FED so far has done an astonishing job indeed. They printed trillions and still dollar index is where it was in 1980s Gold is still below 2011 and silver is 50% down. Stocks up through the roof. Employment quite good actually. 700K job losses is nothing but fake news. People are willingly not working.
FED so far has done an astonishing job indeed. They printed trillions and still dollar index is where it was in 1980s Gold is still below 2011 and silver is 50% down. Stocks up through the roof. Employment quite good actually. 700K job losses is nothing but fake news. People are willingly not working.
Already have XLF. Will buy more XLF callo ptions.
Just bought BAC 6 month expiration let’s GOOOOO!
Greg,
I was watching Cathie Wood about the coming changes in the market she sees coming
and she was saying in this dissertation in her March 5, 2021 video that she warned many
financial institutions won't survive the coming changes like banks and investment banks
Under- Volatility, Skepticism, Retail vs Institutional Investors.
She's pretty nerdy looking but her conversations about the markets tends to line up
with new technological break throughs as well as the impact of those technologies
that tend to cause disinflation rather than inflation. Ray Kursweil had similar predictions
on the disinflation technology would cause to the current market and future. Now,
the Fed and others in the "market" considering inflation rising but I think it probably
will end up going up really fast "but" for a shorter duration as the markets begin to
reflect the counter of disinflation forces negating some of the inflation we anticipate
currently. You may see inflation spike for 2-3 months and then it will sputter as consumers
will have to marshal their discretionary dollars into primary needs like food, shelter, medical
protection or care due to that spike or costs in their normal lives at the gas station, super
market, etc.
While the bankers have unlimited levels they can spend, the consumer has only so much
discretionary dollars/income they can put toward things they wish to consume so if your
gas goes to say $3.75 per gallon when it is 2.79 - 2.89 than this draws down consumer
dollars away from other things not necessary or primary need basis. This may not effect
the higher middle class and above as they have a lot of discretionary dollars but certainly
the lower middle class and working class will have to pull back in some areas in order to
get through this critical period of economic realties. This type of disinflation versus inflationary
factors will be at play against each other over time as well as banks pulling back funds when
over heating occurs or increasing funds flow in slow downs. That's what banks and governments
do in those conditions normally. To provide this type of ebb and flow will be a great challenge
to any government or bank though moving forward. That is why this Cathie Wood speaks about
financial institutions falling away through this process of balancing and rebalancing movements.
Greg, no mention of AXP here in your private message.
AXP has taken out the previous low of March 4th.
What is your opinion moving forward. I'm stuck holding this bag of s***.
Been adding to BAC the last couple of days. Let's get it
What companies are these and why does he think they are going up?
XLF 30 day chart does look enticing, market is closed but will check out Monday.
Point taken
what about AXP?
Afc energy is worth looking at if you want a green move but dyor!!
Core positions or just ITM 6 months out
ITM calls I assume