I suppose everyone is sitting on the huge losses. Here is something I learnt from experience.
1.
If you want to invest money and you have no conviction on where to invest, what will you do ? You will begin googling looking for experts. Tendency is to lean on someone, invest based on what the expert said and breath a sigh of relief. Damn that expert may be right hand man of JPM who wants to dump on you lol.
Anyway you will find many experts. They are NOT experts but they make money from subscription! Think about it. If they were such great stock pickers, they would be multi billionaire enjoying 7 star resorts somewhere! The life is short. Would they be wasting time running subscription ?
By following them, you believed THEM. Not yourself. If you do not believe in yourself then nobody will believe you. Your investment will not believe you ! If you had no idea where to invest and simply followed some dude, well you will get what you deserve. For example silver is down 50% in last 30 yrs while every expert pumped it. You were better off holding bank fixed rate CD.
I am not even counting countless hours checking silver prices and attacking everyone on message board who called silver a "sell"
2.
Then you will go on message board looking for cheerleaders. You will oppose everyone who does not agree with your investment and get into argument.
Opposite is true. If everyone agrees with your investment, I would sell immediately. If they all disagree with you, thank them and sleep soundly. They will buy from you at higher price and hand you their hard earned cash
3. I have not seen any experts who is right more than 30% ! YUP 30%
However they all begin their newsletter " As I had mentioned multiple times, stocks were supposed to go down ... bla bla bla "
or .. As I had said, tech were looking and lo and behold this rally .. bla bla bla
This is all marketing to gain subscription. Smoke and mirror .. almost always wrong. They may even be on JPM payroll to create liquidity for JPM
I come here because Greg kinda summarizes the news for the day. Which is pure info. I did not buy banks, did not buy crypto. Sold oil at the peak because I think oil will go down as soon as the news comes that the 'economy is slowing' and FED reverts. IMO of course.
In such uncertain times, the basics ... I own silver, it's not what I consider an investment opportunity ..no crypto or banks for me , but I find exceptional comfort listening to Gregs show and appreciate the take away perspectives and love the humore.
I doubt JPM or anyone else is using Greg as you may have implied but there may be shills around that do what you describe.
I think Greg is a wonderful breath of fresh air on a seemingly daunting enviorment of uncertainty and risks.
Also I like him, and my instincts are usually correct about people, animals, and nature.
That does not mean copy his trades, we all have our own risk tollerances and preferences to make the choices our own by factoring it all together.
I think everyone here can do their own due dilligence on top of advice and not feel they need to blame Greg if they followed him without doing their own research , the same with any stock advisor or service.
That's a general comment about tens of thousands of YouTubers. If I thought Greg had ulterior motives I won't be supporting the channel on 1st of month.
The way stocks trade these days, it's obvious to me there are lots of shills. For example, DIA broke 200 DMA, IWM and QQQ broke 50 DMA for a few hours and just then Powell spoke. Is that a coincidence ? I doubt it. So .. that's what the comment was about
I enjoy and look forward to his blog also, one with my coffee and again at the end of the day when I grab a beer and joint to watch the fun wrap up of the day that he provides. I think he needs to add a weekend Comedy of the weeks errors and oddities for Saturday.
It throws off my morning start on his day off...:') have a fun weekend Brook.
Putin has messed their plans up a bit but their agenda is to wipe out USA & all other countries population. Big sh.. who wants to be in control of nothing. Evil minds, all given over.
Greg please address if you still believe that the market is pricing in the rate hikes in your Sunday look ahead talk, if you are inclined. Not seeing evidence that it is being priced in and the banks will not do well if yield curve inverts again. Tech undervalued but not a buy; chips are in trouble this year and not a good play unless you're buying puts. It's not about being right or wrong; it's about lessons that need to be learned. You can't win if you don't know how or when to hedge, how to identify risk on/risk off, and this stuff takes time and market cycles to play out. Look at the Qs. Support has been lost and it's bearish. Buy at 316 or after it sustains 343? These things do matter and you might consider converting technical and fundamental of your picks, whether as trades or long term investments. People can't take advantage of they don't know what they're looking at. I know your intent is to help people. There's more to this whole thing than just giving ticker symbols. Just a thought. Enjoy your weekend.
If you want to know how long we have just look at the state of affairs and us being in an Election year. They need to time this for maximum impact and have the Dark Winter with Food Shortages and Market Disruption if you want to call it that for some type of Lockdowns. They need you to be Vaccinated and Franken Fauci just told us the Chinese lockdowns were to force Vaccination. They are laughing and playing games with all out manipulation so I am thinking Labor day we see things unravel IMO. If you find out where Fauci lives and Powell and so on you can invite yourself in for dinner when shit hits the fan, remember that part ... make their lives a living hell just like they want to make yours and Nancy Pelosi and Joe Biden will have plenty of Ice Cream for the party. Strategically they may even have tunnels at their homes but just be careful ordering pizza and don't think that Elon Musk is not up to something ... do your own research but be prepared to act and not point fingers ???
