I’m a pretty laid-back guy. I don’t get my hackles up about much.
But stories like this really drive me nuts.
Earlier this week, I saw an article about the SEC. A top official that kept his job despite misconduct.
This is crazy!
His name’s Carl Hoecker, and he’s the Inspector General of the Securities and Exchange Commission (SEC).
His wrongdoing? A biased review of his own employees in a misconduct investigation.
According to the committee, he “abused his authority in the exercise of his official duties and engaged in conduct that undermines the independence and integrity.”
So he’s out of a job, right?
Wrong.
As of the time of this article, he was placed on an unpaid temporary suspension, then shortly thereafter, allowed to return to work.
That bothers me.
Government officials are supposed to be held to a higher standard than the rest of us, but the reality is anything but!
What this guy did is gross, but we’ve seen other officials basically commit insider trading (looking at you, J. Powell!) and get away with it.
It’s all a mess.
But for traders, it’s a reminder that we need to look out for ourselves because the folks who are supposed to look out for us sure aren’t.
But that’s not really news, is it?
These days, it seems that faith in public officials is at an all-time low.
Anyone who came to my presentation this weekend knows why!
Anyway, just wanted to rant about that for a while.
Special Alert: Why the Fed May Be FORCED to Crash the Market
In the next few weeks or months, we may see the beginning of one of the biggest stock market crashes of our lifetimes.
And this time, the Federal Reserve, the US government, Wall Street, etc. will be powerless to stop it.
In fact, the Fed itself may be forced to start the crash with a simple policy change. And some of the smartest money on Wall Street is already flooding out in anticipation.
Wall Street Big Wigs are Preparing for the Worst
Even as we speak, the big banks like Morgan Stanley are alerting their clients to the danger that’s coming… to prepare for a brutal winter…
Ray Dalio is getting out of the SPY ETF based on the S&P 500, and he took $403 billion out with him!
Jim Simons and Warren Buffett are both pulling out hundreds of billions of dollars as a way of bracing for what’s coming.
Why?
Inflation is the Spark… The FED Will Start the Fire!
To keep investors, traders, and even banks and businesses out of bankruptcy and disaster in the crisis of the last year, the Fed has been printing money non-stop.
That has sent the markets shooting through the roof, but it creates a major problem: inflation.
The Fed simply cannot allow inflation to run out of control… and when they finally take action, the crash could start almost immediately.
That means knowing which stocks are likely to get hardest, knowing the trades that you can use to hedge against massive disasters, and s much more…
There are alternatives to losing your shirt in a bear market — crypto, smart trading setups, etc. In fact, my greatest trade EVER was with one of these very same setups, during the crash of 2020.
But if you aren’t prepared for the crash, you will get hit HARD.
So, don’t leave your trading to chance and procrastination. Check out my crash protection class and get all the details on what you need to do to prepare.
Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.
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