MARKET BRIEFING
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And despite the many taxes, regulations, and other restrictions placed on the free market in our country, we continue to have the most dynamic and astounding economy in the world. And this is why, Amy, I’ve NEVER recommended people go out and sell all their stocks. And I still don’t recommend anyone reading sell their stocks today. That’s despite some big threats in the market today that realistically could create a 50% drop or more in stocks... Like the massive underwater bond portfolio banks across the country are sitting on...
safer vehicle to protect and grow the value of your savings over time. And you don’t have to take my word for it... Since 2009, foreign holdings of U.S. stocks have
DOUBLED... In other words, the international community has poured money into
our stock market for two reasons... First, because property rights in our country are safer than virtually any other country in the world... And secondly, because American companies have historically been the greatest compounders of wealth in the world. That remains the case today. In short – there is no alternative to owning U.S. stocks, no matter how you slice it. And while I do believe further bailouts will accelerate the demise of the dollar, stocks are still going to continue to rise because they will hold their purchasing power as the dollar declines. Not to mention the real chance that Jerome Powell lowers interest rates this year, which could send the market into an even crazier melt-up scenario than we’ve seen already. AMY: Are you saying that you think the market is going to continue to rise from here? PORTER: What I’m saying, Amy, is that the game is rigged to send the market higher over time. So while banks should have been forced to mark down their assets in 2008, they were bailed out. While interest rates shouldn’t have been kept at artificially low rates for more than a decade, they were suppressed... And while the global economy should not have been shut down as it was during the COVID pandemic, it was... These acts of monetary interference by our leaders have changed the market in meaningful ways, possibly even in some ways that we haven’t realized yet. And while there’s a dozen very good reasons why the market shouldn’t continue to soar, what I’m saying is that as an investor you must put your money somewhere. And that’s especially true for working Americans. My father spent his entire career working for the Coca-
The huge credit crisis that is being created in the commercial real estate industry...
And the massive AI bubble in stocks that seems to grow larger and more dangerous every day...
AMY: Why is that, Porter? Those all sound like very good reasons to sell stocks. PORTER: When you look around the world, the U.S. stock market is still the best game in town. Yes, certainly, our government has and continues to make fatal mistakes. But there’s no other country in the world that has created the type of innovation we continue to pioneer here in America. American businesses are still the greatest creators of wealth anywhere in the world. There isn’t any other stock market in the world that is a
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