From the feedback we have received, it’s now evident that our landmark video, “Solving the Timing Mystery Part 2,” was probably the most important online event in the 40-year history of my company. Here’s the edited transcript with the highlights …
Martin Weiss: My firm, Weiss Research, has just formed an historic alliance with a prestigious 78-year-old research institute, a foundation that was created by a chief economist under President Herbert Hoover — with one goal: To determine what causes major turning points in the economy and investment markets, and by doing so, to find a way to predict those turning points in advance.
With this historic alliance, we now have the exclusive distribution rights for all of the Foundation’s economic and financial data going back thousands of years … for all of the research based on that data … and for all the predictive tools based on that research.
Now, joining me again today is Richard Mogey, the Research Director of the Foundation and the successor to the distinguished line of scientists who have held that position over the past eight decades.
Also joining us again, this time from Bangkok, Thailand, is Larry Edelson, editor of our Real Wealth Report, and a contributor to the Foundation for the past 30 years.
Larry, Richard, the response to last week’s event was absolutely overwhelming. Thank you for a job well done!
Richard Mogey: Actually, I was not surprised by the positive response. This is a true paradigm shift in investment timing. It is precisely the breakthrough that investors desperately need — especially right now.
Martin: And in their blog comments, emails, and phone calls, it’s exactly what our readers told us they want us to help them with right now.
Larry Edelson: Martin, the fact that you’ve invested so much and worked so hard to bring this breakthrough to them — the fact that you’ve secured the exclusive rights to share it with them — means our readers will be among the first to use it to improve their ability to time the market and, I must add, to make money.
Martin: That is certainly the objective. But now, in this session, it’s time to dig in so our readers can start taking advantage of it. We’re going to examine the forecasts the Foundation is making now — for major, sweeping moves ahead in the stock market, gold, the dollar, oil, interest rates … and more. Plus, let’s make sure we name some of the types of investmentsour viewers can use to harness the money-making power of the Foundation’s forecasts. First, though, let me take a few minutes to bring those who missed our last presentation — Part 1 of Solving the
A Brief Journey to the Past
The year is 1931. The U.S. economy has contracted a staggering 25 percent. Millions of workers have lost their paychecks. Consumers are hoarding money, delaying all but the most essential purchases. Every month, more manufacturers, wholesalers, and retailers are failing, pushing unemployment ever higher, intensifying America’s economic agony.
President Herbert Hoover could not have dreamed of a more adverse environment to begin planning his re-election campaign — not even in his worst nightmares. The public and the press demand to know who or what was to blame for this catastrophe. To survive, the Hoover administration would have to give them answers.
But the president knows that just any answer will not suffice. Only a credible, exhaustively documented, scientific answer could have a chance of restoring the public’s faith in his administration and in the U.S. economy.
And so, Hoover turns to a scientist he trusts — a chief economic analyst in the Hoover administration named Edward R. Dewey.
Later, Dewey will create a nonprofit foundation. And with this foundation, he and his successors will continue a 78-year quest for the mysterious forces that drive the economy and investment markets, joined by many of the best minds from Harvard, Yale, Princeton, Oxford, Temple University, Western Reserve, and other globally respected institutions.
The Foundation’s mission is championed by men at the very pinnacle of the scientific establishment — Charles Greeley Abbott, the head of the Smithsonian; William Cameron Forbes, the chairman of the Carnegie Institution; and Wesley Claire Mitchell, the founder and director of the National Bureau of Economic Research.
A former Vice President of the United States — General Charles G. Dawes — joins Dewey’s Foundation. So does Senator Everett M. Dirksen and Michael G. Zahorchak, Vice President of the American Stock Exchange.
America’s greatest industrialists, philanthropists, and investors finance Dewey’s quest: Men like W. Clement Stone of AON Insurance; Clarence Coleman of the Coleman Corporation; Ned Johnson, the founder of Fidelity Investments; and Alanson Bigelow Houghton, a distinguished Congressman, a U.S. ambassador, and the chairman of the Corning Glass Works.
In the years that follow, the time-tested tools for timing the markets developed by Edward R. Dewey and the distinguished scientists who continued his research are used by major corporations, banks, brokers, and investment analysts worldwide.
Back to Our Event
Martin: Richard, thank you for flying down again to join us here in Florida.
Richard: Thank you for everything you’re doing for us! This exposure to a loyal audience of highly informed investors is what we’ve been hoping for since the first day Dewey created our Foundation. Now, I have a feeling it’s finally going to happen.
