Jim Puplava & John Loeffler of FinanacialSense are Going to Lose People alot of Money

Jim Puplava repeatedly deceives people unwittingly. He said there are 3 phases to a bull market. Smart money, institutions, then the public. He says the public are so not invested in equities hardly at all. But he is deadly wrong!

Jim is going to single handedly lose a lot of people a lot of money (saved this posterity sake) when the S&P 500 hits a peak in late 2015 or mid 2016 at the latest, as Jim is going to stay long as are his clients. He won't time the market properly. This is his business and generates fees off people being long.

Asset allocation charts show in the past 100 years the low for the public in equities was about 25% of their portfolio of equities, bonds, cash; and the high was 45%. We are at 45% NOW! The market always reaches a major top when we are at 45% irrespective of interest rates or any other mitigating factors. For example, in 1966 interest rates were very low but the market still hit a top lasting 17 years. Debt levels are far worse this time, the boomer situation is far more dire, and unfunded liabilities. Any room to go lower on interest rates is just for show. The public has never been this fully invested in equities ever before in history, which of course, agrees with Case Schiller, Market Cap/GDP, and Profits Margins/GDP.

Lastly, to nail the nail in the coffin, we know bear markets last about 17 years. Those biggest bubbles usually last even longer. There was only 8 years from the 2000 peak to the bottom in 2008. Japan's Nikkei continued to collapse for over 20 years and who knows if it has finished its slide? The only reason the Nikkei has been up in the last couple years is because of massive debasing of their currency, but they can't do that forever. The US markets have been tracking Japan's moves very closely so the next dip is coming in the next year or year and a half for North America the falling Roman Empire. The Euro is going to be global currency. And Europe is the revived Roman Empire.

Jim Publaba doesn't realize this, nor does John Loeffler, but they are almost like robots -- products of the baby boomer generation. Anyone in their generation could have made money just buying stocks since 1974, bonds since 1982, and commodities since 2002. But they underperformed these indexes. It was the easiest time to invest ever before in history. But there is always payback because pride begets the fall. As Matthew 10.32,33 says, unless you are willing to confess who Jesus really is to others, He will deny you before the Father in heaven. Faith is not separated from decisions we make in life, even financial sense decisions.

The S&P 500 will go below 1000 when the reported earnings drop below $80, and the Price/Book will decline from 3x to below 1x as time progresses. The 10 year US treasury will go below 0.5% eventually, and the 30 year will go below 1% eventually. Commodities will crash further, so short copper at $3, it is going below $1 per pound. Natural Gas will bottom out at around $2, and WTI crude oil will bottom out at around $30-$40. The S&P 500 will top out somewhere between $2300-$2800. It won't make it to 3000. I promise you that! Think about it. Reported earnings will not exceed $120 so 3000/120=25x P/E. We ain't going there again at least for the next decade or two.

I am rebuking so appreciate what I wrote from that perspective. It is righteous indignation! Watch for a 7% drop in the Dollar Index, DJIA or S&P 500 on Elul 29, Sept.13, 2015. It is another give back Shemita year to make up for banks too big to fail. The big trade is ultimately the continued collapse of the US Dollar Index which will top out somewhere between 95 and 105 in the next year to year and a half according to the commercials.

Praise the Lord for this discernment! Amen.

http://biblocality.com/forums/showthread.php?4381-John-Loeffler-and-Jim-Puplava-Nominal-Christians-of-FinancialSense.com&p=8948#post8948

p.s. One of the people they interview lots is Jeffrey D. Saut of Raymond James. He says the bull market will continue for another 7 or 8 years. You'll enjoy watching his prediction fail. There are quite a few people at financialsense.com that are effectively perennial bulls, but the payback is coming. There is nothing wrong with being a bull, but that time is not now, which is only good for at best another 25% return on the S&P 500 before it is all given back and then some. You might want to play that 25% but make sure you get out in time. I am too chicken to try for 2200 to 2800 on the S&P 500.