S&P 500 new ATH today I think that is 55+ new ATHs this year. Fun fact when the S&P 500 makes over 50 new ATH in one year the next year is negative by an average of 6% enjoy it while it lasts because I am.
Hey Mike just like in the Olympics....silver always comes in second place to gold. The gold to silver ratios have not reverted back to the mean in quite some time. How can gold continue to skyrocket while silver remains stagnant?
Hi Mike - back several wks ago you took a short position on usa markets. Any update can share - still holding this position? With this position wondering - did do on 2 or 3 x leverage? Maybe from your outlook per video here as usa in trouble and the moon boys pushed markets to even more higher extreme level you to short markets even more?
Just holding up the mag stocks is all they are doing. XLF, IYT, IWM and SMH all looking crappy on the short term as the SPY and QQQ go higher. The underbelly of the market is also melting. More S&P 500 stocks in short term down trends 3ema/8ema crossover with price below both. This why I don't pay attention to the indexes. I don't care what 7 stocks are doing if 493 of them are weak. Market indexes are worthless they don't tell you the health of the stock market at all.
As someone who is not in the investment class, I still listen to you daily just so I can best understand how the rich keep the gap between me (working to make viable goods) and them (sitting at home). Maybe one day I will be the man sitting home and the younger people will support me. But, if you stop moving, you die, so I'm in no hurry to be "rich". I'm content being actually useful cog in society. Hoody hoo!
Not all "things" are the same. Given static incomes, skyrocketing costs for the necessities lead to plummeting costs in the not-as-necessary things like "nice" cars and "nice" housing.
Not a bitcoin bull but it will eventually hit 250k. The issue with bitcoin is that it has no use except it is kinda internet gold; but has zero utility. It will be at 0 in a century. XRP is the real deal; at least quadruple digits in a decade and has tons of utility.
@pablo81778 now you sound like someone with critical thinking capabilities. BTC was a brilliant FIRST ITERATION of an idea. It will not last. There are already improvements on it. Why do you like XRP?
I'll never regret voting Trump but I knew a good third of the things he would do would be idiotic. He's getting off to a good start by jawboning digital air.
@@stockmarketgambler3335 Yes this distinction is hard for people living today to understand. Gold is the best money of all time, and I doubt digits on a screen will ever take its title. Cryptocurrencies have the makings to be the best currency--what we actually use to trade in daily transactions--but if it's not backed by gold, prices and markets will continue to warp.
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Thank you Mike for great reporting. 10 Million US homeowners cannot obtain home insurance. This looks scary.
It is scary. Have a great weekend.
Awesome Video today 👌 Tall Mike Talks Truth while the Moon 🌙Fools don't know s...t😢Thanks TM
Appreciate that. Have a great weekend.
It's going to be a rough ride coming down from the moon. Have a good weekend. Watching from cape coral fl
Love it. Have a great weekend.
I wish u were rite...😢😢🎉❤
I hope I am wrong.
S&P 500 new ATH today I think that is 55+ new ATHs this year. Fun fact when the S&P 500 makes over 50 new ATH in one year the next year is negative by an average of 6% enjoy it while it lasts because I am.
Interesting. Thanks for the comment.
Hey Mike just like in the Olympics....silver always comes in second place to gold. The gold to silver ratios have not reverted back to the mean in quite some time. How can gold continue to skyrocket while silver remains stagnant?
Silver will go and at some point the ratio will be 15 to 1 again. Have a great weekend.
TM making Friday complete with some generational wisdom!
love it. Have a great weekend.
Thanks for watching.
Hi Mike - back several wks ago you took a short position on usa markets. Any update can share - still holding this position? With this position wondering - did do on 2 or 3 x leverage? Maybe from your outlook per video here as usa in trouble and the moon boys pushed markets to even more higher extreme level you to short markets even more?
I took that off for a small profit. I anticipated this run up. I am looking to short again soon. Have a great weekend.
Nobody should be "hating" on an opinion Tall Mike. Sad reflection of our deviant/chaos society.
So true. I appreciate the comment. Hope you have a great weekend.
Mike what about you QQQs shorts? How much did you lose?
If you watch regularly you would know that I took them off for a profit and am waiting to get back in. Thanks for watching.
Hi,,I'm a youtube SEO specialist with 4 years of experience. I follow your video for a long day.
When will it crash ? What date do you think? 😮😮
If we knew that we would be rich. Thanks for watching.
Like my best friend builds guns in his shed he also makes gold.
Out of what?
Just holding up the mag stocks is all they are doing. XLF, IYT, IWM and SMH all looking crappy on the short term as the SPY and QQQ go higher. The underbelly of the market is also melting. More S&P 500 stocks in short term down trends 3ema/8ema crossover with price below both. This why I don't pay attention to the indexes. I don't care what 7 stocks are doing if 493 of them are weak. Market indexes are worthless they don't tell you the health of the stock market at all.
IWM may have already topped. It is not going up with the others. Have a great weekend.
As someone who is not in the investment class, I still listen to you daily just so I can best understand how the rich keep the gap between me (working to make viable goods) and them (sitting at home).
Maybe one day I will be the man sitting home and the younger people will support me. But, if you stop moving, you die, so I'm in no hurry to be "rich". I'm content being actually useful cog in society.
Hoody hoo!
A useful cog is a good thing. Have a great weekend.
Sheep always get slaughtered tall, Mick.... It's not a pretty sight. But, its the law of nature. 😆 🤣 😂 😹
True. Have a great weekend.
Appreciate the comment. Thanks for watching . Enjoy the weekend.
Thanks, you too!
First 😮
Yes!
The higher inflation, the cheaper things will become, right Mike?
Compared to gold and silver you would be correct. Thanks for watching.
Not all "things" are the same. Given static incomes, skyrocketing costs for the necessities lead to plummeting costs in the not-as-necessary things like "nice" cars and "nice" housing.
@ free luxury cars and homes for everyone! Yay!!!
Not a bitcoin bull but it will eventually hit 250k. The issue with bitcoin is that it has no use except it is kinda internet gold; but has zero utility. It will be at 0 in a century. XRP is the real deal; at least quadruple digits in a decade and has tons of utility.
Bitcoin could hit 10 million if people are stupid enough. Thanks for watching.
@pablo81778 now you sound like someone with critical thinking capabilities. BTC was a brilliant FIRST ITERATION of an idea. It will not last. There are already improvements on it. Why do you like XRP?
Powell said bitcoin replaced gold as a speculative asset. And Trump said we should thank him for the $100,000 price tag.
Yes, they are both bitcoin hero's. Thanks for watching.
I'll never regret voting Trump but I knew a good third of the things he would do would be idiotic. He's getting off to a good start by jawboning digital air.
Currency is whatever people believe it is
That's exactly what lazy people say
Currency is but money is only gold and silver. Thanks for watching.
@@stockmarketgambler3335 Yes this distinction is hard for people living today to understand. Gold is the best money of all time, and I doubt digits on a screen will ever take its title. Cryptocurrencies have the makings to be the best currency--what we actually use to trade in daily transactions--but if it's not backed by gold, prices and markets will continue to warp.
Those countries that send dollars to the USA, will they want anything in return for those dollars? What will they get?
They will buy up anything if the dollar still has purchasing power left. It will drive inflation higher. Thanks for watching.
The market going to crash also .
I think it will. Thanks for the comments.
Trump put a stop to da briks
Don't think so. Time will tell.
I love the “but Mike” commentary… cracks me up every time because it sounds just like the delusional rebuttal from the avg ill informed person.
Too funny. Have a great weekend.