Martin: It’s a very worthy cause. Last week, you explained how, back in the 1930s, Dewey made a startling discovery — that the Crash of 1929 and the Great Depression itself were actually very predictable,had economists only looked objectively at the patterns of history.
Richard: Yes! Historic cycles! Unfortunately, before the Crash, they did not look at them objectively — probably for the same reasons they ignored it in this great crisis today. Even some of the smartest people in the world often believed only what they wanted to believe — that good times go on forever.
But let’s fast-forward to see what the stock market cycles were saying more recently — about the all-time peak in the Dow of September 2007.
Martin: Is the red line in this chart what you saw in 2007?
Richard: No. Actually, this is what we saw back in 2004 and later published on Barron’s Online in September 2007, just before the market peaked.
Martin: I’ve been studying the Foundation’s work side by side with other timing approaches in the marketplace today. But there’s no comparison. The deeper I probe, the more I’m amazed by the breadth and depth of what you do. Most of the other work on the market today — the formulas, the black boxes — remind me of my son’s video games when he was a teenager: a lot of bells and whistles, but not enough substance. In contrast, the work of the Foundation reminds me of Army Intelligence or the CIA in time of war: very serious, scientific, objective, and disciplined.
But for those who missed last week’s briefing, tell us why you didn’t get more recognition for this work.
Richard: One reason may be simply that we have not done a very good job of publicizing our ideas. We’re scientists and researchers, not marketers. Another reason may have something to do with our perfect storm forecast, an economic calamity that we believe is dead ahead. That forecast is a threat to the Establishment. And like their counterparts of the 1920s, the powers that be don’t believe what they don’t want to believe. They believe they can alter history. They underestimate the power of these cycles. They discard our conclusions. So they discard the science and the data that support the conclusions.
You recognize, of course, Martin, that our Foundation’s forecasts based on its cycle work may not always match your thinking, that there could be differences in what you see ahead and what we see ahead.
Martin: I welcome disagreement. That’s how we all learn from each other. It helps us stay open minded so we can plan for contingencies.
Stock Market Forecasts
Larry Edelson: Let me jump right in with the stock market. The Foundation predicted the 1982 low before the great bull market of the 1980s. It predicted the 1987 crash. It predicted the big bull market of 1995 through 2000 and called the peak of that bull market in 2000. It predicted the bull market between 2004 and 2007. As we saw, it nailed the all-time high in the Dow in September 2007. And most recently, with 10 weeks of advance warning, it called this year’s March low in the Dow, predicting a sharp intermediate rally.
Richard: Just remember we cannot be 100 percent correct. Sometimes our cycle forecasts call for a major turning point and we get a minor turning point. Sometimes they come earlier or later than expected. And once in a while, we get a cycle reversal — the market goes in the opposite direction of what we anticipate. So there are times when the cyclical signals can get you in or out of the market at the wrong point.
Martin: And if so, it’s likely you will lose money.
Richard: Of course. Almost invariably, though, the cyclical pattern reasserts itself and you’re back on track to do quite well in almost any market, especially if you use good risk management.
Martin: What is your approach to risk management?
Richard: Suppose you make 10 trades. And suppose five are winners and five are losers.
Martin: Not very good!
Richard: No. But hypothetically, if the average winner is, say, a 20 percent gain and you limit the losers to about 2 percent with stops, you could still come out with a very nice gain overall. And if you could win seven out of 10, which is not atypical, you could be talking about an even better result.
Larry: Just look at the Foundation’s forecast of a stock market peak in September 2007 that was published in Barron’s Online. An investor who had $100,000 in the Dow and got out of the market on that call saved $55,000 as the Dow plunged into its worst decline since the Great Depression.
Martin: And if that investor went a step further and bought inverse ETFs …
Larry: He could have more than doubled his $100,000. Without the Foundation’s forecast, he’d have $45,000 left in his account. With the forecast, he’d have about $210,000! And that’s just on one forecast!
Martin: Richard, regarding the Foundation forecast of the perfect storm, many investors on our blog have asked: “Is the perfect storm past or future? Isn’t it what we have already seen in recent months?”
Richard: No. What you’ve seen so far in the markets are just the first squalls. And what you’re witnessing today — right now — is merely the calm before the big hurricanes hit. All our research going back hundreds of years shows that we’re seeing a pattern that is remarkably similar to that of the 1930s, and the final, all-time low won’t come until late 2012.
