"Kip's VRA financial newsletter is a MUST read for every saavy investor in this country. Disregard it at your own peril. His mantra is my mantra. Kip Herriage's newsletter is my financial Bible."

--Wayne Allyn Root
2008 Libertarian Vice Presidential candidate
Author, "The Conscience of a Libertarian"

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Twitter: @kherriage

Friday
Oct182019

VRA Weekly Blog Update: Lessons of My Mentors. VRA System 10 of 12 Screens Positive. Small Caps Ready to Rock.

Good Friday morning all. “It’s not the news of the day that matters, its how the market reacts to the news”. Ted Parsons, circa 1987 (RIP Ted).

Ted was my first mentor. As a newbie broker, my cubicle was just outside of his office. Ted was well into his 60’s then. He’d been around the block. His mentor worked on Wall Street during the 1929 crash and Great Depression. So yes…I had a good mentor.

I’d get in the office, read the Wall Street Journal, cover to cover. When Ted got in I’d pepper him with the news of the day and how it might move the markets and stocks we followed most closely. Ted was patient but he didnt suffer fools; so after telling me for about the 100th time “Kip, its not the news that matters, its how the market reacts to the news”…I can still hear him saying “now learn to listen better….get out of my office…go make some calls and build your own book”.

Ted taught me about the markets and about building your business the right way. He was a born contrarian. That stuck. Ted, and my second mentor Michael Metz (also RIP), were stock picking position builders (even as Mike ran research at Oppenheimer). Their passion was being on the right side of the markets (as trend followers), understanding that the market is always smarter than we are and discovering the next great growth stocks. They would build large positions in a concentrated portfolio, getting to know these co’s better than just about anyone else, and then holding them until there was a reason to sell. They made people serious money.

What Ted and Mike taught me led to the creation of the VRA Investing System. Led to my 34 year career.

One of my daily goals is to try and pay it forward. Just as Ted and Mike did for me. “Crushing Mr Market” is my thing…Ted and Mike would love our approach.

And again, its not the news that matters, its the markets reaction to that news. As we see CNBC/Bloomberg and publication after publication tell us that “a recession is coming”, we’ll watch what the markets do instead. Best discounting mechanism on the planet. And right now, it’s telling us that recession news like this is very fake.

https://www.marketwatch.com/story/two-thirds-of-households-preparing-for-recession-even-as-us-economy-continues-to-grow-2019-10-16?mod=personal-finance&link=sfmw_tw

Bull markets don’t end when the public is bearish (as today). Recessions don’t occur when the majority expects one.

VRA Market/System Update

VRA System just went 10/12 Screens positive. Pullbacks are to be bought aggressively. Stampede higher into year end. We’ll add new positions as warranted. TNA and our VRA 10 baggers are the play, for now.

Heres’ the chart that matters. IWM (Russell 2000 ETF), which is the ETF our 3 x leveraged ETF TNA is based off of.

Fresh MACD buy signal today with room to run on momentum oscillators. RSI is playing out as hoped with better than 2:1 gains vs SPX. Need to see volume…I expect thats coming soon.

Our scans include approx 50 key sectors and indexes, US and globally. Across the board, we’ve seen a rally back above 200 dma (everywhere), including R2k and trannies, which had been trading like death prior to this latest move.

VRA Bottom line: The VRA Investing System is back to 10/12 bullish. Here’s what we see as most likely; bears and underinvested big money are about to be forced back into the markets. The reasons are clear, as we see it; seasonality, sentiment, easy Fed policy and continued earnings beats will result in a stampede-like move higher into year end. The opposite of Q4, ’18 (which has kept investors fearful and out of the markets, fearing a repeat).

How remarkable that even as earnings have increased steadily over the last almost 2 years (in the 35–40% range), the DJ is just 400 points higher than it was on 1/18. S&P 500 is just 20 points higher in that same time frame and the R2k is actually 90 points “lower” than on 1/18.

That’s a whole lotta chop, even as earnings have continued to ramp higher. In our view, all it will take is a move through ATH to get investors excited again.

And this; when SPX yields more than the 10 year T-bond, it’s higher 1 year later 95% of the time. If memory serves…and we posted these analytics a couple months back when it first took place….the average move higher is in the 15–20% range, with aggressive ST gains as well.

AAII Investor Sentiment: Still Flashing Strong Buy Signals.