I found the street addresses for Fauci and his daughters, Megan and Jennifer, on a Telegram channel. I don't know if they're correct, but his is in DC, Megan's in New Orleans, and Jennifer's in Brooklyn. Each of them probably has 24/7 armed security.
please share, If these tools are going to mislead people to their deaths then they need to have equal the Fear and they feel safe as long as they can run to Daddy for cover.
yes, think we will retest lows but maybe bounce off because the fed won't be as aggressive as expected, 10 yr stable, may poss even get some kinda rally in bond mkt?
In this current video did Greg change his stance on interest rates? In the earlier video he was not happy that the FED was not raising rates. In this video, did I hear it right that he was not happy that the FED is raising rates and making it hard for middle class ? Am I hearing it wrong ?
I think raising rate is mathematically not possible without an implosion of gigantic proportion. Cities and state govt , pension funds etc all will go broke even blow up in smoke once a default triggers and causes chain reaction. It will be way bigger than 2008. This will cause mass lay offs. Contractors will be let go the very first day when the panic sets in. There will not be any 2 weeks notice. Most of US employees are independent contractors doing "gigs" Once the chain reaction starts, FED lowering rates to zero will be absolutely ineffective imo. It will do nothing to stop the carnage.
When that happens cryptos will be at zero imo why ? Because non tech sheeple who think crypto is something "huge", will get margin calls and pink slips at work. They will sell cryptos to buy food but no grocery store will honor crypto. So they will sell crypto and alas there will be NO buyer. It will probably go to zero in a straight line.
However hawkish tone will continue until something breaks because as I said all restaurants are so busy that 2 hour wait on weekend is a given. Contrary to the very popular view that the people are suffering, people have way too much money. Nothing is breaking now. Big families going in restaurants celebrating birthdays and what not. Crap service at all restaurants because the crowd is so huge that they don't give a damn about customers at all.
and why you can get the cash out of ATM ? Because somebody else is buying bitcoin and depositing it. Definition of a Ponzi. During the bust , they will all go to ATM at the same time to sell bitcoin and get the King Dollar
You can romanticize but not going to happen. Everybody is on their own.
All those virtuous people that you think exist, will walk past an old person dying on the street with their pet dog in their arms. It's happening now. There are 100s of thousands of homeless in USA alone and who is giving them food ? I bet majority on this board have pet dogs and they spend a fortune on the dogs while they know homeless are hungry. Lets be real and take off rose colored glasses.
Suppose old ugly Albert Einstein , a cute beautifully groomed puppy who is trying to run to you and a 10 yr old son of a terrorist all are starving on the street. You have only one bread that you can't divide. Who will get that bread from you if you know none of them ?
This question has different answers in different countries. What will be the answer in USA, I already know. So get ready by taking off rose colored glasses
> Higher rates to tame red- hot over priced housing market perhaps
Not possible. Check out state and city govt. budget across USA. All run deficit and they can't print dollars. Only can sell bonds. Are you saying they will sell bonds at 20% rate ? Who will buy for less than that ? Look at Illinois. They have no money at all. Negative
Pensions assume like 7% return per year to pay benefits. Go up in smoke ?
Fed govt, running deficits beyond belief and during recession tax revenue will drop 50% and unemployment benefits will rise 400% . Will they issue bonds at 20% ?
Multiple rate hikes but they are toying with the market and changing their tune daily. I think they are just positioning for max pain to affect or even suspend elections so they need to time it properly. Venezuela suspended their elections and it was Lights out London for them. Cover all bases to the best of your ability.
I suppose everyone is sitting on the huge losses. Here is something I learnt from experience.
1.
If you want to invest money and you have no conviction on where to invest, what will you do ? You will begin googling looking for experts. Tendency is to lean on someone, invest based on what the expert said and breath a sigh of relief. Damn that expert may be right hand man of JPM who wants to dump on you lol.
Anyway you will find many experts. They are NOT experts but they make money from subscription! Think about it. If they were such great stock pickers, they would be multi billionaire enjoying 7 star resorts somewhere! The life is short. Would they be wasting time running subscription ?
By following them, you believed THEM. Not yourself. If you do not believe in yourself then nobody will believe you. Your investment will not believe you ! If you had no idea where to invest and simply followed some dude, well you will get what you deserve. For example silver is down 50% in last 30 yrs while every expert pumped it. You were better off holding bank fixed rate CD.
