next president? I would seriously be fascinated to hear anyone try to offer one.
BIOGRAPHICAL BACKGROUNDER ON DAN CALABRESE:
Dan Calabrese’s column is distributed by CainTV, which can be found at caintv.com
A new edition of Dan’s book “Powers and Principalities” is now available in hard copy and e-book editions. Follow all of Dan’s work, including his series of Christian spiritual warfare novels, by liking his page on Facebook.