After a long weekend of coaching (finishing up w/ a great softball game last night) and writing, I just ran out of gas on the computer stuff before I could put up the 'NFTRH Out Now' post.So, NFTRH85 is out now and it stays on theme because managing the markets is not about writing something alarming or profound every week; it is about staying on theme and progressing through stages in a rational manner. We are on a continuum which encompasses not only the nominal cycles in markets, but as policy makers attempt to blow a gasket to save the fading system, the ratios of different markets - monetary metal gold especially - are where the strong clues are.
I felt like I fought the reactive hope rally for months on end and am sure some of that seeped into the newsletter, which had quite frankly become a grind. This was great experience for a newer NL writer; sort of like how John Hussman runs his mutual fund - with a view over entire cycles - so too must an ultimately successful market writer (and market participant for that matter) view the bigger picture.
I have also gone through a stage where some people asked me to "dumb it down", "write at a 10th grade level" and not write in "riddles". Well, they are not riddles; they are what I consider important points of analysis and they are ultimately understood by people who have been around the financial markets. They are not well understood by the public, so NFTRH will never become the mass accepted financial market entity like the ones that put out easy to understand cartoons for mass consumption.
The markets are not easy to understand; that is the whole point. The markets are difficult and to avoid being part of the herd, you must do difficult work. So, my decision is to keep writing as I write, be 100% me and let the chips fall where they may. The subscriber base has a healthy proportion of financial professionals in it along with some really hard core 'regular folk' who have either 'gotten me' from the beginning or have 'gotten me' over time. Others fall by the wayside and I have come to accept and even look forward to that, because I want to find the base to whom I am speaking and no one else.
Things are once again getting loud... just like a ball game; "hey batter batter... SWING batter!". The markets are stirring and various media are competing to pull in the herd to their particular view, competing to BE RIGHT as always. I will just sit this one out, keep the hyperbole on mute and let the bull or bear heroes manage the masses. I want readers who will think for themselves to carry forward their individual plans.
Thanks for listening and have a great market week.