Never forget, though, between now and then, you’ll see significant — but temporary — rallies. Plus, with the perfect storm, you will also see unprecedented opportunities in currencies, gold, silver, and other commodities — to play the surges and the declines.
Martin: All driven by this millennial convergence of cycles in one time and place.
Richard: Yes, we have the 20-year economic cycle and the 60-year cycle, both crushing down on the economy, much as they did in the Great Depression. Plus, in addition to what we saw in the 1930s, we also have a much longer, 500-year geopolitical cycle — a major power shift from East to West or from West to East, which is the case now. Amazingly, all three of these powerful cycles are coming together in one singular time frame.
Martin: This is exactly what we’ve been saying and precisely what the pundits have been ignoring. They don’t see it. Or they don’t want you to see it.
Richard: They just don’t understand the power of these big, sweeping historic patterns and how profoundly they govern our lives. Or how consistently they open up profit opportunities.
Martin: Yes, you, we and our readers are part of a small minority that can see through the hype, that has a much greater awareness of the real storms now swirling all around us. But their big question still boils down to: How do you profit from this storm? And from the calms in between?
Richard: I’d approach it in two ways. First, for your core funds, I would take a very cautious, balanced, long-approach to play the big sweeping negative trend in the stock market over the next several years.
Larry: This could be the one time in your lifetime when you can build a great fortune like a handful of smart investors did in the great bear market of the 1930s … and then build still another fortune in the great bull market that follows.
Right, for the bear market, you could use, for example, the ProShares Short Dow 30 inverse ETF, designed to increase in value as the Dow Industrials declines; symbol DOG. You could use the ProShares Short QQQ ETF, which is designed to profit from a decline in the Nasdaq.
Martin: You can use inverse ETFs on the S&P. You can use inverse ETFs on specific sectors. You can use inverse ETFs on entire nations. There are now over 50 inverse ETFs you can take advantage of.
Richard: Yes, but I think there’s an equally large opportunity with shorter term trading. Each megatrend is composed of several intermediate trends, which, based on our work, come and go with greater regularity and predictability than most people realize. That means you don’t have to miss the big rallies in a larger bear market, such as you saw in stocks today. That means you don’t have to miss the big corrections in a larger bull market, such as in gold today. And that means you can multiply the number of profitable trades you make many times over.
Gold Forecasts
Larry: You mentioned gold. Beginning back in the mid-1970s, the Foundation made one of its most notable calls ever.
The Foundation predicted the big peak in gold five years ahead of time, targeting that peak for early 1980!
Richard: I want to point out that our primary prediction was for a peak in silver in early 1980 because we had a much longer data history for silver than for gold. Then, we hitched our gold timing forecast to our silver market forecast. We issued forecasts for both peaking in early 1980.
Larry: That’s when gold surged to $875 per ounce.
Richard: And silver surged to over $50 per ounce.
Larry: And in the 1990s, the Foundation did it again. In 2001, the Foundation predicted that 2003 would be the big bottom of a long, bear market in gold.
Richard: Yes, we said the bottom would be in early 2003, but the extreme bottom in gold came earlier, in 2001. Where we hit it right was in predicting a major surge. We said the surge would begin in 2003, and that’s when it indeed began.
Larry: Since then, gold has more than tripled from about $325 per ounce to over $1,000 per ounce.
Martin: So if you were a trader …
Larry: You don’t have to be a trader. With that kind of information, just knowing the general direction of gold over the years, an investor could have made a fortune. Even without trading in and out or using leverage, just with bullion or bullion ETFs, you’re talking about gains of over 390 percent on the first big move in gold in the late 1970s, and over 200 percent — so far — on the second big move up in gold.
Richard: Larry says “so far” because the big move in gold is yet to come. We see a possible correction here in 2009. Then, we see gold moving higher in 2010, and still higher in 2011.
Martin: So in your scenario, the peak in gold is 2011. But the bottom in the stock market is 2012. What explains that discrepancy?
Richard: The most recent peak we saw in gold was in 2008, and this recent bottom in the stock market came in 2009. These peaks and valleys do not match exactly, but in the big scheme of things, a year is not a long time.
Martin: How high do you see gold going?
Richard: The cycles alone don’t tell you.
Larry: But that’s where I layer on my fundamental analysis. I believe gold must ultimately match its 1980 inflation-adjusted high of about $2,250 an ounce.
