Jimbo

FEAR STARTING TO CREEP IN I said September was probably the top. Apple at 40 times earnings was just rediculous. Especially given the poor macro economy. Apple to lose half from the top.

INSIDE THE FED MIND Now that they have got asset prices above the Feb highs I think they have taken their foot of the pedal. Indeed I would'nt be suprised if they let the market fall into the election.

WHAT IS THE FED The FED is fundamentally a "Leverage Dealer" When the party is over the Fed comes along and offers free leverage ot all the leverage junkies to keep the party going.

I did suggest some time ago. That an "Avoid October strategy" Might be enough to put a top in in September. I think this is palying out right now.

A VERY INTERESTING PAPER Most academic papers on finanace arnt very useful. Just read one that is: Of the 25000 listed US companies since 1926 .....$34 Trillion in value has been created. BUT....ALL OF THAT VALUE. Was created by only 1000 of those 25000 companies Thats right....4% of the companies created all the value, The other 24000 created NO value. Think of that .....you have a portfolio of 25 companies....only 1 will create long term value!!!!!!!!!! The problem is....which company will be in the 4%??????????? It gets worse Of the $34 tr

TAKING GAINS OF THE TABLE I think a lot if players will start taking gains off the table in September Wanting to avoid October May be enough to put a top in !!!!!!

THE PRICE OF AN APPLE PART 2 Now selling for 40 times earnings. The year started as 2008 and is ending as 2000 Amazing what 3 trillion from the Fed can do. Well wait until September. Beware October seems to be a growing theme. Theres a blow off top somewhere up here I just dont know where.

I SMELL THAT MILLENIUM SMELL Yes it smells like the year 2000, Complete parabola stock market. Ridiculous valuations. Re the Fed pinning the bond market Note I made the WW2 rate suppression analogy in a post here back in December 2019. Im surprised Bank depositors hav'nt started fleeing...... Banks in Australia are offering 1% rates when inflation is 2%.

UNCLE WARREN GETS GOLD So Uncle Warren dumps the financials and gets gold. Even he sees the writing on the Wall for the US financial industrial complex. And the writing says "Not pretty not pretty at all" In an inflationary scenario the market cap of the american banks in real terms will fall greatly. As the real value of their capital and deposits (i.e. as measured in gold) are destroyed. Look at the charts of Argentinian banks if you want to see what happens....... When the FED goes "print wild".

THE PRICE OF AN APPLE Apple now at 34 times earnings.....ridiculous.

NEW ETF SUGGESTION Since bankruptcy pump and dump is now all the rage (here's looking at you liar....oops I mean Wire...card). We need an ETF to take advantage of all the robin hooders who are pumping chapter 11 stocks. We need a catchy name for marketing purposes. How about the "Sheriff of Nottingham ETF".

A MODERN FAIRY TALE Once apon a time there was a fairy princess stock market. She was very over valued and wanted to go down. But the big bad FED troll wouldnt let her.