No issues with GM, generally. But it’s reactive to wise up only now to interest rate risk. Could/should have avoided/reduced exposure weeks ago; it was evident where this was going. Avoid further damage – it’s coming – by paring/eliminating/hedging exposures to interest rate moves.
As to precious metals and cryptos, directionally, GM is right. But, one always must evaluate one’s own circumstances and degree of exposure warranted. PMs have been hit, just as in spring 2020; they’re likely to recover big-time in due course ... for those able to weather the storm created by panic rush from stocks to safety.
"But it’s reactive to wise up only now to interest rate risk. Could/should have avoided/reduced exposure weeks ago..." No, MONTHS ago... It was clear by the middle of April that the M1 was flat and that the Monetary Base was contracting. Ignore these monetary measures at your own peril. IMO, the MMRI is reacting to what the Fed has already done.
I’ve been in a commodity purchasing posture for the better part of 40 years Greg. I call it hedging and putting away for the rainy day. The 3 G plan. God, Gold (Silver) & Guns but no longer a Get away plan like Gerald Celente talks about. Where am I going to go at 75?. I’m not vaxed. I refuse to wear a mask. I can’t even visit my pals in Canada! I’ve pretty much eased out of the market. Just play money from here on out. When are you gonna be on Barrel Buddies again? I still enjoy a fine libation from time to time. Booze is always a good investment in Rocky times! Unless of course you’re a party pooper. 🍻 Salude!
No jab, no mask, difficulties to travel ... same here. Where to go?, ... same here. Am leaving the city soon, will join the country. Am also prepared to emigrate 'from one day to another'. To be honest, there is little point, because the same problems are waiting worldwide.
GM always says when the 10 yr yield spikes, it's time to head for the hills. I thought that meant sell all your stocks before the 80% meltdown. I understand keeping solid positions in commodities, but how about selling stocks like BAC, IBM, MO, KO, etc? Why is GM still holding these if the meltdown is upon us?
Damn, I gotta download today's two videos, but my wifi turned slow as hell on me. It will take two DAYS to download 2 videos. Yeah, that slow. Hahahahahahahahahahahaaa 😁
Gotta call the wifi man to see wtf is going on. 👍😃
So grateful for you Greg! I mean that with all my heart. It’s amazing how this is unfolding !!! I’ve been listening a long time . Great teacher!!! Love you lots and so grateful!!! This is going to be tough !!!!
Rich dad poor dad R. K. recommends investing in canned tuna! Not kidding.
Talk is seeping out about 75 rate hike this week but I thought it was going to be raised to 75 in July . Soooo I think one needs a little chunk of cash in reserve and buttered popcorn!
Omg now there’s talk of extreme 100 points rate hike on Wednesday. Possibly a volcker moment!
He needs to reverse all of his BBB Green Energy BS and lift ALL Russian sanctions. He is at war with the American people, not Russia. Same with the EU.
Since he is not mentally in charge, "he" doesn't know anything other than what is fed to him. The "military industrial complex" would love another war. They usually initiate one when the economy gets bad. Surprised it is not already happening
If the Fed doesn't do something to combat inflation it will destroy the stock market. When the Fed takes action to reduce inflation it will destroy the stock market.
This is exactly what GM ... and many investment sources I follow ... have said for weeks-months. Having caused inflation with boatloads of money creation ... with additive fiscal stimulus now finished, the Fed now has no tool other than to smash demand. It is doing so via the financial markets.
Inflation (increasing the Monetary Base) is bullish for stocks. They are doing something to fight inflation, the Monetary Base has contracted. I've been on here for a while now warning the QT deniers.
What the "QT deniers" know that you may not, is what they are doing is deliberately creating a new crisis so that they can have a reasonn to turn the printers back on. They can't just perform extraordinary monetary measures indefinitely. The Fed has been destroying the dollar and creating massive inflation since 1913, and it's not about to stop now (until the hyperinflation and final collapse finally hits).If you follow Greg, you should already know all of this.