Martin: And the forces driving that are …
Larry: Blatantly evident, in my opinion! Already, central banks all over the world are fighting this economic crisis tooth and nail, printing money like there’s no tomorrow. And …
Richard: In our perfect storm scenario, we believe it is almost inevitable that they will accelerate those efforts, driving hundreds of billions, perhaps trillions of dollars worth of frightened money into gold, silver, platinum, oil, and other assets.
Martin: Can we bring this down to right here and now? Our viewers want to know: Where is this market going in the next 90 days? Is it time to invest now? If not, when? And with what?
Richard: I told you about the correction we see here in 2009. So for short-term traders, we think it’s an opportunity to make money on the downside. For longer term investors, we think it’s going to be an opportunity to add to your core holdings.
Martin: How would you handle that, Larry?
Larry: Hold core positions, including gold and gold shares. For gold, I like the StreetTRACKS Gold Trust SPDR, an ETF that tracks the physical price of gold, without all the hassles of owning gold bullion.
Richard: That’s for core holdings. But our work shows that, in addition to this giant gold cycle reaching its peak in 2011, we also have a regular, intermediate cyclical pattern that opens up a potential goldmine for shorter term traders. You can play strictly the upside with the gold ETF Larry just mentioned. Or if you want to be more aggressive, you can play the upside and the downside by adding inverse positions to your mix.
Dollar Forecasts
Martin: This has obvious implications for the U.S. dollar. What do you see there?
Richard: For many years, the Foundation has been predicting a major decline in the U.S. dollar that we said would begin in 2001, which is precisely when the dollar hit its highs and began to tumble.
Martin: Many years?
Richard: Yes, we began making our dollar forecasts in 1977. And this chart you see here displays the same 15-year currency cycle that we originally projected in the early 1980s.
Martin: So you actually forecast the 2001 high in the dollar back in the early 1980s?
Richard: That is correct. Thanks to Dewey’s work, our Foundation’s currency data goes back to 1695, prior to the founding of the Republic.
Martin: You had data on the U.S. dollar before the U.S. dollar existed?
Richard: Yes, major U.S. cities, such as Boston and Philadelphia, used gold pieces they called dollars; and they measured them in terms of the English shilling. So after World War II, we were ready with data that no one else had. And that’s where we derived this 15-year cycle.
Martin: Then came the famous Bretton Woods Agreement, which fixed exchange rates.
Richard: And the dollar naturally went flat. But despite Bretton Woods, the Foundation’s work predicted a protracted decline. And sure enough, the dollar plunged.
Martin: You could say Bretton Woods didn’t break the cycle; the cycle broke Bretton Woods. But it looks to me like the Foundation underestimated this rally in 1985 and overestimated this one in 2001.
Richard: Remember: The cycles are not very helpful in predicting the magnitude of the moves. But in terms of timing, they pinpointed the 1985 and 2001 dollar peaks with precision. And they now point to an 11-year decline that does not end until 2012.
Martin: So we have least two more years to go. But what about right now?
Richard: Right now, in parallel with a gold correction, we see the likelihood of a dollar rally.
Martin: Let’s say you’re a U.S. investor owning U.S. assets denominated in U.S. dollars. What would you do?
Larry: I would keep at least some portion of my money out of the dollar, putting it into stronger currencies like the Australian or New Zealand dollars, or the Swiss franc. I’d consider ETFs or CDs in those currencies, where you can not only make money on their rise but where you can also earn a higher yield.
Richard: I agree. But I want to stress again: Our forte is not just the bigger long-term trends. It’s also the intermediate moves, which, like in gold, are more predictable than most people realize. That means that, whether you’re a currency trader or not, you can do a lot more in these markets than simply buy and hold. The intermediate swings are too big — and too regular — to ignore.
Martin: Can we run through a few other major markets and sectors?
Richard: Sure.
Martin: Interest rates.
Richard: Higher now, but a new decline later this year and ending in 2012.
Martin: But you’re referring strictly to interest rates on high-grade paper. Low-grade paper would probably follow more closely the pattern in the stock market in terms of price. In other words, their yields could continue moving higher throughout most of the perfect storm.
Richard: That’s right.
Martin: Silver?
Richard: A short-term correction, like gold. Then a top in 2011, also like gold.
Martin: Larry, what investment would you use?
Larry: The iShares Silver Trust, symbol SLV. It’s just like the gold ETF, but owns silver.
Martin: Oil?
Richard: In sync with the dollar and gold. A major top in 2011.
