On 6 February last month, I wrote two articles about how the entire Western financial world was underestimating the negative impact that the coronavirus would unleash upon Western and global stock markets, not because it would be responsible for the devastation that was coming, as Central Banker encouraged misappropriation of funds for more than a decade was the real culprit, but because the coronavirus would likely pop the Bubble of Everything. In these two articles here and here I discussed eight specific stocks (Starbucks, Tesla, Apple, Hyatt Hotels, Intercontinental Hotels, Shangri-La Hotels, Remy Cointreau, Pernod Ricard, ANA Holdings, EVA Air, Thai Airways, Singapore Airlines, and Cathay Pacific) would take a significant hit in share price, with every single one now down significantly since that time except for Hainan Airline (+16.7%). The price behavior of the eight stocks with the largest losses, most in the 20% to 37% loss range since I issued my prediction, are illustrated in the charts below.
However, in my opinion, this is just the start of the
carnage, as I have to disclose the real monster in the closet that will
eventually accelerate the carnage in future months. Within the next week, I
expect some relief when US Central Bankers slash interest rates even further.
However, I do not expect any consequent bounce to be sustainable. Almost no one
believed me more than a month ago, when I stated that the above stocks were set
to tank, and likely nearly no one will believe me again when I disclose the
monster that lurks in the closet in future weeks.
Finally, despite how large some of the gains one could have had by simply heeding my two articles above, I have discussed specific opportunities with my Transcendent level patrons only that have yielded high triple-digit gains recently. I rely 100% on support of our patrons to continue publishing this newsletter for free and to continue uploading free content to our skwealthacademy blog and to our skwealthacademy2 YouTube channel. Blessings and thanks to all of our current patrons. For exclusive content, including short videos every week and two podcasts a month, consider becoming a skwealthacademy patron.