Lance Armstrong — seven-time Tour de France cheater — is an egomaniacal liar. I was once a fan… so it takes great effort for me to bring up his name after learning he was doped-up on steroids for most or all of his wins. But I bring him up for a reason…
During a pivotal point in the 2001 Tour de France, which I watched intently, Lance stared piercingly into the eyes of his closest competitor, Jan Ulrich, as they raced toward the finish line. The incident is now infamously known as “the look.”
He was trying to ascertain: “Just how much gas is left in your tank? And how badly do you want to win?” The look in his competitor’s eyes was: “I’m running on ‘E’.” So Lance decided to muster his last reserve of energy… and took off just before the finish line.
Sport: It’s as much art as it is science. A professional cycler can spend hours running time trials and measuring metabolic rates. But when the rubber meets the road, the “art” of reading your opponent’s face… of “sizing him up”… is as important as the “science” that was applied in the training lab.
So too with investing…
Stock markets have been sluggish, moving mostly sideways, all year… and I’ve recently shared statistical evidence that suggests the stock market will likely be weak in the months ahead. That’s the “science” of investing that I love to practice.
But today, I want to acknowledge an alternative scenario… one in which bullish investors are still in control and still able to push prices meaningfully higher in the months ahead. So I’ve given the market “the look”… and I think there’s still gas in the tank. The bulls have NOT thrown in the towel.
In recent months — even with stocks at all-time highs — the bulls have bid stocks higher when they’ve fallen to their intraday lows. It’s a telling pattern that reveals a healthy level of strength and conviction (albeit, strength and conviction that, for now, is just simmering below the surface).
I shared the details of these patterns with Cycle 9 Alert subscribers this week. And I also gave them my newest recommendation for staying invested, with a defensive bias, in the months ahead. There’s still time to get into this play… click here for access.
Adam O’Dell, CMT
Chief Investment Strategist, Dent Research
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The one investment you may hold dear to your heart… the one investment that helps you sleep better at night, that you rely on for safety, security, and maybe even profits in a world gone mad… is about to get slaughtered.
When it happens, trillions in wealth will be wiped out virtually overnight!
To find out exactly what this investment is, click here.