Michael Lombardi, MBA

Michael Lombardi founded investor research firm Lombardi Publishing Corporation in 1986. Michael is also the founder of the popular daily e-letter, Profit Confidential, where readers get the benefit of Michael’s years of experience with the stock market, real estate, economic forecasting, precious metals, and various businesses. Michael believes in successful stock picking as an important wealth accumulation tool.

Michael has authored more than thousands of articles on investment and money management and is the author of several successful investing publications, including The Lombardi Letter for Wealth Preservation and Growth, Michael’s Monday Morning Profit Forecaster, Investing with Michael, Fountain of Money and Lombardi’s Crisis Profit Alert.

Michael has been widely recognized as predicting five major economic events: In 2002, he told his followers to get into gold; he told them to get out of the housing market in 2006; he predicted the recession of late 2007; he warned readers to get out of stocks in the fall of 2007; and he advised readers to get back into stocks in March 2009.

Married with two children, Michael received his Chartered Financial Planner designation from the Financial Planners Standards Council of Canada and his MBA from the Graduate Business School, Heriot-Watt University, Edinburgh, Scotland.

Get to know Michael…

What was your very first investment?

I bought my first stock when I was just 17 years old. Unfortunately, I quickly saw my $2,000 of hard-earned savings from summer jobs dwindle down to $1,000. Needless to say, I was determined not to lose money on a stock again.

How did you come to be so successful in investing?

After losing half of my first investment at 17, I started researching the market intensely. There was no Internet back then, so I read every book I could find on the topic and took every course I could afford. It didn’t take long for me to start making money with stocks, and that led me to launch a newsletter on the stock market.

How did you come to write Profit Confidential?

Back in 2001, I started a daily e-letter on the economy and the stock market—that was Profit Confidential. At first, I would send my daily “rant” to my colleagues and customers of Lombardi Publishing Corporation. As the popularity of Profit Confidential grew, I brought in two senior investment analysts, George Leong, B.Comm., and Mitchell Clark, B.Comm., to expand the breadth of Profit Confidential, along with guest economic opinion pieces from analysts affiliated with Lombardi Publishing. Today, daily circulation of Profit Confidential is in excess of 400,000.

Michael Lombardi's Articles

If things weren’t bad enough for the stock market here in 2016, the Brexit could bring down the S&P 500 by 40%. Even before the Brexit, U.S. corporate earnings were outright collapsing. S&P 500 earnings have been declining for four consecutive quarters—since the second quarter of 2015. And…

Negative interest rates (which mean you are paying a bank or government to hold your money instead of them paying you) are coming to North America and with that, gold prices could soar. So far, 2016 has already been a banner year for gold prices. In fact, gold…

Three economic indicators I pay close attention to are all suggesting we are headed toward, or are already in, a recession. The first recession indicator is the employment data. For May, the Bureau of Labor Statistics reported that the U.S. economy added 38,000 jobs—the least amount of jobs…

The biggest buyer of stocks is now pulling back. I’m talking about public companies and their billion-dollar stock buyback programs. After years of record stock buybacks, companies are now pulling back on this controversial and artificial share price support system. This gives credence to my belief that a…

Dear reader, after 30 years of studying the stock market, I’ve rarely seen stocks at such high valuations in relation to the economic environment that prevails. As you will read below, corporate earnings have been collapsing for four (soon to be five) consecutive quarters and insiders are falling…

Yesterday, we learned the U.S. economy grew at only half a percent in the first quarter of this year—its worst performance in two years. Truth be told, dear reader, the U.S. economy is already in a recession with many economic indicators confirming this. Let’s start with a chart…

Silver has been one of the best-performing investments of the year, up a whopping 23.6% so far. Pay close attention to silver prices, dear reader. I believe the gray metal will continue to rise in price right through 2016. As the chart below of daily silver prices illustrates,…

Those still bearish on gold prices need to take the time to pause and reflect. That’s because the yellow metal could be setting up to reward investors big-time this year. Before going into details, please look at the daily gold price as depicted in the chart below. Pay…

A stock market crash occurs when the underlying fundamentals of the economy and corporate earnings are tormented at the same time. Unfortunately, that is what is happening right now. Starting with corporate earnings, in the first quarter of 2016, S&P 500 companies are expected to report a decline…

The worldwide collapse in government and corporate bond prices could result in gold prices rising substantially in the years ahead. The yields on long-term bonds currently sit at the lowest level since the 1950s. Here’s the kicker: they could go lower. Why? Thanks to central banks around the…

Who or what is supporting today’s stock prices? Well, it’s not retail investors. As mentioned in these pages earlier this week, retail investors have withdrawn $17.0 billion from stock mutual funds in the past two months! And institutional investors aren’t buying stocks either, as they have been selling…

The following are four reasons why I believe the stock market will crash in 2016. There are many other reasons why stocks could fall this year, but I see these as the most important, as the odds of a stock market crash in 2016 continue to mount each…

Is it just me? Am I the only one to notice that the more Donald Trump becomes a serious contender for president, the higher gold prices go? Well, that’s exactly what has been happening. Today, I’ll tell you why I think the two are connected. The other contenders…

It looks like the U.S. economy is already in a recession, according to these indicators. The Institute of Supply Management’s Manufacturing Purchasing Managers’ Index (PMI) has been below 50 since October of 2015. Any reading on the PMI below 50 suggests a contraction in the manufacturing sector of…

The stock market has three major factors working against it here in early 2016. Corporate revenue and earnings are contracting, the smart money is ditching stocks, and technical analysis has turned outright bearish on stocks—this could all lead to a stock market crash in 2016. Let’s start this…

This may be a bold prediction, but it shouldn’t be overlooked: the Dow Jones Industrial Average could drop to 12,500. That’s about 20% below where it currently stands. As you may have read in these pages before, my prediction is that the Dow Jones will retreat to halfway…

Last week we heard that the Bank of Japan became the fourth major central bank to embark on the path of the unknown world of negative interest rate policies. The goal of a negative interest rate policy is to boost lending by commercial banks, which in turn is…

With one month already behind us, moving further into 2016, the U.S. housing market looks like it’s on shaky ground. This could be the year when home prices decline—for the first time since 2011. Let me make my point very clear: I don’t expect the U.S. housing market…

The U.S. jobs market is fundamentally tormented. The job numbers look great on the surface but underneath, there are major problems. According to the U.S. Bureau of Labor Statistics, the U.S. unemployment rate declined from 5.7% in January of 2015 to just 5.0% in December 2015. (Source: Bureau…