'Tis Only My Opinion - June  2022 - "The politicians are making things worse ...." is now available.

Adrich Corporation

Since 1965 ...

Current Outlook

"Sell in May & ..."

Sell in May and Go Away ... an old adage that got proved right once again.

 IBD changed its call to "Market in Confirmed Uptrend" on Thursday... well, I am not so sure about that.

Supply chain problems and rising interest rates will cause turmoil in the U.S. and world economies.

The U.S. housing market is in free fall thanks to the FED and rising interest rates. Take a look at lumber prices ... down 50% from its highs. Inflation continues in the U.S. at record rates.

The FED is unable to see the harm rising interest rates have on the economy. Politicians also fail to understand that rising deficits are simply added quicksand for the U.S. dollar which is losing respect throughout the world of high finance.

Attempts to keep the price of gold and silver from exploding will finally fail and then the U.S. dollar's role as the world's reserve currency will fail.

Rising interest rates leave the FED will huge losses on its portfolio of U.S. debt instruments.

Remember -- "Only purchasing power counts!"

Setting definitive action points for held positions will be key to retaining profits in this market.

It is difficult to find long-term trading opportunities with the future so uncertain.

Be careful ....We live in interesting times but safety in your investments should be a major concern going forward.

Remember to ... "Keep It Safe, Simple and Stay Focused!" going forward.

Fred Richards`
May 31, 2022

 

Fred Richards' has published his 'Tis Only My Opinion articles for many years on a wide range of subjects and many are archived here. The current article is highlighted above.

Mr. Richards is a graduate of SMU and HBS, and a member of Who's Who in the World since 1965.

In 2017, Mr. Richards received the Marquis Who's Who Lifetime Achievement award.

Last updated - January 29, 2017
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