As to sentiment, know this; From a medium-long term investment outlook, we know of no more important indicator than market sentiment. We’ll start becoming cautious on the longer term outlook when bullish readings hit 50%+. We’ll almost certainly see readings of 60% + before this bull market ends….likely in the DJ 50,000 + range, in circa 2024. Bull markets do not end when investors are highly fearful. That’s the very nature of a wall of worry move higher.

Finally, thanks to VRA Member Ed for sharing the following. As Tom Lee points out, since WW2 there have been 3 instances when the markets went nowhere for 20 months and in all 3 cases what followed was a breakout with an average gain of 51% over the next 24 months. Today, this would take the DJ to 40,700 over the next 2 years. Fits with our VRA game plan nicely.

Please make sure and join us on our daily market podcasts at the close. Sign up at vrainsider.com/podcast for email reminders when posted.

Until next time, thanks again for reading….have a good weekend.

Kip

Since 2014 the VRA Portfolio has net profits of more than 2300% and we have beaten the S&P 500 in 15/16 years.

Join us for two free weeks at VRAInsider.com

Sign up to join us for our daily VRA Investing System podcast

Also, Find us on Twitter and Facebook

 

Friday
Oct042019

VRA Weekly Blog Update: Strategy Session Update. VRA and Parabolic, Net Profits of 1321% in 2019. CARA and VGZ.

Good Friday morning all. Getting a very late start in writing. Updates from mgt on both Cara (CARA) and Vista Gold (VGZ) this AM.

First, the September jobs report is out and pretty much in line with expectations. 136,000 jobs created with the unemployment rate down to 3.5%, a 50 year low. DJ futures reversed from -60 to +30 as I write. Yesterday's market action was better. Quite a bit better.

Love seeing fear readings in the sentiment surveys and put/call ratio. Along with indexes reaching heavily/extreme oversold, this is how important bottoms are formed.

VRA STRATEGY SESSION

Over the last 2–3 weeks we’ve taken profits and raised cash. As we’ve been covering, we see a significant move approaching in the markets…we’re 70/30 it will be higher into year-end…we’ll keep depending on the VRA Investing System for that decision.

For those that have called me a “permabull” over the last 3 years or so, there is no direct evidence to the contrary. FYI, likely today or Monday, small caps (R2K, IWM) will experience a “death cross”, where the 50 dma crosses over the 200 dma. Again, we see signals that point to this market moving in either direction into year-end. We’ll be all over it, regardless. Our job is to make you money…not to be permabull or permabear.

VRA & PARABOLIC RESULTS: 1321% in Net Profits

To date (2019), VRA and Parabolic have combined for 1321% in net profits. These are positions that we owned coming into 2019 (or bought in 2019) and have now sold. In other words, “realized net gains”, profits and losses.

Parabolic: from our two programs to date in 2019 (9 months) we now have 1099% in net gains with an average gain of 37% per position.

VRA: in 2019, we now have 222% in net gains with an average gain of 54% per position.

We did tell you coming into this year that we believed it would be one of our best years ever. But folks, wait till our VRA 10 baggers really get going. That's when the VRA Portfolio catches fire.

Cara Therapeutics (CARA): in ’19 we have gains of 46%. As we listened to Cara’s presentation at yesterday's Cantor Fitzgerald conference one thing came through clearly; CARA believes they are a lock to receive final FDA approvals for KORSOVA. Again, limited on time this AM, but know this; KORSOVA will produce annual revenues of at least $2 billion. And that’s for only one application (pruritus). If you’re new to the VRA or to CARA, read our previous VRA Updates and/or go to their site. This company is going to be a monster. My targets of $150–200+/share remain intact. The insider I spoke with this AM believes US and European final approvals are “close”. Keep buying aggressively.

Vista Gold (VGZ): In ’19 we have gains of 62%. 10 million ounces of gold, the largest undeveloped miner in Australia, debt-free with tons of cash on hand. And this; more than 1000 kilometers yet to be tested.

Folks, VGZ is an .83 penny stock with a mkt cap of just $83 million. I’ve know these guys for 15 years…over the years we’ve made a fortune in VGZ (on 3 occasions). Own VGZ aggressively. The portfolio mgr I spoke with this AM (top 5 holder) adds to their position each month…sound familiar? Lets keep doing the same.

So much more to cover….out of time for now. I’ll leave you with this for this morning;

STAY FROSTY. Make sure you’ve read each of our updates over the past 1–2 weeks. The markets have been very kind to us this year. Mr Market can be a nasty SOB. It’s our job to crush him before he crushes us.

