Hi Greg : What you have done by developing the MMRI is fantastic for Risk, but won't it be equally nice to have a potential Crash Indicator as well. What goes up Must Come Down.
Here is my take on that. I would rather quantify risk then weigh that against the current situation. Moreover, I am not even sure that a true "crash" indicator can actually work to pinpoint these kinds of events. There are too many moving parts.
Hi Greg : Yes you are right there are many moving parts for a Crash Indicator, but it would show a Warning that a Bubble/s may burst, it can not tell us when, but makes us more aware and provides more caution may be warranted.
Hi Greg. Wonder what you think about Tom Lee addressing concerns about the rising 10 year yield. Would love your thoughts. It’s at the end of this short cnbc interview.
yep i had issues with the bank trade too. bought credit spreads when greg first alerted, and they're still underwater. there is a lot of skill required to profit in these markets, even with a good sector/stock picker like greg.
I have no doubt in my mind that Greg’s bank stock picks that I’ve bought will go higher going forward so I’m glad I’ve got them. I just don’t have enough of any of them nor do I have the capital to get into credit spreads or anything. You definitely have to know what you’re doing as far as options are concerned or it can be very bad.
To Greg and followers, are you buying the banks to hold or short term trade? At this point i'd consider the banks now as traders not growth, therefore I personally I am trading weekly based on established short term trading patterns. Interesting to know your perspectives!
It’s unfortunate that to stay ahead of inflation investing in the corporations like the banks that were bailed out with taxpayer money after the subprime mortgage fiasco is recommended.
Sounds like the banks are banking on the feds raising interest rates, and are pricing them in.
Indeed Sir... you are correct.
I thought if the FED raised rates it would make the debt of the U.S. more expensive to service. No?
Hi Greg : What you have done by developing the MMRI is fantastic for Risk, but won't it be equally nice to have a potential Crash Indicator as well. What goes up Must Come Down.
Here is my take on that. I would rather quantify risk then weigh that against the current situation. Moreover, I am not even sure that a true "crash" indicator can actually work to pinpoint these kinds of events. There are too many moving parts.
Hi Greg : Yes you are right there are many moving parts for a Crash Indicator, but it would show a Warning that a Bubble/s may burst, it can not tell us when, but makes us more aware and provides more caution may be warranted.
Fed Balance Sheet grew again last week by 13 billion to an all time high . Taper ? hah
Banks are RIPPING HIGHER!!! Thanks Greg!!!
Despite the MMRI now over 114?
Yes. We have to trade the market we have even with risk rising. We also stay hedged.
Hi Greg. Wonder what you think about Tom Lee addressing concerns about the rising 10 year yield. Would love your thoughts. It’s at the end of this short cnbc interview.
https://www.cnbc.com/video/2022/02/04/this-is-a-treacherous-time-for-markets-but-the-underlying-economy-still-looks-strong-says-tom-lee.html
I’ve got to stop buying these bank stocks one at a time, only problem is that I don’t have a lot of money to spend all at once
yep i had issues with the bank trade too. bought credit spreads when greg first alerted, and they're still underwater. there is a lot of skill required to profit in these markets, even with a good sector/stock picker like greg.
I have no doubt in my mind that Greg’s bank stock picks that I’ve bought will go higher going forward so I’m glad I’ve got them. I just don’t have enough of any of them nor do I have the capital to get into credit spreads or anything. You definitely have to know what you’re doing as far as options are concerned or it can be very bad.
And I agree with you…all politicians are scum.
To Greg and followers, are you buying the banks to hold or short term trade? At this point i'd consider the banks now as traders not growth, therefore I personally I am trading weekly based on established short term trading patterns. Interesting to know your perspectives!
It’s unfortunate that to stay ahead of inflation investing in the corporations like the banks that were bailed out with taxpayer money after the subprime mortgage fiasco is recommended.
Say Greg, I was wondering about buying some of the banks, what do you think around here?
Anyone using TradingView. You can use it for free.
I just figured out how to watch the MMRI in real time.
In the Search bar, simply type "TVC:DXY*TVC:TNX/1.61".
MMMRI could be set up as well I think.
Can set alerts! See historical MMRI.
Greg's site (https://traderschoice.net/about-traders-choice/) still the best place to check it, but hope he doesn't mind me posting this.
Thanks GM, I bought a couple more bank stock yesterday. 😎
bought GS $341 and added more BP