Lions, last Thursday the 23rd I told you to “buy the banks,” especially JPM and GS. Today these stocks have taken off.
IMO we need to take on more risk and more exposure to the major banks.
ALSO.. START PAYING MORE ATTENTION TO THIS…
The MANNARINO MARKET RISK INDICATOR. This is based on a range from 50-400. You Arrive At A Number Within This Range by Taking The DXY and Multiplying That By The 10yr Yield, Then Dividing That Number By 1.61 Today That Number Stands At Near 86, Which Is A Low Number. A Low Number Means We Should Be Taking On Risk In Stocks- Owning Them. A High Number Means We Need To Minimize Risk.
GM
I followed your call when you announced it it last week, i got in at 159
In cryptos and metals for quite awhile, bought your book and have been studying, however, don't feel I've learned enough to dive in just yet. Oh, your book is fantastic, the material you cover blows my mind it's that good.