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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.
While sitting in the shoeshine chair, Kennedy Sr. was alarmed to have the shoeshine boy gift him with several tips on which stocks he should own — yes, a shoeshine boy playing the stock market.
This unsolicited advice resulted in a life-changing moment for Kennedy Sr. who promptly went back to his office and started unloading his stock portfolio.
In fact, he didn’t just get out of the market, he aggressively shorted it — and got filthy rich because of it during the epic crash that soon followed.
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.
While sitting in the shoeshine chair, Kennedy Sr. was alarmed to have the shoeshine boy gift him with several tips on which stocks he should own — yes, a shoeshine boy playing the stock market.
This unsolicited advice resulted in a life-changing moment for Kennedy Sr. who promptly went back to his office and started unloading his stock portfolio.
In fact, he didn’t just get out of the market, he aggressively shorted it — and got filthy rich because of it during the epic crash that soon followed.
Here's a conundrum...
If a shoeshine boy tells you to buy and scoots tells you to sell, what do you do?
Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.
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