WATT THE F***... on Stock Talk Live !

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I am a 30-year veteran of Wall Street,

retired since 2008 because I made

millions

selling my stock picks to people that

you know like Jim Kramer, um

George Soros, and if you watch the movie

Dumb Money, if you haven't watched it,

great movie. Um Stevie Cohen. So, we

just got

>> There we go. We got the verification of

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Making a note for myself here. We got a

huge show. We're waiting for people to

come in. So, send the invite. Share the

invite out. I see how many people are

here right now. It's usually a little

bit more at this point. All right. So,

get that invite out there or I'll just

go and have some fun, right? I live in

Miami Beach. I could be at the beach

right now. I'm here for you. Why?

Because my mentor was here for me. I was

living in a basement. Not a basement

apartment. in a basement. I now live in

a penthouse. How did that happen? How

did a loser go to being a

multi-millionaire making seven figures a

year? Well, that's what we're here to

talk about. You know, I'm here to share

my wisdom as far as that goes. Um what

my mentor taught me to make me who I am

today. I'm helping y'all be who you will

be in the future. And all I ask is that

you share the wealth by letting people

know that I'm here. So, go do that. I'm

setting everything up. I'm going to put

on the disclaimers while we're waiting

for you all to do that and I decide if

I'm going to have a show today or not.

Um, the disclaimers are on the screen.

So, if you go any further than this, you

acknowledge that you have read or had

somebody read this to you and that you

understand what it means. Okay? So, uh,

that's my CYA, right? Cuz I'm doing this

out of the goodness of my heart. I make

no revenue off of anything in my life

since 2015. I swore off revenue. If I

mow your lawn, I'm going to do it for

free out of the goodness of my heart.

So, there are no sponsorships, no

advertisements, no subscriptions, none

of that stuff, right? If you see an

advertisement on the replay, it's not me

making money off that. That's Google

throwing that in front of you. Okay? Um

has nothing to do with me. I don't take

revenue for anything. Um so, and that's

worked out great. By the way, if if you

don't believe in karma, man, I mean, I

don't believe in things like that

generally, but I got to tell you, my

life since I stopped taking revenue in

my life has been a blessing. I have a

beautiful wife, a beautiful child. My

revenue is actually my my money has

actually increased cuz all I have is my

portfolio, right? I run my own money and

only a portion of it do I run. The rest

of it's run by a financial adviser

because I'm retired. I don't want to

spend 70 hours a week, never mind 100

hours a week like I did when uh I was in

business giving research to firms owned

by Jim Kramer, George Soros, and Stevie

Cohen. All right. Um there the numbers.

The numbers are a little better now. All

right. Big AI show today, right? Big AI

show. As always, you know, it's Money

Mark. I've been covering AI and

technology for Wall Street since the

'9s. 1994 to be precise. So, we're here.

It's Friday. It's Money Mark. It's Stock

Talk Live. Get ready for a big show. We

got the disclaimers. Let's get rid of

those. We're going to go right to the

fear greed index.

Oo,

we're at that magic. We're right on the

cusp of that magic number. And we

actually did hit it. My magic numbers on

the fear greed index are 75 on the greed

side, extreme greed, right?

But not 25 on the extreme fear. Why,

Mark? Why wouldn't you pick 25? Because

fear is stronger than greed in the stock

market, as it turns out. Because as you

can see on this chart, once the greed

gets close to 75, the market seems to

peter out. But once the fear gets down

to 25,

sometimes it just seems to accelerate to

the downside. And as you can see, the

last two times we bottomed out was in

the single digits. Six here, three here.

We got down to 10. I think it says 11,

but I saw a 10 earlier in the week.

Right? So that tells you that the fear

is finally getting to a point that maybe

it gets constructive for the market,

right? And we've see a lot of stocks

pointing in that direction and we're

going to talk about them today,

particularly technology, AI. So, let's

continue the quick macro discussion

before we move on. Um, wow,

the 2-year yield broke out of its trend

and is now close to 4%. As you may or

may not know, the 2-year yield often um

preempts the Fed. All right. So, the

two-year yield is telling us that the

path of least resistance for the Fed is

to actually raise interest rates, not

lower them. We shall see, but that

wouldn't be necessarily a good thing in

this market. Uh especially given and and

from my perspective, um I wouldn't like

that move because we see weakening and

we'll show you here a little weakening

in the estimates, right? The Fed GDP now

numbers have come down. They were at one

point up in the four or five range for

Q1. They're down to two. They've kind of

coalesed around the blue chip consensus.

That's just over 2%. Right. And the blue

chip consensus has risen of late, but

just in the last week or so, trimming

down a little bit, trending down a

little bit on the Atlanta Fed. So if the

economy is slowing down but inflation

goes up because of oil prices being in a

temporary high level due to the Iran

situation. Well once the Iran situation

is resolved

and trust me that doesn't end the oil

issues right things have to get running

again but at some point oil prices

should come back down. We were running

at I think 2 million barrels a day of

surplus more than the world needed. And

if the economy slows down, then that

surplus increases all else being equal.

So I see oil prices coming down as long

as this situation doesn't last too much

longer. And Trump has heavy incentive to

end this sooner than later because this

I mean we got the midterm elections

coming up. All right. So why did you

choose to do this now instead of waiting

until after the midyear election midterm

elections and making sure that all his

Republican

supporters

get reelected?

He's got to he's got to end this, right?

You just got to think about this from a

purely selfish perspective. Now, the

Iranians might have other things in

mind, but from a purely political

perspective, there is heavy incentive on

the part of the Republicans to get this

done and over with so we could put it

behind us and they can get to the job at

hand of trying to get reelected. Whether

you're a Republican or a Democrat, you

can understand the selfish nature of

right how they want to make themselves

positioned for reelection and therefore

you don't want this mess on your hands

several months from now. All right. So,

that's the that's the what I've been

operating off of. I came and told you

that before the Trump tweet and I told

you one day you might wake up to a Trump

tweet and the market will be gapped up,

right? And that's exactly what happened.

Now, it's given that back because the

market's like, I don't know if I believe

you, but that remains Trump's incentive

as far as a point of logic and we'll see

how it turns out. I'm not here to make a