Monday, Oct. 30, 2023. How our fearless, intrepid investor made out last week and what she will do today

Davos of the Desert

Riding my bicycle, I recently plowed into a car (my fault), broke two ribs and punctured a lung. That is why you haven’t heard from me for a while.




Here is what I did to the car with my left side. My bicycle is 100% alright.




Our fearless, intrepid investor pays attention to the Put/Call ratio. It is -ve for the week, for the month and for the year. For. The. Year!

‘Davos in the Desert’ is an annual event hosted by Saudi Arabia. The kingdom has $778-billion sovereign wealth fund. It seeks to wean its economy off oil. It invites the world’s top financiers such as World Bank President Ajay Banga, CEO of BlackRock, Laurence Fink, JPMorgan’s Jamie Dimon, Goldman Sachs’ David Solomon,  Citi Group’s Jane Fraser (British).

All of them are pessimistic about the global economy due to Israel & Hamas. Universal agreement among financiers is rare.

What is the best investment in a declining market?

The U. S. dollar.

It is backed by the largest economy in the world. Further, it holds the status as the global reserve currency.

Our fearless, intrepid investor got into 100% U. S. cash last Friday, October 13th and is staying there. When the market drops 10%, she will buy some SPY with her cash. For the week, the market as represented by SPY, is down 3.22%.

On Monday, November 6, we will report on how she did and what her plans for the week of October 6 to October 10 will be.

Luck hardly matters with the habits of the Monday Morning Program.

Good luck!



Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me