F#$king Weanie Babies | The Market Crash.
FULL TRANSCRIPT
hey everyone meet kevin here today we
need to talk about weenie babies
but first i want to talk about three
things going on in the market and then
i'm going to talk about weenie babies
so if you're watching this in the future
just go forward like i don't know two
minutes or something like that but let's
talk about these three things here
okay uh number one when we have a stock
sell-off remember that it is very common
for stocks to
oversell because of margin
people get close to getting margin
called they panic they sell
especially institutional investors with
really big
fat lines of credit not to mention any
names of people who might be very highly
over leveraged
and frequently get called by banks to
free up some leverage and capital
up and uh you know we see these
sell-offs happen frequently and a lot of
it can be due to the pressures of margin
nobody wants to sell in the pit people
get pushed into selling into the pit
and that leads prices to go down and
more people to sell into the pit
this is how we get over corrections
towards the downside then
when things go euphoric guess what
happens with margin
you get more margin availability and
then you get
more of the suits with larger lines of
credit able to buy more stocks into
euphoria because
things only go up right remember this
relationship
the availability of debt goes down as
the market goes down
forcing people to sell even if they
don't want to
and when prices go up people get tempted
to
buy even though things are getting more
expensive because
why not margins two percent this helps
really accelerate stock increases or
declines in either direction
number two the united states a treasury
sold 58 billion dollars of three-year
bonds today with another big
auction of 38 billion 10 year notes
selling tomorrow
along with 24 billion in uh we've got i
think
three year bonds tomorrow i'm pretty
sure it's three year bonds tomorrow
meaning anyway we've got a really big
fat auction coming up tomorrow and
tomorrow
might be a potential big tell for the
market because not only do we have a big
bond sale coming up
we've got cpi data coming up now
regarding this bond sale
bond sale we have today was actually
very good
the auction went very well the 10 year
fell as a result of today's auction
and so if none of what i just said in
the last 30 seconds made sense let me
put it very simply
the bonds did good today and this was
good for the stocks
okay so this brings up cpi so cpi data
does come out tomorrow which i'm
expecting to come in at around an
annualized rate of 1.9
that is up from january's 1.4 percent i
think between the months we'll probably
somewhat see somewhere of like uh
0.3 percent in month-to-month inflation
in terms of an increase
now do keep in mind that usually the
headline figure we see when cpi data
comes out
is that month-over-month increase but i
do think a lot of people are going to be
paying attention to the year over year
this will be february to february's data
which is not going to be as impactful as
march to march
april to may april and may to may those
are going to be the nasty ones
that's when we're going to see like
three or four percent inflation but it's
all fugazi
because of the base effects of us
looking to low numbers during the
pandemic i'm not going to explain that
because i've explained that many times
on this channel but
uh in case you want uh i mean it's
always nice to throw in a quote into a
video right so here's janet yellen janet
yellen told us
that faster inflation is not expected to
be a byproduct of the latest stimulus
package
and obviously uh after janet yellen
spoke today
and even after the market opened up this
morning we've had a little bit of a
euphoric turnaround in the market today
janet yellen went as far as calling
inflation quote overblown
which is something we've regularly
talked about on this channel and that is
a position that i believe as well i do
think
long run inflation expectations are way
overblown now what the heck are weeny
babies weenie babies and this has to do
with some of the madness that's going on
in the markets which is why i'm also
providing market update here weenie
babies are institutional
paper-handing sissies who follow the
trends
because they care more about making fees
and commissions
than about actually providing returns
why do you think institutional investors
usually don't beat the market
it's because they're constantly reacting
to whatever cnbc your fox news are
telling them to do
why is it that yesterday on fox news and
cnbc we got
oh well tesla's second today hey kathy
why is tesla selling off today i mean
maybe you're a little too bullish on
tesla
and this is as tesla selling off
hardcore yesterday right
today tesla's up now over 17
but when fox news saw it was up 10
they're like oh
tesla up 11 such a great company i love
my tesla it's like
this is why it's because the
institutional suits a lot of them are
old
fuddy-duddies sorry if sorry if you're
older
i'm talking about the the suits okay
this is specifically not targeted age
