Author/Editor
David Skarica
Description
Market trends and watch list companies, based on mass psychology, technical, monetary and fundamental analysis.
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2.1
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There have been a series of You Tube interviews in which David Skarica, considered by some to be the top financial expert in the world, has been interviewed by Mike Swanson, who, prior to the interviews had been a completely unknown financial expert.
Swanson told Skarica in one of the interviews”I was a nobody. You are a somebody. I wanted to be a somebody so I called you.”
Nobody in the financial world, including Skarica, had ever heard of Swanson.. What has happened is that a completely unknown individual has for several years been doing a series of interviews with a legendary figure in the investment world.
The interviews have been outstanding. Swanson’s sole claim to fame is his interviews of Skarica. He is no longer an unknown in the financial world. The only question is why Skarica was willing to give Swanson such an extremely generous break.
It is the belief of Skarica that the United States is on the verge of bankruptcy. He believes that banks have been overly generous in their loans to the public. Skarica also believes that the Congress has run up completely inexcusable debts. He believes that the next time that the Fed increases the prime rate will lead to bankruptcy.
I strongly recommend that all investors go into the Swanson interviews of Skarica. Skarica has a record of being extremely accurate in his predictions.
Extremely accurate?? Skarika wrote a book in about 2010 explaining how we were only half way through a 25 yr commodity super-cycle…it was all downhill from there.
Note that I did not say or in any way imply that Skarica or anyone else has a perfect record of predictions. However , his success ratio of over 80% accuracy of more than 80% is among the best.
Skarica, among a tiny handful of others, correctly predicted the Great Crash of 2018. This has given him, along with DiGeorgia, Faber, Lombardi,etc., for being accurate when the mainstream media crucified them for predicting a crash when they wrongly predicted a continuation of the continued booming bull market.
Skarica must also be given credit for openly stating in his newsletters when he is wrong. The overwhelming majority of his stock selections do what he predicts but some do not. Along with naming the stocks that he was correct on, he also gives the names of the stocks that he is wrong on.
To my knowledge, he is the only one of the top financial experts in the world to do this. The others all mention only the stocks that they were correct on and make no mention they were wrong on.
Skarica has got to rank up there with Michael Lombardi (Yes, he’s been wrong more than a few times as well) as one of the best in predicting the economy and individual stocks.
The reason why James DiGeorgia is so accurate in predicting the accuracy of individual stock performances is because he is a billionaire who inests millions of dollars in penny stocks that is manipulating.
I was very disappointed with his silver service. He promised weekly pod casts and updates. He would go 2 or 3 weeks between updates stating that there isn’t anything new to right or talk about? I cancelled after 2 months. I feel sorry for the life time subscribers.
Skarica has no integrity. I paid for his silver service for three months and he stopped providing what he agreed upon after a month or two. In other words, this scam artist has gone completely AWOL. The last two equities he covered were owned by his family which of course is a massive conflict of interest. I’ve emailed him 5 times with ZERO response. Meanwhile I’m out 3 months of his stock picking “service” after having lost over a grand on his stocks picks. Do NOT send him any money.