Our strategy sessions will continue. Read our updates, the VRA Portfolio and listen to our daily podcasts. Stay locked and loaded.

For now, keep that cash on hand and be ready to deploy….long or short. We’re not perma-anythings…

Until next time, thanks again for reading…have a good weekend.

Kip

Since 2014 the VRA Portfolio has net profits of more than 2300% and we have beaten the S&P 500 in 15/16 years.

Join us for two free weeks at VRAInsider.com

Sign up to join us for our daily VRA Investing System podcast

Also, Find us on Twitter and Facebook

Friday
Sep272019

VRA Weekly Blog Update: We Remain Cautious.

Good Friday afternoon all,

Tyler here with you for today’s update.

As Kip mentioned in yesterday’s update the VRA Investing System has been downgraded from 10/12 screens bullish to 9/12 screens bullish. We have been at 10/12 screens bullish since June 19th, and as we have been writing here, nothing has changed in our medium to long term view, but our short term outlook continues to be “proceed with caution.

We began alerting to this change in our updates two weeks ago, as our markets were in extreme overbought conditions and we began to see a breakdown in the market internals. At the same time, investor sentiment was returning to bullish/neutral territory. Bulls outweighed bears for two consecutive weeks for the first time since mid-July. As contrarians, this was not what we wanted to see, but in this week’s AAII Investor Sentiment Survey the percentage of investors bearish once again passed the bulls.

The CNN Fear & Greed index, on the other hand, remains at greed. Down slightly from last week, but still up big from this time a month ago. We continue to see a shakeout in the cards for the next 2–4 weeks, by that time our markets will have begun to reach extreme oversold readings. When sentiment returns to fear again and our markets are oversold we will be ready to strike.

“Be fearful when others are greedy and greedy when others are fearful.” — Warren Buffett

Technology was looking weak during overnight trading, as Micron Technology (MU) fell over 6.5% in after-hours trading yesterday after beating on earnings estimates for Q3. MU earnings did fall compared to Q3 2018, and other semi-conductor names, AMD and NVDA were also down over 1% and 1.5% respectively in after-hours trading.

As Kip writes about often, tech is our market leader. Technology leads our markets both up and down, specifically the semis. Right now we continue to see weakness, the Nasdaq has turned negative after opening higher this morning.

Again, not time to panic, but a time for caution. We are now just weeks away from the next round of high-level meetings on trade, and the semis are heavily impacted by US-China trade talks. Yesterday, ministry of Commerce spokesperson Gao Feng said the two countries are maintaining “close communication.” From the outside tensions between the two sides do appear to be easing, and good news on the trade front will send these stocks and the sector higher.

Housing continues to impress

One of the sectors that we have been pointing to as evidence of the underlying strength of our economy is housing. It is our go-to indicator for economic weakness and right now we see no signs of recession.

We continue to get strong numbers in housing this week. On Wednesday we got new home sales data from August and beat estimates by 54,000 coming in at 713,000. July was revised higher as well. Pending Home Sales for August also came in yesterday with a rebound from July’s reading and is now up 2.5% from this time last year.

Housing is the leading economic indicator, no single indicator is more important for the VRA Investing System. HGX and ITB continue to hit new 52 week highs, XHB is right there as well. Individual names like Lennar and KB Homes are also hitting new 52 week highs. We do remain at overbought levels in housing, which is why we will keep our stops in for NAIL(where we have gains in 2019 of 165%), but the charts below tell us that US housing is in great shape overall. If we do end up getting stopped out we will be patient and wait for the right opportunity to get back in.

It is bullish that we continue to see strength in the fundamental economic conditions that matter. Once we see our markets at extreme oversold territory (already on our way there) and our market internals begin to improve, we will be ready to act. We need to be fully prepared, the end of this pause will likely be one of the last great buying opportunities of 2019.

Until next time, thanks for reading and have a great weekend.

Tyler

Since 2014 the VRA Portfolio has net profits of more than 2300% and we have beaten the S&P 500 in 15/16 years.

Join us for two free weeks at VRAInsider.com

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Also, Find us on Twitter and Facebook

Thursday
Sep192019

VRA Weekly Blog Update: Fed Meeting, is profit-taking on the way? AAII Investor Sentiment. The Gold, Silver Criminal Conspiracy.

Fed Meeting, Powell Getting Better!

1/4 point rate cut and presser behind us. All pretty much as expected. Fed Chair Powell did ok. The trading action during and just after the Fed presser is typically sporadic and not always easy to trust.

