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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Elroy who wrote (20049)	9/28/2017 8:57:50 AM
From: John Pitera	4 Recommendations Read Replies (1) of 33421

Tony Robbins, who is not a market expert... he is a salesman.... although he is a very smart perceptive guy, he is not the guy I would go to to tell me which of three companies has the best discretionary free cash flow. Nor would I look to him to for ideas on market seasonality, momentum price divergences, time cycles..... or to have him look at a stock or a market and have him start with a 40 year quarterly chart, a 20 year monthly chart, a 10 and and 5 year weekly chart and a 1,3,5 year daily chart with indicators that I have found helpful. Since he was on CNBC on fast money last night...... he was interviewed about the proliferation of E sports and the veritable fortunes that are being made in this new industry and we are only in the first inning of the ESports era.... the top global ESports teams will one day rival the market valuation of the most valuable Football and Baseball franchises mark my word on that ........ so Tony Robbins who was on talking about his investment in Esports where he is teamed up with Peter Gruber who owns the Sacramento BBall franchise along side of a group of investors including Robbins... and listening to Peter Gruber speak was the most invigorating talk that I have heard this quarter on all of the money to be made in E sports franchises and then the vendors who sell the merchandise, the concessions and all of the ancillary products that go along with the Esports. the cnbc anchor then asks Tony Robbins about Bitcoin, which is not in his wheel house and he really does not have an opinion.... and his response reflected it...... he said it may go up and it may go down..... If you like take a portion of your money and put it into Bitcoin and consider it like going to Vegas and placing some bets .... some will work out and many will not... I actually thought it was possibly an ill conceived question to ask Robbins regarding the Cryptocurrencies and Bitcoin in specific. John.

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