it's targeted at the funny daddies
who who are the institutional suits they
got their their
bloomberg tv and their fox business and
their cnbc up all day long and they're
not being critical about what's being
said
and they hear rotation into value okay
rotation rotation
cyclical okay let's uh we don't want to
lose any clients here so if our clients
see this we got to make sure our clients
think we're doing this
remember put your i'm a suit hat on for
a moment
i gotta i got a hat around here
somewhere but i'm not gonna go get it
right now here
put your put your tinfoil hat on for a
second and pretend to be
an institutional investor okay so you're
an institutional investor
well let's see uh when the market goes
down a lot of people like to sell
shares in my company or or withdraw
funds from my company and that's bad
because that means less commissions
or less fees we don't want outflows
so how do we prevent outflows well let's
see oh
look my phone happens to be ringing oh
it's somebody who wants to sell
hey client who wants to sell you want to
sell oh you want to sell because all
tech is going down and we're heavy in
tech
well i am pleased to inform you that we
actually
already rotated into the recovery stocks
in fact if you stick with us
you're gonna ride this recovery rally
but anyway now it's tuesday and the
market's going up text starts up text
screen and you got the weenie babies
sitting there going
oh tech looks pretty cheap right now
hmm maybe we should go buy some tank
okay
sell the airlines and go buy tech
oh look somebody who wants to sell is
calling again
oh you want to withdraw a bunch of money
from the fund oh because tech is going
up and we rotate it into the rotation
stocks
no problem in fact we've already
anticipated this strategy in this
morning
we rotate it over and now we're in tank
and guess what
folks the big scam is that sounds great
it's like wait a minute kevin that
sounds good so they rotate it into tech
but what you're missing is had they
stayed in tech or bought
more in tech they would have had lower
prices and rather than
buying tesla when it's already up 15 at
the open or 10 percent or whatever it
was open at the
uh whatever it opened up for the morning
here rather than buying it for those
elevated prices they could have bought
it yesterday when they were too busy
trying to rotate over the other crap
and gotten a much better deal and
actually capitalized on the game because
what happens
in the market when it rotates this goes
both ways and this is not me trying to
predict what's going on in the market
this is just me saying look when
my high conviction stocks are cheap i
buy the crap out of them why
because returns happen fast
people regularly think oh well i'll just
wait for confirmation that we've hit
bottom
and then i'll buy and the reality is you
won't
because you're going to have a day like
today where you're like oh damn tesla's
up 10
well it's going to hit another bottom
and then it goes to up 20
and then it does it again and again
again again and sure there's always
going to be volatility we're not here to
be
soothsayer of the market right but it's
to try to say
that weenie babies manipulate this
market weenie babies are so caught up in
their
their stupid commissions that they end
up making stupid
follow the mainstream media decisions
that end up accelerating losses in high
quality companies leading to
over sells at companies like tesla
neo ghvi frx
cciv and phase expi xsping
uh unity palantir redfin pinterest come
on come on these are nothing but weenie
baby [ __ ] paper handing losers
that are causing these accelerations in
the market in both
directions the retail buyer is not why
tesla is up
whatever it is now 17 18 19 20 it's the
institutional
weenie babies manipulating the market
and when you know that's what's going on
it makes it a lot easier not to paper
hand and sell
because it doesn't freaking matter if
your tesla stock
is 300 or 800 unless of course you're
100 tesla and you're out on margin on it
that's a problem
other than that it doesn't really matter
because who cares if somebody thinks the
value of your share is less
you still own the same amount of shares
you know people do this
this but but kevin if something sells
off fifty percent
it has to go up a hundred percent to
regain those i don't
care like that's the way the market
works it goes up and down
so don't be a weenie baby take advantage
of
dips never squander the dips stop
worrying about falling knives you could
be catching falling handles anyway
and keep in mind how the weenie babies
screw and manipulate this market
thanks so much for watching if you like
my psychology make
sure to check out the psychology of
money stock group where not only we have
private live streams but you get all of
my buy sell alerts i help you
diamond hand this kind of crap and folks
a lot of you are writing it off and
getting a tax break for doing so so take
a look at that
in the links down below the coupon code
does expire march 15. thanks so much for
being here and we'll see in the next one
[Music]
you
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