I am not even counting countless hours checking silver prices and attacking everyone on message board who called silver a "sell"
2.
Then you will go on message board looking for cheerleaders. You will oppose everyone who does not agree with your investment and get into argument.
Opposite is true. If everyone agrees with your investment, I would sell immediately. If they all disagree with you, thank them and sleep soundly. They will buy from you at higher price and hand you their hard earned cash
3. I have not seen any experts who is right more than 30% ! YUP 30%
However they all begin their newsletter " As I had mentioned multiple times, stocks were supposed to go down ... bla bla bla "
or .. As I had said, tech were looking and lo and behold this rally .. bla bla bla
This is all marketing to gain subscription. Smoke and mirror .. almost always wrong. They may even be on JPM payroll to create liquidity for JPM
I come here because Greg kinda summarizes the news for the day. Which is pure info. I did not buy banks, did not buy crypto. Sold oil at the peak because I think oil will go down as soon as the news comes that the 'economy is slowing' and FED reverts. IMO of course.
In such uncertain times, the basics ... I own silver, it's not what I consider an investment opportunity ..no crypto or banks for me , but I find exceptional comfort listening to Gregs show and appreciate the take away perspectives and love the humore.
I doubt JPM or anyone else is using Greg as you may have implied but there may be shills around that do what you describe.
I think Greg is a wonderful breath of fresh air on a seemingly daunting enviorment of uncertainty and risks.
Also I like him, and my instincts are usually correct about people, animals, and nature.
That does not mean copy his trades, we all have our own risk tollerances and preferences to make the choices our own by factoring it all together.
I think everyone here can do their own due dilligence on top of advice and not feel they need to blame Greg if they followed him without doing their own research , the same with any stock advisor or service.
Respectfully, LJ
That's a general comment about tens of thousands of YouTubers. If I thought Greg had ulterior motives I won't be supporting the channel on 1st of month.
The way stocks trade these days, it's obvious to me there are lots of shills. For example, DIA broke 200 DMA, IWM and QQQ broke 50 DMA for a few hours and just then Powell spoke. Is that a coincidence ? I doubt it. So .. that's what the comment was about
I understand, no offense intended. :')
I did not take actions on all his stock picks so no need to blame him. Few I did buy but i was planning to buy them anyway eg tech stocks
I'm new to stocks so I copied several of his picks. Do you think he is a good trader?
I don't follow anyone's stock picks. I just know a few he mentioned during podcast but don't know enter exit point for those stocks.
I enjoy and look forward to his blog also, one with my coffee and again at the end of the day when I grab a beer and joint to watch the fun wrap up of the day that he provides. I think he needs to add a weekend Comedy of the weeks errors and oddities for Saturday.
It throws off my morning start on his day off...:') have a fun weekend Brook.
Hahahahahaaaaa 😹😹🤣😂
You have blown it. Admit it.
wish we could go to happy hour now (what we used to do)
Bar's open at my place
Hell no it’s not over. There is bound to be more easy money and I’ve not watched the close market wrap up 😂
Putin has messed their plans up a bit but their agenda is to wipe out USA & all other countries population. Big sh.. who wants to be in control of nothing. Evil minds, all given over.
OVER.
"Sell in May and go away" they say.
I always hold anyway cuz everything is looking good..and then I regret it.
Who's gonna buy in May, especially in the current situation? The early bird already has the worm on this one, my friends.
Levered bear funds are your friend; easy in, easy out & much less risky than options.
We probably need to at least test the March 2020 bottom, imo.
Greg please address if you still believe that the market is pricing in the rate hikes in your Sunday look ahead talk, if you are inclined. Not seeing evidence that it is being priced in and the banks will not do well if yield curve inverts again. Tech undervalued but not a buy; chips are in trouble this year and not a good play unless you're buying puts. It's not about being right or wrong; it's about lessons that need to be learned. You can't win if you don't know how or when to hedge, how to identify risk on/risk off, and this stuff takes time and market cycles to play out. Look at the Qs. Support has been lost and it's bearish. Buy at 316 or after it sustains 343? These things do matter and you might consider converting technical and fundamental of your picks, whether as trades or long term investments. People can't take advantage of they don't know what they're looking at. I know your intent is to help people. There's more to this whole thing than just giving ticker symbols. Just a thought. Enjoy your weekend.
If you want to know how long we have just look at the state of affairs and us being in an Election year. They need to time this for maximum impact and have the Dark Winter with Food Shortages and Market Disruption if you want to call it that for some type of Lockdowns. They need you to be Vaccinated and Franken Fauci just told us the Chinese lockdowns were to force Vaccination. They are laughing and playing games with all out manipulation so I am thinking Labor day we see things unravel IMO. If you find out where Fauci lives and Powell and so on you can invite yourself in for dinner when shit hits the fan, remember that part ... make their lives a living hell just like they want to make yours and Nancy Pelosi and Joe Biden will have plenty of Ice Cream for the party. Strategically they may even have tunnels at their homes but just be careful ordering pizza and don't think that Elon Musk is not up to something ... do your own research but be prepared to act and not point fingers ???
