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The Only Thing That's Worse Than Being HatedBy
Tuesday, October 25, 2016
I can't stand the Kardashians. Apparently, I'm not alone... Americans love to hate the Kardashians.
But how bad is "being hated"?
Think about it... you probably can't stand the Kardashians, either. But you still know who they are.
Somehow, Keeping Up With the Kardashians – the "reality" show that chronicles the fatuous existence of Kim Kardashian and her family – is still on television... and somehow, they're still making lots of money. "Being hated" doesn't sound that bad.
So... what could be worse for the Kardashians than being hated?
How about being out of the news altogether...
No more TV shows, no more paparazzi, no more endorsements... NO MORE MONEY. That would be the real bottom for the Kardashians. That's worse than being hated.
Surprisingly, the same goes for investing opportunities... You might think that your investment has hit rock bottom if every headline you see is shouting about how terrible it is. But believe it or not, there IS something even worse than being hated... and when you see it, you know it's time to get serious...
When I find an asset that is worse than hated, I get excited. I know our upside is even greater than usual.
The truly optimal time to buy is when a hated investment has been out of the news for a long time. And then – when nobody is talking about it anymore – it quietly starts an uptrend. That's when the biggest percentage gains can happen. That's the setup we want to see.
This is the situation we have in the oil market today...
The price of oil fell from $100 a barrel to $50 over the second half of 2014. Now, you might think that a 50% fall in six months would mean that oil was hated – and that it might be time to buy.
But – like Kim Kardashian – oil was still all over the television at the time.
The price of oil had crashed – but oil had not yet fallen out of the headlines. Far from it. So what happened next?
Those who bet on the price of oil rising in 2015 got hammered...
The price of oil fell by another 30% in 2015. Oil bottomed out in the $20-per-barrel range earlier this year.
Ah, but what's this? It appears – with very little fanfare from the media – that the major decline in oil prices is behind us...
That was the big news in my high-priced True Wealth Systems newsletter earlier this month.
We saw new "buy" signals for oil prices in both of the tracking systems we use. That's the first time oil has been in "double-bull mode" since 2014.
In short, right now could be the beginning of a major rally in oil prices, based on my True Wealth Systems computers.
My TWS computers spotted this opportunity that, honestly, I would have missed on my own... Oil prices were not on my radar. And they have been completely out of the news.
But remember, the only thing worse than being hated is being forgotten.
That's what has been happening in the oil market today. And it's a major reason why I believe oil prices could move much higher from here.
Good investing,
Steve
Further Reading:
After hitting a hated extreme, one commodity has been rocketing higher. Nobody's talking about it... "And that's exactly the way I like it," Steve writes. Learn the best way to profit by reading here: A Picture-Perfect Setup... How to Take Advantage of It Now.
Steve's True Wealth Systems readers are up triple digits on another recent recommendation. It's one of the world's best-performing markets... and, as Steve explains, it still has 23% upside from here. Read more here.
Market NotesA BUSINESS IN TERMINAL DECLINE Today's chart is a reminder to avoid unnecessary businesses...
As time and technology progress, old businesses make way for newer, more efficient ones. Think about the original airplane designed by the Wright Brothers versus today's Boeing 787. Or the Model T build by Henry Ford versus today's Ford Mustang. The old versions are showcased as antiques, but their practical use has passed.
The same thing is happening to the newspaper industry. With the expansion of the Internet and digital media, the traditional printed newspaper is becoming less and less relevant. Everyone has immediate access to information via the web.
Gannett (GCI) is a good way to gauge the industry's temperature. The company owns newspapers around the U.S., including USA Today, the Detroit Free Press, and the Indianapolis Star. As more media makes its way to the Internet, fewer people are reading newspapers. That shifting trend has punished Gannett's shares lower over the past 12 months. The stock, which traded for nearly $18 earlier this year, has fallen more than 40% to less than $11 per share...
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