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U.S. MARKET CLOSED DOWN 250: Who Wins, Who Loses?
The U.S. markets closed down 250 points June 21, 2012 but the question is: “Who wins and who loses?
Addressing this issue is STEVE BEAMAN, who sold his company to Charles Schwab for $22 million, and his trading software he developed is still being use by Schwab today. So if anyone understands the markets, it’s Steve Beaman!
In response to the down day, Beaman stated, “Clearly, the volatility in the market is affecting the American economy. We can’t seem to get a break. Every time we hope the economy is going to get out of this lackluster and tepid performance, the Europeans or some other group rain pessimism down on our parade, the result is a down market – again. Well there are winners in these markets, short sellers, put buyers, and call sellers come to mind, but most folks don’t understand those ideas so they’re stuck just on the losing side, watching their 401k’s diminish again with painful memories of the last decade.”
Steve added, “If Ben Bernanke was right that ‘the biggest single problem in America today is the lack of Financial Literacy’, than today’s market is another indicator of how much that’s true. Profits CAN be made when markets move down, you just have to know how to do it!”
STEVE'S MEASURE OF TRUE DOLLAR DEVALUATION AND INFLATION:
M1 & M2 are measures of the money supply. So this says the Federal Reserve expanded our money supply by 9.2% within the past year. Translated, our dollars are worth $.918 compared to a year ago. Prices are up 10%. Welcome to Bernanke’s “no inflation economy”.
Percent change at seasonally adjusted annual rates:
3 Months from Feb. 2012 (4.2) to May 2012 (4.4)
6 Months from Nov. 2011 (7.7) to May 2012 (6.3)
12 Months from May 2011 (15.9) to May 2012 (9.5)
ABOUT STEVE BEAMAN:
Steve Beaman is a self-taught, self-made millionaire and, presently, founder & chairman of The Steve Beaman Group (SBG), a personal development company working to help people along the five paths to a transformed life. He is the author of two published e-books, one print book to be published, a two-volume, 12 CD audio library, and more than 200 SBG-casts highlighting articles that have been published on each of the Five paths.
He has been the keynote speaker at numerous Chamber of Commerce events and industry conferences. He’s been a guest on televised financial programs and he hosts his own monthly radio program, Life Changes.
Prior to founding the Steve Beaman Group, Steve established DuPage Business Partners, a venture capital and private equity firm that used the capital he had accumulated through the sale of his prior company. Through DuPage Partners, he invested in several companies in various industries.
Beaman’s most public success was the co-founding, development and sale of Chicago Investment Analytics, the premier provider of independent research on Wall Street. In 2000, after a successful 10-year run, “CIA,” as it was known, was sold to Charles Schwab and became the foundation of what is now known as the Schwab Equity Rating. During his time there, Steve was called “the best in the business” by one of the largest money managers in the U.S.
Prior to founding CIA, Steve worked with Wharton Econometrics, Zacks Investment Research, and the E.F. Hutton Company. He is a licensed private pilot and a licensed scuba diver.
He studied political science and history at Purdue University and attends College Church in Wheaton, Illinois. He is the father of six children.
© 2012 Special Guests, Inc.
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