The Fed is between two rocks and a hard place. The equity markets are (still) too overvalued. Interest rates are ridiculously low given the rocketing inflation, which is also being driven supply issues. Just spitballing but here's a hypothetical scenario which might check all the boxes: The Fed shocks the market on Wednesday with a 100bps hike, but more importantly, a projection of say 4-5% by year end. Which will slow inflation a bit but will have the SM rolling on the floor like a pentecostal. Then when the S&P is somewhere in the low 2000's. The Fed pops out like a jack-in-the-box and announces a "temporary" hold-off on hikes. Then miraculously, a peace agreement appears for the Rus-Ukr war (of which Biden will take credit). By that time China is done with restrictions and it's back to work overtime (the norm for Chinese workers). Which eases supply issues and projected supply chain worries. DXY is strong and.... we back in bidness...just in time for the mid-terms.
Anything is possible at this point. They are saying that with what happened today, a 50bp hike will be seen as too dovish, and if that happens the market could bounce short term.
They are an institution of liars and theives determined to create a two tier society by exterminating the middle class. It's only taken just over 100 years to accomplish.
No issues with GM, generally. But it’s reactive to wise up only now to interest rate risk. Could/should have avoided/reduced exposure weeks ago; it was evident where this was going. Avoid further damage – it’s coming – by paring/eliminating/hedging exposures to interest rate moves.
As to precious metals and cryptos, directionally, GM is right. But, one always must evaluate one’s own circumstances and degree of exposure warranted. PMs have been hit, just as in spring 2020; they’re likely to recover big-time in due course ... for those able to weather the storm created by panic rush from stocks to safety.
"But it’s reactive to wise up only now to interest rate risk. Could/should have avoided/reduced exposure weeks ago..." No, MONTHS ago... It was clear by the middle of April that the M1 was flat and that the Monetary Base was contracting. Ignore these monetary measures at your own peril. IMO, the MMRI is reacting to what the Fed has already done.
Agree
I’ve been in a commodity purchasing posture for the better part of 40 years Greg. I call it hedging and putting away for the rainy day. The 3 G plan. God, Gold (Silver) & Guns but no longer a Get away plan like Gerald Celente talks about. Where am I going to go at 75?. I’m not vaxed. I refuse to wear a mask. I can’t even visit my pals in Canada! I’ve pretty much eased out of the market. Just play money from here on out. When are you gonna be on Barrel Buddies again? I still enjoy a fine libation from time to time. Booze is always a good investment in Rocky times! Unless of course you’re a party pooper. 🍻 Salude!
Sometimes it's good to ease out of the market to let it settle down and see where the MM's want to take it before committing capital.
Otherwise it could be "Whipsaw City".
Eeeeeeheheee! 😂😁
He was on Barrel Buddies a couple of weeks ago but they didn't save the live video. It sucks!!
Thanks. It does suck.
No jab, no mask, difficulties to travel ... same here. Where to go?, ... same here. Am leaving the city soon, will join the country. Am also prepared to emigrate 'from one day to another'. To be honest, there is little point, because the same problems are waiting worldwide.
GM always says when the 10 yr yield spikes, it's time to head for the hills. I thought that meant sell all your stocks before the 80% meltdown. I understand keeping solid positions in commodities, but how about selling stocks like BAC, IBM, MO, KO, etc? Why is GM still holding these if the meltdown is upon us?
I still don't see a meltdown. Think it is time to buy not time to sell.
https://www.seasonalcharts.de/img/DEKADE-ZYKL/DJ100J.GIF
It's FUN watching MM games. S&P futures moving higher overnight.
This is basically what I posted over a month ago.
If the market bleeds out substantial sums prior to debt market collapse, it’s not providing any edge.
Good question.
Damn, I gotta download today's two videos, but my wifi turned slow as hell on me. It will take two DAYS to download 2 videos. Yeah, that slow. Hahahahahahahahahahahaaa 😁
Gotta call the wifi man to see wtf is going on. 👍😃
I don't think I've ever seen a HUGE double gap down like this in the S&P-500 before.
S&P-500 Daily Chart:
https://docs.google.com/document/d/1hiY4eSDvN4WulPkxmm84g7Px9LJS2of5uEdtk9WNIsE/edit?usp=drivesdk
So grateful for you Greg! I mean that with all my heart. It’s amazing how this is unfolding !!! I’ve been listening a long time . Great teacher!!! Love you lots and so grateful!!! This is going to be tough !!!!
