this is a special video today I wasn't even supposed to film anything I'm just doing it as there's a lot of questions coming in the market freaked out a lot of people so people are asking me all questions about all sorts of different aspects of things so I thought what I'll do is I'll do a special video today really quickly just telling you exactly my entire philosophy about the markets and it got my attention the other day they're talking yesterday about a failed rally and it wasn't a failed rally the


market opened higher and then and eventually this gave up and fell lower but if it was a failed rally that caught my attention because that is one of the most negative signs for a stock market when the shares are trying to climb back up and then they fall during the day that is a failed rally and that's another sign among dozens that we've been talking about about how the stock market is in a really dangerous place right now so then you maybe you ask what should you do should you sell everything should you


panic listen here's what it is I believe and I can't tell you personalized trading advice I'm wrong 100% of the time I don't know what I'm talking about make your own decisions I believe that and I'm going to tell you too what I'm doing so you can see that I put my money where my mouth is I believe that the next two weeks to two months will be a bit of a reprieve a little bit of a bounce back for the markets and I believe that that would be a wise time if you haven't done it yet


if you haven't listened to me for the last long number of years that would be a good time to lighten the load with a lot of these stocks that are not in the two groups I'm going to talk about which are oil and gold everything else everything else in my opinion is really risky likely to come down a lot in price and you saw the other day when it starts falling how quickly all of a sudden everyone can just get freaked out and I believe the one thing is you don't want to do now is buy the dip I believe that will be the


single most ineffective and financially punishing strategy going forward through the last part of this Market top we've got a last gasp rally maybe a blowoff top and then that's going to be it and why do I say that because of everything I explained to you in the last so many videos if you want to see any of those go back and see what's going to happen with this Market I've been wrong before you can't call tops and bottoms maybe the market turns out like Venezuela in this print so much money that the market


goes to the moon but for my part I believe especially with everything going on in the world right now it's time to step aside letting the load get out of all risk you can come back in in a couple of months if things calm down but if you're going to be thinking about buy the dip I would say instead sell the climb when it goes higher use that as an opportunity to take money off the table you want to go to cash as much as you can you want to be cashr because a lot of amazing discounts are going to be


showing up as the market collapses but if you're a subscriber to the Peter lead speculative stock newsletter you would have seen every trade I've made you've seen the Holdings I have in my own personal portfolio and you saw what was in there oil oil company production company oil production company gold company gold production company gold production company just a bunch of oil and gold why is that because the one thing that's going to override the coming stock market weakness will be a flight


to safety like gold will be a risk commodity like oil the war is so close to accelerating significantly and it won't take months and months to do that it will take as long as it takes until and all of a sudden you're on the other side of things on the other side of the world where it was before the war broke out more and after the war broke out more you can defi your entire life from that point before and after when things light up in the Middle East it will be absolutely Monumental horrible but


Monumental for every aspect of the economy and I know this stuff more important than oil and gold and making dollars and avoiding losses I know I know and I sent out a special Peter leed's Insider exclusive newsletter yesterday talking about all of this and and if you want to get The Insider exclusive you have to become a Peter leads Insider Peter leads.com insiders but here's what I said and it was a reply to a question about should we sell the gold mining stocks that we own because if they're going to fall


anyways with this is not the exact question I'm paraphrasing but if they're going to fall anyways with everything else and why would you want to be invested in them holding them right before they fall if there's going to be a massive fall just like the other you saw that gold miners fell pretty strongly not as much as a lot of the other stuff and they're already recovering the gold pric is already going up higher today but anyways back to what I saying so he asked the question I said the question


is when and if we should lighten the load on the precious metals miners then hope to buy back in after the fall but the wild card is the war in the Middle East until there's a resolution or end to the conflict do not in my opinion sell any oil or energy companies and do not sell any precious metals miners also expect an interest rate reduction and quantitative easing announcement on September 18th both of those events will Goose the markets and inflation breathing one last bullish run into stocks before the


tumble begins and I wouldn't want to be in the market right now anyways you hear selling man go away what about sell in August and go away you got two of the toughest months for the stock market in terms of stock market crashes and draw Downs coming up October and November so now is the time if you want to get direct contact with me by email become a Peter leed's Insider and also you want to start considering and remember this is not me telling you what to do I don't know what to do I don't know to tell you


to do go to cash as much as you can a lot of these stocks are coming down hard and I've been talking forever about how the economy is weak and they kept telling you the economy is strong and now everyone's realizing it and now I've been talking to you about the recession and now everyone's realizing this weak economy is going to be a problem so there's the economy then you got the stock market then you got the war and there's so many things going on right now Each of which could be so


tremendously pivotal that you want to be positioned to expect the chaos so that it doesn't hurt you as badly a lot of people are going to lose a lot of money and you want to be on the sidelines a bunch of cash in your hand watching these stocks become more and more valuable anyways like I said this had to be a quick emergency video see you next time