by Ian King | May 1, 2020 | 2020 Financial Crisis, Smart Profits Daily, U.S. Economy
I learned to trade in the aftermath of the dot-com collapse. It was one of the most brutal bear markets in history. The Nasdaq Composite Index dropped 78% over two years from its peak in 2000. Many traders lost their livelihood, while most investors lost their...
by Ian King | Apr 17, 2020 | 2020 Financial Crisis, Smart Profits Daily, U.S. Economy
The world is at war. This time it’s not between other countries. This battle is between nations and an invisible virus. It’s not “World War 3.” It’s “World War V.” In the United States, 95% of Americans are under stay-at-home orders. Businesses are closed, and the...
by Ian King | Apr 3, 2020 | 2020 Financial Crisis, Smart Profits Daily, U.S. Economy
We’re living in truly unprecedented times. The coronavirus tipped off the sharpest stock sell-off since the Great Depression. At one point, stocks were down 35% from their February highs. The economy is also suffering the biggest shock in history. The number of...
by Ian King | Mar 27, 2020 | 2020 Financial Crisis, Smart Profits Daily, U.S. Economy
A few years ago, I spent a late summer week on the Maine coastline at Acadia National Park. One day after a 1,530-foot hike up and down Cadillac Mountain, I found a secluded beach nestled into the side of the hill. When I entered the beach area, a chalkboard sign...
by Ian King | Mar 13, 2020 | 2020 Financial Crisis, Coronavirus, Smart Profits Daily, U.S. Economy
Tuesday marked the 11th anniversary of the March 10, 2009, bottom in the stock market. This date is often referred to as the “Haines Bottom” after the late, great CNBC host called an end to the selling. I’m going to step out on a limb here. … I think we’re at a...