I found the street addresses for Fauci and his daughters, Megan and Jennifer, on a Telegram channel. I don't know if they're correct, but his is in DC, Megan's in New Orleans, and Jennifer's in Brooklyn. Each of them probably has 24/7 armed security.
please share, If these tools are going to mislead people to their deaths then they need to have equal the Fear and they feel safe as long as they can run to Daddy for cover.
Anyone can search on Telegram and find this information, so it amounts to public information. Again, I have no idea if it's accurate.
Anthony Fauci 4323 Hawthorne St NW, Washington, DC
daughter Megan 2136 Cadiz St, New Orleans, LA
daughter Jennifer 537 Park Pl. #2 Brooklyn, NY
Thank you Greg 😎
have a great weekend
yes, think we will retest lows but maybe bounce off because the fed won't be as aggressive as expected, 10 yr stable, may poss even get some kinda rally in bond mkt?
Is he REALLY going to get aggressive with rates this year? 🤔
In this current video did Greg change his stance on interest rates? In the earlier video he was not happy that the FED was not raising rates. In this video, did I hear it right that he was not happy that the FED is raising rates and making it hard for middle class ? Am I hearing it wrong ?
I don't know. Don't have time to watch the video.
I think raising rate is mathematically not possible without an implosion of gigantic proportion. Cities and state govt , pension funds etc all will go broke even blow up in smoke once a default triggers and causes chain reaction. It will be way bigger than 2008. This will cause mass lay offs. Contractors will be let go the very first day when the panic sets in. There will not be any 2 weeks notice. Most of US employees are independent contractors doing "gigs" Once the chain reaction starts, FED lowering rates to zero will be absolutely ineffective imo. It will do nothing to stop the carnage.
When that happens cryptos will be at zero imo why ? Because non tech sheeple who think crypto is something "huge", will get margin calls and pink slips at work. They will sell cryptos to buy food but no grocery store will honor crypto. So they will sell crypto and alas there will be NO buyer. It will probably go to zero in a straight line.
However hawkish tone will continue until something breaks because as I said all restaurants are so busy that 2 hour wait on weekend is a given. Contrary to the very popular view that the people are suffering, people have way too much money. Nothing is breaking now. Big families going in restaurants celebrating birthdays and what not. Crap service at all restaurants because the crowd is so huge that they don't give a damn about customers at all.
I've used my crypto to buy stuff at Amazon for the last two weeks and go shopping in the grocery store AND get cash out of the ATM.
and why you can get the cash out of ATM ? Because somebody else is buying bitcoin and depositing it. Definition of a Ponzi. During the bust , they will all go to ATM at the same time to sell bitcoin and get the King Dollar
?
You can romanticize but not going to happen. Everybody is on their own.
All those virtuous people that you think exist, will walk past an old person dying on the street with their pet dog in their arms. It's happening now. There are 100s of thousands of homeless in USA alone and who is giving them food ? I bet majority on this board have pet dogs and they spend a fortune on the dogs while they know homeless are hungry. Lets be real and take off rose colored glasses.
Suppose old ugly Albert Einstein , a cute beautifully groomed puppy who is trying to run to you and a 10 yr old son of a terrorist all are starving on the street. You have only one bread that you can't divide. Who will get that bread from you if you know none of them ?
This question has different answers in different countries. What will be the answer in USA, I already know. So get ready by taking off rose colored glasses
The cute puppy who is running to me. Eeeeeeeeeeheheheheheeee! 👍😆😄😃😁🤓🤣
> Higher rates to tame red- hot over priced housing market perhaps
Not possible. Check out state and city govt. budget across USA. All run deficit and they can't print dollars. Only can sell bonds. Are you saying they will sell bonds at 20% rate ? Who will buy for less than that ? Look at Illinois. They have no money at all. Negative
Pensions assume like 7% return per year to pay benefits. Go up in smoke ?
Fed govt, running deficits beyond belief and during recession tax revenue will drop 50% and unemployment benefits will rise 400% . Will they issue bonds at 20% ?
mathematical impossibility
Throwing spaghetti at the wall ???
Multiple rate hikes but they are toying with the market and changing their tune daily. I think they are just positioning for max pain to affect or even suspend elections so they need to time it properly. Venezuela suspended their elections and it was Lights out London for them. Cover all bases to the best of your ability.