Here’s what we do know; the cut has now taken place. That “good news” that is behind us. What will the markets key off of next…whats the next “buy the rumor event”.

In addition, the first 1/2 of September is typically bullish…like this has been…but the second half is just the opposite. Bearish. Analytics of the last 50 years support this.

Why? October is “crash month”…just about every major crash has occurred during October. Some profit-taking would not surprise me.

We remain medium to long term bullish and short term cautious. It’s entirely possible that the markets keep blasting off higher from here but we rely on market internals as a ST guide…and they were weak yesterday. Roughly 2:1 negative across the board. Again, by no means a “bear market” signal…but yes, we will be watching internals closely. They are our best ST signal indicator. And we’re following the Fed’s actions in the repo market as well. Tyler got into this in yesterdays podcast. Is QE lite now in place.. and what is happening in the repo market?

https://soundcloud.com/user-640389393/vra-podcast-tyler-herriage-daily-investing-podcast-sep-18-2019

AAII Investor Sentiment: The Public is Returning

35% bulls to 27% bears. Sentiment follows price. As expected, the public is returning. Finally.

VRA Bottom Line: the VRA System is flashing extreme overbought on every broad market index. Our wall of worry move higher is dissipating. We’ve already had ECB rate cuts and QE. We’ve had good news on US-China trade. And the public is no longer bearish, with investor sentiment flipping to neutral-bullish. J Powell has a history of mini-crashes and we are entering the worst period of the year, filled with major market declines. And this, remember what happened to the markets in Q4 of last year? It led to the worst December since the great depression.

We want little to do with any of these risks. Lets be the smart money.

Not a time to be bearish…just a time to be smart.

— — 

US JUSTICE DEPT INDICTMENT: JP MORGAN GOLD/SILVER MANIPULATION CARTEL WAS A “CRIMINAL CONSPIRACY”

As discussed in these pages for 15 years, and as GATA and Bill Murphy have battled for 25 years, the commodities markets have been rigged. Absolutely and completely. Late yesterday news broke that the US Justice Department charged JP Morgan (and others) with RICO charges for multi-decade criminal practices of gold/silver rigging . Racketeering. The RICO statutes were put into place to catch the mob. Sounds about right for the banking cartel.

https://www.zerohedge.com/markets/three-jpmorgan-traders-charged-massive-gold-market-manipulation-fraud

— -

This should be just the beginning of legal worries for the banking cartel. RICO is no joke. This criminality ran rampant in major money center banks, in the US and Europe, for up to 3 decades.

We’ll follow this story closely. If there’s justice there will be class action lawsuits that we can join as well. No, we were not conspiracy theorists.

This will be a busy week. Again, we don’t believe in picking tops. But we stand ready to act in the event a short term market top and correction is about to unfold.

Until next time, thanks again for reading…

Kip

Since 2014 the VRA Portfolio has net profits of more than 2300% and we have beaten the S&P 500 in 15/16 years.

Join us for two free weeks at VRAInsider.com

Sign up to join us for our daily VRA Investing System podcast

Also, Find us on Twitter and Facebook

Wednesday
Sep112019

VRA Weekly Blog Update: 9/11/01. 18 Years Later, We Still Need Answers.

Good Wednesday morning all. I have posted this VRA Update (updated with new information/facts) every 9/11 since 2006. Today marks 18 years since 9/11/01. Like most, I was in shock in the weeks/months that followed the attacks. Then I saw this picture, with an article signed by several hundred scientists that (engineers, architects) that raised serious doubts as to the official story (the list of expert signatories at ae911truth.org has since grown to more than 3000). If the premise of this VRA Update offends you, that is not my intent. Please read with an open mind. Family members of the untold thousands lost deserve answers.

What exactly caused 267 stories (WTC 1, 2 and 7) of steel beams to melt, with concrete pulverized in mid-air, as each building exploded/imploded at free fall speed, into their own footprints?

I have posted the following VRA Update each year, beginning in 2006 (modified “slightly” each year to include updated statistics/facts):

As human beings, we will never be able to agree on everything. When it comes to topics surrounding investing, politics, religion, etc., we each have our own viewpoints and belief systems…just as it should be.

Now…five years following the atrocities of 9/11 (now 18 years), many of us have found that when it comes to processing/discussing the events surrounding “that horrible day” the same situation tends to apply…we have our own beliefs and opinions…and some have a challenge “going there”…it’s still too soon.

