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The easy answer is far to many individuals and families have been, to varying degree, living beyond there means. Two months into the covid19 spread, and layoffs, it was evident that people were living from paycheck to paycheck, roughly 70% of the population, by various estimates. People were...

The problem is not that there is a food shortage. The bigger problem with food is that the delivery system is showing signs of breaking down. If the virus keeps surging, the delivery system could be severely impacted, which in turn could contribute to the scarcity of many food items, especially...

The probability of the market being back at 3300 by months end is near zero. In order for that to happen the indices would have to go beyond stupid overbought territory for an extended period of time. By stupid overbought I mean that their RSI indicators would be beyond 82.5 for a week or...

If you don't mind Pekelo, I'll add a little. 1. last Dow transport high was Sept. 2018 2.Global Debt to GDP 4th quarter 2019 was 322% 3.Global oil and gas glut 4.Short capitulation 5. Retail back in big. FANG, TSLA, BABA, 6. Manufacturing and ISM in contraction 7.Number of stocks that have...

The article generated by ARK has generated quite a bit of buying, but of coarse 2024 is a long way off, and their is a laundry list of things that need to go just right. Yesterdays market cap would be valuing last years production of 327,000 vehicles at roughly $430,000 each. Yesterdays volume...

Just for FYI, the last time the market was this overbought was in the last week of September in 2018 and was subsequently followed by a 19.95% drop over the coarse of almost 3 months. Why it is not that uncommon for individual stocks themselves to be moderately to stupid overbought, it is rare...

As to the original post, Farmer entered the NUGT trade far to late, when the RSI for GLD was in the low 80's and peaked at 85. That's why there was so much profit taking in the miners, Mr. Market is anticipating a pullback in the metal. Should have been actually buying DUST, the inverse of NUGT...

In regards to the original question, the easy answer is yes and they have been for decades, ever since Reagan took office after interest rates went crazy during the Carter administration. The formula for calculating inflation was changed and presto, perpetually low to no inflation. The current...

In a nutshell, supply sat on demands head. It was either Aurora or Canopy growth, I forget which, but they missed earnings because they had to drop their prices 50%. Two weeks ago, I saw some news on TV about farmers who had cultivated and made quality acreage available to cannabis growers, and...

Consult with a certified CPA tax specialist and potentially a Tax Attorney.

Do yourself a favor. First, go to the website for superior court for the county in which the Trust document originated. Search responsibilities of the Trustee, rights of the beneficiaries, and compile a complete list of questions. Then at bare minimum, spend the money for a consultation with a...

Technically overbought today, but not by much. Healthy profit taking at the end of the day. Looking for some back filling here. Although judging by how neurotic the market is acting, not sure if we'll get much of a pullback.

In all likely hood, in several days he'll come out and say he nailed it. LOL

Spoke to my neighbor again last night, and if anything, the slowdown continues in his business. He relayed to me that building products have basically taken a nose dive, and that his business with home builders has dried up.

Right there with you and trader 99. Thursday low 15 minutes into the session and a grind up for the rest of the day. Days like that are few and far between. I use leveraged miner ETF's. Hit a low of 28 at 6:45am, got in just above that, rode it out to 34 and dumped it all. I got in because there...

First, let me just say that sure your knowledge of anything crypto related, is substantially better that mine. And yes I understand the 2% active fund charge, not to mention that the trust instrument trades at a roughly 25% premium to the underlying asset. But if the market is a forward looking...

I'm not making a prediction, but if things get real ugly, it is possible the old adage of when you can't sell what you want to, sell what you have to, comes into play, short term even the precious metals will be sold. Especially now, with all the leverage and debt, and all the intertwining of...

Doesn't come as a surprise to me. Take a look at WWE, WING, SHAK, CVNA, W, SEAS, and RRGB, to name a few, and look at there price performance over the last year. Institutional ownership 100-125%, and have been that way for a number of months. Most of us wouldn't go near these companies. The...

Oh yeah, that's me. Public Enemy #1. LOL