To: marcher who wrote (165021 ) 11/10/2020 5:59:38 PM From: TobagoJack 1 RecommendationRecommended By marcher
Read Replies (1) | Respond to of 219595 have added to short TSLA, and added long GBTC, also got rid of junior miner distractions, and added cannabis distractions I am thinking about putting bank a/c balances to work, by sleeping in bitcoins, as all have equity wrap a/c even though not managed as such it might bee the case that gold is the new cash, and bitcoin is the new gold so far I have only bought into GBTC / QBTC as I hive off part of the profit from shorting TSLA I may have been too conservative, a dinosaur I recommend a listen to the very end of appended video unchainedpodcast.com VIDEO in the meantime Martin saysask-socrates.com US Share Market - Boom or Flight? TUESDAY, 10 NOVEMBER 2020 BY: MARTY ARMSTRONGQUESTION: The market makes no sense for it rallies on a vaccine that is nowhere possible in the near term. Then there is the prospect of losses and even negative returns because of the shutdowns. Can you shed any light on these confusing and often conflicting views? VEANSWER: The minimum target in the S&P500 for a high in 2020 was 3628 and by next year that will be 3897. The S&P 500 must close above 3423 to retain a bullish momentum beyond 2020. But this rally in the face of claims that are clearly politically motivated concerning the vaccine is really nonsense. The Science Media Center makes it very clear. There was ZERO evidence presented. It was release politically Monday after the press pronounced Biden president. This was just political and no study was published. Therefore, any theory of a vaccine, and everything will return to normal is absurd. They have NO INTENTION of returning to normal. Even Schwab postponed Davos from January to next summer and that will probably be virtual by them. If there was really a vaccine, world leaders would take it and go kiss the ring if not the feet of Schwab. Now, earnings have NOTHING to do with the market value. We would not witness drastic swings in book value if markets were always rational. We have entered an era where earnings will NO LONGER play a role. This is the new norman - flight mode where capital seeks just to find a safe place to park. Look at today's price action, the S&P500 and the NASDAQ down with the Dow & Russel 2000 making new highs again. This is capital flight.