Two weeks ago, on March 31, I sent you an email with the subject: “Goldman is bearish, so what?” The Kelly Letter had just followed its quarter guidance—enormous buy signals across the board—and some subscribers were worried that it had done so right into the maw of a crash foretold by none other than Goldman […]
Author Archives: Jason Kelly
The 30 Down Rule
What is the 30 Down rule? Why did we change from four sell skips to one for 6Sig and 9Sig? Why is 3Sig not in it? When do we rebalance? — Jason Kelly is the author of The Neatest Little Guide to Stock Market Investing and The 3% Signal, and writes an investing newsletter called […]
The Best Way to Invest in this Cheap Stock Market
Leverage or non-leverage? All at once, or gradually? I answer these and other questions from subscribers looking to take advantage of cheap prices in the stock market. — Jason Kelly is the author of The Neatest Little Guide to Stock Market Investing and The 3% Signal, and writes an investing newsletter called The Kelly Letter. […]
Japan’s Coronavirus Emergency Declaration Was a Mistake
Just when it was time to lead, Japanese Prime Minister Shinzo Abe became a follower of irrational panic. After Japan’s more than two months of successful limited testing for the coronavirus, he bowed to polls showing that 80% of respondents wanted a declaration of emergency. Glued to headlines from around the world and hair-on-fire social […]
Goldman is bearish, so what?
Our first-quarter rebalancing went without a hitch yesterday. We locked arms and held the line. Nobody in our group sells low. By chance, the market rose immediately after we bought. I have since received emails wondering if I think it will be all up from here, that the stock market is already looking ahead to […]