However, there are a few things that I am certain we can all agree to, as it applies to 9/11. We remember exactly where we were on that Black Tuesday…when we first learned of the horrific acts. We all felt the same shock to the system, followed by a kind of indescribable shock/pain, as we witnessed planes flying into buildings. And, we all felt the helplessness and overwhelming grief, as we watched in horror as the buildings fell to the ground.

As I watched the events of the day unfold, mixed with the hopes that this was all just a bad dream, were questions in my mind that would only grow stronger as the years passed. Over these past years I have spoken onstage frequently regarding the questions I continue to have about 9/11, and have invited experts (authors, researchers, architects) to share their findings, views and concerns.

Some may feel that I am being disrespectful to the fallen by daring to question the official story. To the contrary, I believe that opening a new investigation would be the highest form of honoring our dead. Let me put it this way; if I had lost a loved one that day, I would want to know exactly what really happened to cause their death…I would want to know the truth…and I would not rest until I believed I knew the truth. I’ve gotten to know several family members over the years (I knew several that perished) and I can tell you that they agree, passionately. They are desperate for the truth. And how can we ever forget the 1000’s of 9/11 responders that have died since 9/11, most with cancer from deadly carcinogens in the air. Their families are desperate for the truth as well.

In addition, we should consider the direct end-results of 9/11…none of which would have taken place without 9/11; the wars in Iraq and Afghanistan, where more than 6600 US soldiers have died so far…not to mention the 100,000+ that have been injured on the battlefield (a total of more than 400,000 have filed disability claims). To date, we have also spent more than $7 trillion for both wars.The estimates for innocent lives lost in Iraq and Afghanistan fluctuate widely, but the figure can conservatively be placed at 500,000 innocents dead…with more than 7 million people displaced from their homes. And we have the Patriot Act as an end result. Written long before 9/11 and enacted by Congress just days later. The loss of civil liberties from this Act is incalculable…but as long as “we feel safer”, this frontal attack on our constitution can be overlooked. Shameful.

Regardless of your beliefs, I encourage you to view the following three questions with an open mind. These are (a few of) the same questions that I have struggled with these past many years…maybe you have as well. With half of the country now doubting the official story, it’s clearly an issue thats not going away. I believe that is a

1) Prior to 9/11/2001 not a single steel skyscraper had ever collapsed due to fire. Never…anywhere on the planet…in the 100 year history of steel skyscrapers. But on 9/11, three skyscrapers supposedly did just that. Question: exactly how did two 100+ story steel buildings (WTC 1 & 2), and one 47 story steel building (WTC 7), collapse because of fires? In addition, each building collapsed at free fall speed, with no support whatsoever from the floors below…how is this even possible? Note: More than 2000 architects and engineers have since signed sworn statements that point out the impossibility of the physics of the “official story” surrounding the collapses.

2) 19 hijackers, armed with box cutters as we have been told, were able to overtake the crews/pilots of 4 commercial aircraft without pilots alerting ground control. In addition, the flight paths flown by hijackers were incredibly difficult, while the hijackers were all unskilled pilots. Question: Why would highly skilled and trained pilots give up their cockpits to hijackers, when this is the one thing they are taught not to do? Why didn’t the pilots alert ground control to the hijackings? And how did the hijackers, each amateur pilots that had problems merely flying small, single engine aircraft, manage to pilot 4 large commercial aircraft through incredibly difficult/impossible flight patterns?

Here’s the testimony from Capt. Russ Wittenberg, U.S. Air Force — Retired commercial pilot who flew for Pan Am and United Airlines for 35 years. Aircraft flown: Boeing 707, 720, 727, 737, 747, 757, 767, and 777. 30,000+ total hours flown. He had previously flown the actual two United Airlines aircraft that were hijacked on 9/11 (Flight 93, which impacted in Pennsylvania, and Flight 175, the second plane to hit the WTC). Former U.S. Air Force fighter pilot with over 100 combat missions. “I flew the two actual aircraft which were involved in 9/11; the Fight number 175 and Flight 93, the 757 that allegedly went down in Shanksville and Flight 175 is the aircraft that’s alleged to have hit the South Tower. I don’t believe it’s possible for, like I said, for a terrorist, a so-called terrorist to train on a [Cessna] 172, then jump in a cockpit of a 757–767 class cockpit, and vertical navigate the aircraft, lateral navigate the aircraft, and fly the airplane at speeds exceeding it’s design limit speed by well over 100 knots, make high-speed high-banked turns, exceeding — pulling probably 5, 6, 7 G’s. And the aircraft would literally fall out of the sky. I couldn’t do it and I’m absolutely positive they couldn’t do it.”

