"This is not The Big One" : Totally agree. Have we seen the low yet? Probably not. Will I go short? Probably not. Maybe on Dax30, depending on the chart. Do I look for long opportunities? Definitely.
If you are long stocks, this is a good time to remind everyone about the Wash Rule. If you sell any stock at a loss, then re-buy it further down in price, you will be disallowed the initial loss until you sell out. This may come up if the market takes a breather during the week Shanghai stock market is closed, Feb. 11-17th
Earnings are still coming out in a big way and it doesn’t seem to be exciting Uncle Wall Street. So maybe it is time for that long overdue correction? If we get one, we’ll have to buy into it, because the Fed’s are not going to stop their bond buying stimulus. Let’s see what they do.
Hey Greg. Love your work man. What do you think about r/WallStreetBets possibly taking aim at the manipulation in the silver market (as you've been truthfully calling out) like they did with $GME?
Some sort of hybrid Desert Storm/Iran energy crisis cycle going to happen soon... Covid trance wearing off now..
Not the big one! Watch the 10 year! I have it drilled into me now!! thank you Greg! I added today!
For me Dow looks like 29500 or less ...
"This is not The Big One" : Totally agree. Have we seen the low yet? Probably not. Will I go short? Probably not. Maybe on Dax30, depending on the chart. Do I look for long opportunities? Definitely.
Fed Powell:
Economic path remains highly uncertain.
Economy still far from our goals.
Will not comment on specific companies.
Nine million people remain unemployed. This matches the peak of unemployment during the financial crisis.
Monetary policy has not been a driver in stock prices in recent months.
Monetary policy is not our tool to ensure financial stability.
Rise in inflation in coming months will be temporary.
Will begin regular meetings with Janet Yellen very soon. Have not met President Biden yet.
hey greg is your book only available as an e-book? come on man!!! I need that old school paper back book.
If you are long stocks, this is a good time to remind everyone about the Wash Rule. If you sell any stock at a loss, then re-buy it further down in price, you will be disallowed the initial loss until you sell out. This may come up if the market takes a breather during the week Shanghai stock market is closed, Feb. 11-17th
Earnings are still coming out in a big way and it doesn’t seem to be exciting Uncle Wall Street. So maybe it is time for that long overdue correction? If we get one, we’ll have to buy into it, because the Fed’s are not going to stop their bond buying stimulus. Let’s see what they do.
Thx Greg if if was a 5% drop I would be worried I opened 4 low ball positions today and 1 got filled , these type of corrections are the new normal.
Hey Greg. Love your work man. What do you think about r/WallStreetBets possibly taking aim at the manipulation in the silver market (as you've been truthfully calling out) like they did with $GME?
https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/?sort=confidence