Weiss research doom and gloom!

[Phoenix7]

Weiss Research is predicting some rough going for stocks in October, 2017. Of course answers will be given so one may avoid this calamity during a 3 Day Seminar starting next week . Folks I just hate those seminars, especially when a simple transcript could provide all the details. Here is the WEISS Warning: "By Far, The Most Important Warning
Of Weiss Research’s 46-Year History
In late October 2017, an economic supercycle will begin to trigger a global financial crisis of epic proportions.
It will bring Europe, Japan and ultimately, the United States to their knees, sending nearly one billion human beings into the heart of a terrifying financial whirlwind."

Oi Veh does anyone actually believe this will all happen? I believe that there may be a few stock market blips in October, but certainly nothing as dire as the WEISS Prediction!

[billyjoe]

How about this warning for 3/20/15?
Weiss issues a warning

Weiss Research issued the following warning , “Bloody Wednesday”
April 29, 2015:
America’s Day of Reckoning" Supposedly on 4/29/15 Weiss "Guesses" that the Fed will begin to raise interest rates , and shorty thereafter the stock market will go to hell in a hand basket!
Of course Weiss is trying to sell you a stock service , and has been posting gloom and doom for years. Does anyone feel that April 29th is something to be concerned about?

--------------billy

[mrmarket]

even a broken clock is correct twice a day. As long as he keeps warning, he'll be correct one of these days. Unfortunately, the internet has a long memory.

[Louetta]

I always enjoy market gurus, especially when they are girls. E.g. Meredith Whitney, who married a professional wrestler, Elaine Garzarelli, who was before my time, but supposedly predicted the crash of 87 and the Aden sisters, who became famous as gold experts, and whose website features a picture of Warren Buffett tho they have no known connection with him.

[Gary611]

From my IRA Portfolio firm FWIW:
Natural disasters and political forces can derail our plans. Volatility has re-entered the markets. And as we say goodbye to the summer, this would be a good time for clients to reexamine their long-term goals and the levels of risk they are will to take to achieve them. Stock market corrections happen more frequently then you might think. Since 1900 a correction of 10% or more occurs about once a year on average. Corrections of 5% take place about 3 times per year. We all understand that corrections are simply a part of the market cycle until we start to speculate that, “this time is different”. 500-year flooding and missile lobbing dictators tend to make us believe that yes, this time could be different when actually it isn’t. There have always been reasons not to stay invested.

I started in this industry in the spring of 1987. Each year since, there have been reasons “not to stay invested”.

On January 1, 1986, the S&P 500 was at 211.28. Thirty years later on December 31, 2015, the S&P 500 was 2,043. That would equate to an annualized return of 7.86%. At the time, each one of these reasons seems to be game changers. Staying invested and managing the current risk was always the way to proceed.
Over the years I have found that there are three very productive ways to help clients stay invested over time.
1) During the trying times, make sure that you have enough cash in your reserve funds so that you are never tempted, or in need for selling long-term securities to pay the bills. Increasing your cash reserves can go a long way in making volatility more tolerable. 12 months of reserves is not out of the question for some clients.
2) In addition to increasing your reserves, reducing your stock allocation may also provide comfort during more volatile times. This decision should be weighed against your long-term growth needs and current market conditions. Our Wealth Advisors can run portfolio composition projections showing the potential impact of increasing or decreasing stock and bond allocations over time. Of course, these projections are based on prior market history, but it gives clients a starting point for better portfolio allocation decisions.
3) Finally, introduce dividend stocks into your portfolio. It may be tough to trim your FANG (Facebook, Amazon, Netflix, and Google) stocks but solid dividend stocks can help support a portfolio when markets swoon and potentially add to your overall total return over time. Together, dividends along with price appreciation (total return) have been a significant driver of stock market generated wealth.