In 1929, JFK’s father Joseph Kennedy Sr. picked up on one of those subtle signs and didn’t just get out at the top, he scored a massive windfall on the way down as well. You must have javascript enabled to use this site. Shocking even to me is that the Fang+ at 88 times earnings is even more expensive today than that group of tech stocks were at the peak of the bubble in early 2000. Become a member today, and get our latest FREE report: "Three Big Profit Opportunities in Solar"! Yes, I’d love to go back in history and own this group of stocks three years ago. As the job was being done, Kennedy and the boy shining his shoes began making small talk. Global electrification and growing use of renewable energy are going to drive up copper demand for the foreseeable future. If you've been watching the market hit new highs and wondering if you should be back in...DON'T! All rights reserved. There is some truth to all this talk of gold. Joseph Kennedy Sr. wouldn’t be blowing the whistle at today’s market as this is not the type of action you typically see before a big market decline. Meaning this is nowhere near the Joseph Kennedy moment back in 1929, when even the shoeshine boys were doling out stock tips. Because of those facts, it’s true that investors need a safe haven. But I guarantee that as stocks continue to rise — mostly from the pros on Wall Street recognizing the vast sums of money on the sidelines — the “fear of missing out” will soon overwhelm individual investors to a point where they’ll buy back in at any price. I mention this today not as a blanket dismissal of shoeshine boys, but to compare the overhyped 1929 market environment to the present day. But rather than panic from the pandemic, you can profit. Joseph P Kennedy is quoted as saying that he knew in 1929 that Wall Street was overly optimistic and a crash was on its way when he started to get stock tips from his shoeshine boy. But with the bull market that is likely ahead, there are better places to put your money than the piles of gold coins pundits and TV pitchmen are trying to sell you. They don’t ring a bell at the top and tell you to get out, but I have to say that I’m pretty sure that I can hear something. With every passing day, the yellow metal is on more minds and news of its climb is reaching more ears. After having made a bundle owning stocks in the roaring bull market of the 1920’s, Joe Kennedy Sr. found himself needing to get his shoes polished up. As the job was being done, Kennedy and the boy shining his shoes began making small talk. Today, I’m answering your questions. In short, the market’s bark was a whole lot worse than its bite. In our latest report, "Superbugs and Your Wallet: 3 Ways to Inoculate Your Portfolio" we discuss the various ways people are duped by certain health care stocks and offer much more legitimate options and strategies. Typically,... Wall Street’s Black Book of Fast-Cash Secrets, Apple, Facebook and other big tech stocks tank, weigh on Wall Street, CNBC, Patti Domm, Wall Street Adage #27 — Is EXTREMELY Important Today, “WATCH THIS” (And Other Suicidal Phrases), How To Play The Deep-water Oil Boom: FMC Technologies, A Look At The Energy Of The Future: Natural Gas. This was something that was common as recently as 10 years ago, and it’s made its way back around. Wikipedia: Joseph P. Kennedy The Outsider Club is a group of people ready to take our finances into our own hands; to manage our own investments; to not give into a system that skims off the top until it's time for you to retire. As the legend has it, one Joseph Kennedy Sr. was on the streets of New York a few weeks before the September peak in need of a shoe shine. Sign up to receive your free report. And a couple of them have yet to even turn a profit, so the verdict is still out on those.