Rich dad poor dad R. K. recommends investing in canned tuna! Not kidding.
Good survival food.
Talk is seeping out about 75 rate hike this week but I thought it was going to be raised to 75 in July . Soooo I think one needs a little chunk of cash in reserve and buttered popcorn!
Omg now there’s talk of extreme 100 points rate hike on Wednesday. Possibly a volcker moment!
Thanks Greg. It's time for God's Black Swan event this year. 2022, the Golden Age requires a burn down first.
No problem on the bank call, I followed my intuition instead ; )
https://www.zerohedge.com/markets/biden-admin-quietly-urging-companies-purchase-russian-fertilizer
He needs to reverse all of his BBB Green Energy BS and lift ALL Russian sanctions. He is at war with the American people, not Russia. Same with the EU.
Putin: For enemies of Russia, pressure will increase.
Since he is not mentally in charge, "he" doesn't know anything other than what is fed to him. The "military industrial complex" would love another war. They usually initiate one when the economy gets bad. Surprised it is not already happening
If the Fed doesn't do something to combat inflation it will destroy the stock market. When the Fed takes action to reduce inflation it will destroy the stock market.
"It's Happening!!!" - Ron Paul
So,either way the stock market is destroyed.
yup
This is exactly what GM ... and many investment sources I follow ... have said for weeks-months. Having caused inflation with boatloads of money creation ... with additive fiscal stimulus now finished, the Fed now has no tool other than to smash demand. It is doing so via the financial markets.
Inflation (increasing the Monetary Base) is bullish for stocks. They are doing something to fight inflation, the Monetary Base has contracted. I've been on here for a while now warning the QT deniers.
What the "QT deniers" know that you may not, is what they are doing is deliberately creating a new crisis so that they can have a reasonn to turn the printers back on. They can't just perform extraordinary monetary measures indefinitely. The Fed has been destroying the dollar and creating massive inflation since 1913, and it's not about to stop now (until the hyperinflation and final collapse finally hits).If you follow Greg, you should already know all of this.
Buy the crash!
You're 75 years old with 40 years of experience yet you're telling people to catch a falling knife? What's wrong with you?
Goldman is recommending to switch from growth to value after growth is has crash 75% haha .ooh wuao
Take Profit DAX Call @ 13,555
President-Elect Zio15 hr ago
Am germanDAX long @13,419
…
Take profit @ 13,555 / + 6.7 %
Wanna see about 13,300 now to buy again for a bigger upmove.
The Fed is between two rocks and a hard place. The equity markets are (still) too overvalued. Interest rates are ridiculously low given the rocketing inflation, which is also being driven supply issues. Just spitballing but here's a hypothetical scenario which might check all the boxes: The Fed shocks the market on Wednesday with a 100bps hike, but more importantly, a projection of say 4-5% by year end. Which will slow inflation a bit but will have the SM rolling on the floor like a pentecostal. Then when the S&P is somewhere in the low 2000's. The Fed pops out like a jack-in-the-box and announces a "temporary" hold-off on hikes. Then miraculously, a peace agreement appears for the Rus-Ukr war (of which Biden will take credit). By that time China is done with restrictions and it's back to work overtime (the norm for Chinese workers). Which eases supply issues and projected supply chain worries. DXY is strong and.... we back in bidness...just in time for the mid-terms.
Anything is possible at this point. They are saying that with what happened today, a 50bp hike will be seen as too dovish, and if that happens the market could bounce short term.
What a complete mess, I’m not sure what happens next.. I will watch the ten year tomorrow and get more clarity on this situation.
All the QT deniers are gone now. It took nearly 7 months. Never assume the Fed is lying.
Assume they are always lying!
They are an institution of liars and theives determined to create a two tier society by exterminating the middle class. It's only taken just over 100 years to accomplish.
Am germanDAX long again @13,335
Target @ about 13,800
No weapon formed against you shall prosper Greg! You are a blessing to so many!
Today's wsj shows buying/selling by sector....as of Friday energy was selling 30:1....transportation buying 2:1