Larry: You could play that with the Energy Select SPDR, an ETF of the top oil and gas companies, symbol XLE, and/or the PowerShares Oil Fund, another ETF, symbol DBO.
Richard: I want to stress again: We see intermediate cycles that are more predictable than is generally recognized, great trading opportunities. Martin, your approach, going into the market with great patience is proving to be right.
But there’s an equally large opportunity for impatient investors, investors who want to make money now, who want a better way to time the shorter term moves in these markets. Not just in sectors, but also in individual stocks, which have their own, unique cyclical pattern. And we’re not talking about little moves. We’re talking about moves that can be quite dramatic and can have major impacts on your portfolio. Timing medium-term moves is what we’ve been doing for all these years! That’s the main reason I’m here today.
Trading Individual Stocks and ETFs
Martin: I understand and I appreciate your passion for this. So let’s talk about that. Last week, you gave us some examples of how shorter term trading can work. Could you review those again and give us some more examples?
Richard: The first one was Apple Computer. If you bought Apple using our signals and you used a 2 percent stop-loss, you could have turned $10,000 into $363,729.
The second was Aeropostale, which could have turned $10,000 into $69,208, which covers a shorter time period.
Martin: And the third …
Richard: Green Mountain Coffee Roasters, which could have taken $10,000 to $337,849.
Martin: But that’s without taking out broker commissions. And more importantly, that’s also assuming you had a time machine to go back and actually execute all of those trades. In real life, you have to pay broker commissions and you have to assume that not every trade is going to be as easy to execute as your calculations imply. You also cannot assume that everyone is going to get the same prices that you get.
Richard: That’s correct. But I want to point a couple of strengths in this analysis as well. All these results assumed no reinvestment of profits. If we had assumed reinvesting just a small portion of our profits, you would have far better numbers. And that alone could have easily been enough to cover the costs plus any slippage in the prices.
Martin: But losses are still possible.
Richard: Of course. That’s why we assumed a 2 percent stop-loss on all trades. And to avoid getting stopped out in volatile intraday fluctuations, we assume implementation of the stop strictly at the close of trading, when it’s more difficult for floor traders to manipulate the market.
Martin: Are these stocks typical of all stocks?
Richard: No, but they are typical of the stocks that fit our selection criteria.
Martin: Name the most important criteria.
Richard: Consistent trading cycles. Every stock, bond, and commodity — every financial instrument — has a unique cyclical fingerprint. But that doesn’t mean we can successfully trade every stock or commodity using our approach. Instead, what we’ve found is that, with our cycles-based computer program we’ve developed over the past 44 years, we can run mathematical tests on a wide variety of stocks to isolate those that have had the most consistent pattern, that have the most tradable fingerprint.
Martin: Forty-four years of software development?
Richard: Yes, we began programming in Fortran in the early 1960s — to identify stocks with the most persistent cycles.
Martin: Cycles you assume will continue to hold in the future?
Richard: Assume? Yes! Guarantee? No! One thing that Dewey always insisted upon is this: Once you’ve discovered a cycle, you need to monitor it to make sure it continues to perform as it had in the past; and that’s what we do. But as a rule, we find that the cyclical patterns are the symptoms of long-term forces — and those forces do not change significantly from one day to the next, not even from one year to the next.
Martin: And you can use all of those as trading vehicles: You can use the stocks as trading vehicles. You can use ETFs as trading vehicles. And you can use gold and currency ETFs as trading vehicles.
Richard: No, not all of them. To select a stock or an ETF as a tradable instrument, we subject each one to certain tests to make sure it has solid market cap, plenty of trading volume, and good relative strength compared to the overall market or sector.
Consider the Dow Diamonds Trust, symbol DIA.
Martin: The exchange-traded fund tied to the Dow Jones Industrial Average — not to be confused with the DOG, which is inversely tied to the Dow.
Richard: Correct. With this ETF, we found a relatively reliable 11-week trading cycle, and we calculate you could have turned $10,000 into over $76,493, for a total return of 644 percent.
Martin: So you just try to buy the DIA at cycle lows and then get out of it on cycle highs.
Richard: Correct, a traditional, buy-low-sell-high approach.
Martin: But the period you’re looking at includes the bear markets of the early 2000s and late 2000s. So how could you have made money buying the Dow throughout those bear markets?
