52 Comments
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Guzla's avatar

The banks are driving me nuts. I just also bought more last week to average in sincevit looked like they were about to turn around. I should have just waited for this dip in energy and oil instead🤦 I am not complaining, just pointing out my inexperience in this bear market

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Jim Kostka's avatar

Banks are holding a shit ton of toxic assets.

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Guzla's avatar

Well I am holding a shit ton of toxic assets then🤦😂

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Cognitive Dissonance's avatar

lol.. I'm shorting your toxins!

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Guzla's avatar

There is always someone on the other end of the trade. I am glad it's you😁

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trumpHELL666's avatar

Hahahahaaa! It's a Zero Sum game. 🐱

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Jim Kostka's avatar

Mass layoffs are coming. Consumers can't pay bills with jobs. Banks don't do well in a depression. I'm amazed Greg touted these as core positions.

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Ymarsakar's avatar

Bear market is buying puts or selling covered calls at 95-90% in TM.

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Cognitive Dissonance's avatar

QQQ & DJIA both island topped super hard. That is a foreboding signal indeed.

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trumpHELL666's avatar

I got SPX on my crypto watchlist, but I'm going to have to add the Q's and DOW to it to keep track of the equities markets. I gotta see this island topping on their charts that you are alluding to. Lol. I LOVE CAPITULATIONS! 👍😃😁🤩

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Cognitive Dissonance's avatar

I got out of the crypto last year on the first dead cat bounce w/nice tendies. I would have been shorting..but Kraken changed their rules and I don't trust them enough to keep enough there to short anymore. :( So, now I have to play via shorting the mining stonks...when I'm in the mood and the charts are in my favor.

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Cognitive Dissonance's avatar

Also, DXY is cupping hard. This will collapse many 3rd world countries when it crosses 110+.

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Brook’s Golden State Of Mind's avatar

There is now “some probability “ of a 75 basis-point rate hike in July. Greater than the half point hike officials were considering. Pay attention to all those telltale signs of what’s forming on the horizon just ahead!

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trumpHELL666's avatar

That's right 👍.

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Pan Krys's avatar

DXY and gold rising at the same time :)

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daniel israel's avatar

Great investing advice from your interview with Mike Adams and his investing strategies. His ideas are very good also with buying bonds and stocks! Who is right? Both views are right!

You need another interview with him on Brighteon. MANY THANKS!

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Cognitive Dissonance's avatar

Adams, while sometimes has some good breaking intel... is perma-doomer. Like Schiff, even a broken cloke is right once in a while.

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Paul Figueiredo's avatar

SPY 340 is coming next?

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Ray King's avatar

Good..

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James Hagen's avatar

thanks GM. going to buy more USO stock that could hit 900 with biden and yes it could have with Trump if 2000 mules didn't pull Biden in the white house.

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Cognitive Dissonance's avatar

Same people put him in that put T in, duh.

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trumpHELL666's avatar

What the? I went to sign up for your newsletter and it said "Coming Soon".

Hahahahahahahahahahahaaa 😁😃🤣🤣🤣

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Jim Kostka's avatar

You are so behind the curve it is unbelievable.

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Cognitive Dissonance's avatar

He just doesn't realize how deep in the commie-collapse we are. He thinks TPTB care about re-election but in fact they do not plan on having one. This is their big chance, they are all in.. this is not a correction, it's a controlled demolition. It will be at least 4-5 years before this cup starts making a right side... if ever.

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Jim Kostka's avatar

100% It's just sad that he cost his lions a ton of money. This was beyond obvious.

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Cognitive Dissonance's avatar

Should have made more YTD on energy plays than lost on banks, if you did what he said when he said.

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Cognitive Dissonance's avatar

Glad I re-opened my QID yesterday @ the top of the bar.. Swing indicator threw up a resistance bar just above where I closed it the day before. Also made about 2.5x on 45 minute QQQ long puts this morning. Put that to work on nat gas. PDBC didn't really get the dip, but RJI did yesterday.. re-upped on that. Waiting for big dips on PDBC & PVL before I re-up those.

Oil & gas go rocket... till lockdown 2.0 comes. Heard a rumor it might be around July 4, I'm expecting two weeks after college goes back at the latest.... just before teh chinks invade.

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Pan Krys's avatar

10yr yield climbing fast. MMRI 203

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Ken holtman's avatar

The greater the risk the greater the reward!!!

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Ross's avatar

When I read the subject line in my email that’s says “MMRI is HIGH”, ONE WORD comes into my mind……

“DUHDUHDUHDDDUHDUHDDUHDU!”

Yep, that’s the word.

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Ken (a.k.a. Slats)'s avatar

Looks like a lagging indicator to me. This is a leading indicator -> https://fred.stlouisfed.org/graph/fredgraph.png?g=QpOj MMRI is dog shit.

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Cognitive Dissonance's avatar

That's the same graph with different zoom... MMRI does it's job perfectly, it's your interpretation that is shitty.

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Ken (a.k.a. Slats)'s avatar

Please show me where the MMRI predicted the downturn in stonks. The Monetary Base predicted it to the month.

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Cognitive Dissonance's avatar

Way back when it crossed 100, duh.

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Ken (a.k.a. Slats)'s avatar

But it measures risk, it is not a crash indicator, so says its inventor.

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Ross's avatar

I buy risk and sell for profits🤌🤌🤌

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Cognitive Dissonance's avatar

Precisely, it does it's job perfectly. It's your interpretation that sucks. I feel like I've heard that before..recently, in fact..

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chris kennedy's avatar

thank you - 10 yr yield up 8 bps - watching S&P for the 3837.25 level

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Final Evangelist's avatar

I converted all my stocks to bonds in my 401k last year. Is my bonds safe?

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Cognitive Dissonance's avatar

That's 100% retarded.

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Ross's avatar

I’m sorry to say this but I don’t think 401k’s are safe, let alone how they are allocated….. they are high on the list of assets to be seized if the government turns on the people/ goes into default.….

It’s in the fine print, they have that “right”.

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Peter Buranich's avatar

YEP, MMRI crossed . sold SQQQ, VIXY today. DXY headed higher today, Might get a desent bid on gold and silver next week. Sold all oil yesterday bought it back today

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