3) Where was the US military…including the Air Force…on that fateful day? Their claim is even more incredible…that they were conducting military exercises against, you guessed it, terrorist attacks on the US. And, that these exercises prevented them from getting jets in the air in time to help/prevent the planes from hitting their targets. The US military, at the time, had a $600 billion ANNUAL budget. In addition, the Pentagon is the worlds most protected building, including a massive defense system of its own (including air defense). Question: why did it take up to two hours (according to sworn testimony) after the first notice of hijackings to scramble military jets. And, where is the footage from any of the hundreds of cameras from the Pentagon that would show American Airlines flight 77 hitting the building? Up until now we have only seen a few frames from a local ATM camera, and in none of those frames is an airplane visible. The following is sworn testimony from Col. George Nelson, MBA, U.S. Air Force (ret) — an FAA certified commercial pilot. He is a former U.S. Air Force aircraft accident investigator and airplane parts authority and graduate, U.S. Air Force War College and has a 34-year Air Force career, FAA certified Airframe and Powerplant Mechanic.

“In all my years of direct and indirect participation, I never witnessed nor even heard of an aircraft loss, where the wreckage was accessible, that prevented investigators from finding enough hard evidence to positively identify the make, model, and specific registration number of the aircraft — and in most cases the precise cause of the accident. The government alleges that four wide-body airliners crashed on the morning of September 11 2001, resulting in the deaths of more than 3,000 human beings, yet not one piece of hard aircraft evidence has been produced in an attempt to positively identify any of the four aircraft. On the contrary, it seems only that all potential evidence was deliberately kept hidden from public view. With all the evidence readily available at the Pentagon crash site, any unbiased rational investigator could only conclude that a Boeing 757 did not fly into the Pentagon as alleged. Similarly, with all the evidence available at the Pennsylvania crash site, it was most doubtful that a passenger airliner caused the obvious hole in the ground and certainly not the Boeing 757 as alleged. As painful and heartbreaking as was the loss of innocent lives and the lingering health problems of thousands more, a most troublesome and nightmarish probability remains that so many Americans appear to be involved in the most heinous conspiracy in our country’s history.” http://www.physics911.net

In addition, here are a few quotes from top government officials who have raised serious questions:

“[9/11] family members … have said that only a fourth of their well researched questions were answered.” ~~ Former U.S. Senator Mike Gravel, who courageously entered Pentagon Papers into the Senate record

“[There are] serious challenges to the commission’s credibility. No wonder the 9/11 families were outraged by these revelations and called for a new commission.” ~~ Former FBI Director Louis Freeh in Wall Street Journal article

“The official story is so inadequate and far-fetched that there must be another one.” ~~ Andreas von Buelow, PhD, former Minister for Research and Technology of West Germany, 25 years in German parliament

“What’s the 9/11 commission got to hide?” ~~ Curt Weldon, ten-term Republican Congressman

“I think the inquiry has been very shallow, very superficial. We have to try and get the truth.” ~~ Paul Hellyer, former Minister of Defense of Canada

“It [the 9/11 Commission] is a national scandal. One of these days we will have to get the full story, because the 9/11 issue is so important to America.” ~~ Max Clelland, U.S. Senator, former member of the 9/11 Commission

— — -

On this most somber of days, we mourn for the lives that have been lost, both directly and indirectly. While I was not in NYC on 9/11, my previous firm (Oppenheimer) had its offices in WTC 5. I knew people from my Wall Street days that lost their lives. The best way that I know how to honor them is with a new investigation. I realize that many reading this may have doubts. I’ll ask you to do what I have asked many to do; spend 5 minutes on AE911Truth.com and read the letters of testimony from scientists that are calling for a new investigation. I don’t have the answers…I have no clue what really happened on 9/11…I just know that the official story is impossible to believe. IMPOSSIBLE. I’ll never stop asking questions. Too many people deserve answers…we all deserve the truth of 9/11/01.

Until next time, thanks again for reading…

Kip

Since 2014 the VRA Portfolio has net profits of more than 2300% and we have beaten the S&P 500 in 15/16 years.

Join us for two free weeks at VRAInsider.com

Sign up to join us for our daily VRA Investing System podcast

Also, Find us on Twitter and Facebook