The Weekly Briefing has been posted to the "newsletter" portion of the website. We have extended the free service until September 1st. The Dynamic Growth Newsletter will be a paid service with a one year subscription price of $129.00. To access the newsletter, simply click on the "Subscribe Now" tab, establish a username and password, and you'll have full access to the newsletter and portfolio. This free trial is scheduled to end September 1st.
The summer is a busy time for most, so we have extended the free service until September 1st. There is a lot of behind the scene work that goes into a financial newsletter. I want to make sure that all of the pieces are in place before offering a paid service to investors.
As far as the financial markets are concerned, it's more of the same. You know the drill, private equity and hedge funds continue to rule the roost. But...for how much longer?
The financial shysters on TV want us to believe what we are seeing in the financial markets is perfectly normal. Since I believe that most Bull Markets are built on falling bond yields, rising profits, stable or falling energy prices, a strong housing market, and increased consumer spending, I do not believe a word of what they are saying.
We keep hearing "market experts" tell us that stocks are still cheap. If they are basing their opinions on a continuation of double digit earnings growth, I might agree.
Since I do not drive my car backwards on the highway (looking through the rear view mirror), the cheap market arguement doesn't make much sense. In the rear view mirror (or looking back), the S&P had 19 consecutive quarters of double digit earnings growth. Going forward, earnings growth is now in the single digits. How can lower earnings make stocks cheaper?
With the consumer in trouble (credit card debt of $2.44 trillion, slowing retail sales, foreclosures mounting, housing market collapsing), I don't see any way that the stock market can be defined as cheap.

