This story was originally published here.
There's an old saying I learned early in my career on Wall Street…
It sticks with me because I've found it to be so true. It goes like this: “The market tends to do whatever inflicts the most pain on the most people.”
There are several different versions of this saying. But you get the idea. It means that whenever everyone is piled into the same idea, it typically goes against them.
That works for a simple reason. If everyone is on the same side of an idea, who's left to keep buying?
You can think about it this way… If everyone is all-in on stocks, who's left to push stocks higher?
The answer is, probably no one. So the next wave of activity will probably be a drop in stocks.
Here's the interesting thing… We're dealing with the other side of that equation today.
Due to the coronavirus-related shelter-in-place orders, economies everywhere shut down. Nothing was happening. Investors got scared. They sold stocks and bonds, seeking the safety of cash instead.
Even during the recent rally, investors have kept selling in a big way. But that can't last forever. And when it changes, a flood of cash from the sidelines will propel stocks even higher.
Let me explain…
Editor's Note: Click here to keep reading.
This will soon put 3 million Americans out of work
Amazon has taken over retail.
Uber has taken over cabs.
Apple and Spotify have taken over music.
Netflix has taken over movies and TV.
Google has taken over data.
LinkedIn and others have taken over job search and hiring.
Expedia and TripAdvisor have taken over the travel industry.
The list goes on and on.
But the amazing thing is…
An entire new technology is about to change everything. It will put millions more out of work… and make many others rich.
And this breakthrough has nothing to do with the “hot” new technologies the mainstream media is obsessed with these days, like electric cars, artificial intelligence, 5G, or robotics.
It's actually much, much bigger.
And although you probably didn't realize it, this new technology was unveiled on October 31st, 2008.
It's already created many millionaires (Barron's estimates at least 20,000), and will soon create many more.
We've recently produced a simple analysis that explains everything you need to know. You can view it on our website right here.