Richard: Remember: In this scenario, we’re not buying and holding the Dow; we’re trading the Dow. More importantly, we’re not buying on rallies like many other investors do; we are intensely focused on picking cyclical bottoms. And if we’re wrong, we have close stops. So even in a long-term bear decline, this shows that you could have still made money and done so pretty steadily.
Martin: Just in this example?
Richard: No, the numbers show this same principle also applies to the three examples we cited earlier.
Martin: And to the new examples you’re giving us today?
Richard: Yes.
Martin: So this first example is all about buying bottoms and getting out at market peaks.
Richard: Getting out and staying out until the next bottom.
Larry: Can I jump in here for a moment? Richard, we also talked about giving Martin our estimates based on trading the Dow both ways. Do you have those?
Richard: Yes, but the DOG ETF didn’t start trading until June 2006. So all I can give you is the last three years; and in the last three years, you could have approximately doubled your money with DOG.
Larry: That’s impressive. But the bigger potential is in individual stocks.
Martin: And the bigger risk.
Larry: Yes, but that’s controlled with stops.
Richard: Let’s not forget that stops are not foolproof. The market could fall below your stop before your stop is executed. You could get stopped out for no apparent reason and then the stock could promptly resume its move and leave you behind. But despite that, for this kind of a trading program, we consider the stops essential for disciplined, risk protection.
Let’s take a look at RIM, or Research in Motion, the maker of Blackberry cell phones. If you had started trading RIM in 1999, just buying the stock at cycle lows, you could have turned $10,000 into $248,360. That’s 25 trades with 18 winners, seven losers.
Martin: Does that include the tech wreck of the early 2000s?
Richard: Yes, it does.
Here’s another example: Contango Oil & Gas. Had you traded that stock on our Foundation’s signals, you could have turned $10,000 into over $123,694 — on just nine trades. That’s seven winners and two losers.
Martin: Why fewer trades on this one?
Richard: Because the Foundation identified a longer cycle. Also consider Seabridge Gold. You could have turned $10,000 into more than $249,000 with 45 trades — 34 winners, 11 losers. I have plenty of examples here. Would you me to continue?
Martin: We’re running out of time.
Larry: I think our conclusion here is crystal clear: The Foundation’s cyclical analysis is the missing piece in the timing puzzle. And now, with your new alliance with the Foundation, Martin, you have — at your fingertips — all the data and research that has been gathered by generations of scientists.
You now have the rights to all of cyclical data on every stock traded in the New York Stock Exchange and the Nasdaq … all the cyclical data on every ETF traded since inception … all the cyclical data on currencies, interest rates, gold, and other commodities. You have everything you need to issue market timing forecasts on virtually every investment in the world.
Martin: Thanks to your efforts, Larry, in recent months to bring Weiss Research and the Foundation into this alliance. Now, to help bring this discussion to a head, I have some points I want to make — to sum things up.
So far, in these two sessions on Solving the Timing Mystery, we’ve seen how the Foundation has gathered tremendous amounts of data on economic and investment cycles, some of them going back thousands of years.
We’ve seen how it was able to use that knowledge to better predict important turning points in the markets and in individual investments, and how that ability has been refined over nearly eight decades, beginning with Edward R. Dewey.
Plus, we’ve also seen that, like any other tool for timing the markets, cyclical analysis is not the total answer. But when it’s used with common sense and other analytic methods, it can help time the markets — and be remarkably profitable — just like it helped warn three years ahead of time that a bear market was coming in late 2007.
We’ve seen how helpful the Foundation’s signals would have been in timing moves — and generating profits — in individual stocks and investments.
Richard: There’s no doubt in my mind that when an investment has established a clear cyclical pattern over time — and when our cyclical forecasts are used in conjunction with other tools — the evidence is very strong.
Martin: So let me tell you about the steps we’re taking. Our first step was to make this data and analysis available to everyone at Weiss Research who’s involved in making investment recommendations for our readers. We brought in all our analysts and editors from the far corners of the globe to Weiss Research headquarters for seminars conducted by the Foundation’s leaders, and I must say it was an intensive learning experience.
Now, our next step is to publish a new service that goes beyond using the Foundation’s work as a supplemental input and, instead, uses it as the primary source for generating buy-and-sell recommendations.
Larry, thank you so much for giving us not just one hour, but two hours of your time for both parts of Solving the Timing Mystery. And Richard, thank you for flying down to Florida — twice — to share the Foundation’s venerable insights to help our readers sharpen their investment timing. Most of all, thank you, our viewers, for being with us today.
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