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Nasty day within the inventory market. I’ll have a lot to say about it on What Are Your Ideas?
I need to spotlight Tom Lee’s go to to The Compound final Thursday.
It’s Monday afternoon, and the video has down 225,000 views. Now, a variety of this has to do with the market; the increased the VIX, the upper the clicks sort of factor. However the larger motive the video went mega nuclear is that Tom Lee has developed a fan base in monetary media like no one else in the course of the secular bull market over the past 15 years.
I noticed this unbelievable chart that reveals the surroundings we simply lived via has no parallel in US inventory market historical past, not less than going again to 1970.
Some will let you know that this has been a one-way prepare. That the experience was simple cash. And that Tom doesn’t deserve credit score for staying bullish in a bull market. That couldn’t be farther from the reality.
There have been:
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Fourteen 5-10% pullbacks
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Six 10-20% corrections
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And two bear markets the place shares fell greater than 20%
With unfavorable information being rewarded by the algorithms that rule our world, Tom Lee has a ton of guts for remaining steadfastly bullish. That’s why Tom’s movies do numbers. It’s not that he’s 5x higher than all our different company; it’s that he has 40x extra followers. His bullish posture has created a loyal military of followers that has compounded alongside the bull market. When individuals advised you the market would tank, Tom advised you to purchase the dip. After they advised you there was a 100% probability of a recession, Tom advised you to purchase the dip.
And for Tom’s haters who’re hoping and praying for the inventory market to tank and that this look is the one which gained’t age properly, I hate to let you know, however Tom was not cavalier in regards to the dangers at present dealing with us. He wasn’t bearish, however in all probability not as bullish as I might’ve guessed.
Talking of fan bases, we’ve finished alright, too, because of the assistance of Tom and different unbelievable market individuals.
Tom helped us crack the highest ten enterprise podcasts on Spotify for the primary time ever final week.
If you wish to keep up to date with what we’re doing at The Compound, you possibly can subscribe right here. Thanks to everybody who’s been driving with us over the past couple of years. We all know you possibly can be doing anything whenever you select to tune in, and it means the world to us. See you tomorrow!
