Carl.M.Birkelbach   CarlBis@aol.com

Called by his friends Carl Max. It is easier. After some 30 years of running his own investment company on LaSalle Street in Chicago, Carl has closed his broker dealer Birkelbach Investments Inc and is now retired (for some 10 years now). However, as can be seen by his proclivity, he still enjoys writing about the stock market.  In 1981 Carl was among the few that was calling for a New Bull Market, which Carl forecasted would go from the then 1000 Dow to over a 10,000 Dow. He became known as ‘The Lone Bull.’

Carl was calling for a New Bear Market in his Lone Bear Letters, that began in January 2015 with a Dow of 17,750. He has been wrong, However, he feels this New Bear Market has been delayed because of  the economic blast from the Trump tax cuts to the rich and trillions of dollars in stimulus packages by both Trump and Biden. The federal debt currently exceeds $31 trillion. It’s estimated that it could grow by an additional $10 trillion before 2028. He believes the current level of debt growth debt is unsustainable and many experts agree that the current deficit will have disastrous consequences for the economy in the future.  The app Robinhood has everybody in the market as though it is like playing a video game. In the days before computers, big activity in odd-lot trading (under 1000 share) was always an indicator of a market top. (see new Yorker Magazine 5/17/21 The Big Gamble)  Carl believes an economic disaster is festering along with the collapse of the Middle Class, 40% of which can not to afford to pay their rent.  Unless we make changes now, Carl believe that a financial crisis surprise is about to happen from somewhere (Bank failures, a debt balloon bursts, a 2008 type derivatives disaster, civil war terrorism, global warming events, a Family Funds disaster see NYT 5/20/21).  The average investor has little options to protect themselves except to get out of the market, which they have been trained like Pavlov’s dog to stay in the market for the long term. To quote John Maynard Keynes, “In the long term we are all dead!”Not everybody can wait out a Bear Market.

Carl  continues to write his opinion. Because  he no longer is in the investment industry, he feels that there is a need for an independent voice outside the massive and powerful US financial industry, to warn investors of a view that the regulators and industry would rather have silenced.

Carl is the editor of over 700 Investment Strategy Letters’, the author of a book titled  ‘Investment Strategy For Volatile Markets’, has been quoted nationally in newspapers and magazines, gave over 100 investment seminars throughout the US and has appeared regularly on television and radio. His businesses experience also includes his volunteer work for various community and environmental organizations.  He is founder of RIDE Inc. (Recreation for Individuals Dedicated to the Environment), and CARE Inc (Corporate America Respecting the Environment), co-founder of IMBA (International Mountain Bicycling Association),  co-founder and immediate past president of The Friends of the Forest Preserve, from 2006 to 2014 board member and development chair of The Grant Park Symphony and from 2000 to 2015 a Trustee of Bradley University.

Among the awards Carl received is Bradley’s highest alumni recognition, the Lydia Moss Bradley Award, the Beta Gamma Sigma honor society from the business college, the Outstanding Alumni Award from his High School and was the Honoree for the Friends of the Forest Preserve in 2012. Mr. Birkelbach and his wife Lynda have four children and ten grandchildren. They reside on Michigan Avenue in Chicago and outside of Vail Colorado, providing the opportunity to enjoy the culture of the urban life as well as the outdoor activities of the mountain life.

Birkelbach Corporation.

330 S Michigan Ave. Suite 1712, Chicago IL. 60604

Phone 312 213 1916


Mr Birkelbach does not offer investment advice, but merely his own personal opinion. This report has been prepared from original sources and data we believe reliable but make no representations as to the accuracy or completeness. Mr.Birkelbach , his affiliates and subsidiaries and/or their officers and employees may from time to time acquire, hold or sell a position in securities. Past performance is no guarantee of future success. Upon request, we will supply additional information. CarlBis@aol.com

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