Stocks to Crash Again

folks i kid you not this is the stock

market that will take

absolutely any bit of good news and say

that's it all that is bad is over we are

going back to the moon

now this is of course a good thing if

you own stocks it's not the greatest

thing if you are wanting to buy stocks

or you are wanting at cheaper prices

this is why folks we have been saying

pretty consistently with the exception

of a few

times pretty because i would say about

80 percent of the time i say never

squander a red opportunity and the

reason for that is since march of 2020

the general rule of thumb has been via

the dip

seems to work and the reason it works is

because this market looks for any bit of

potential news to rally today we got the

big merck u-turn

so this morning i kind of got ambushed

by that news because when i started my

live stream i didn't even know about

that news yet uh so here's the thing

this uh cova treatment is actually a

pretty big deal so far uh at least in

terms of what we can see reducing

hospitalizations uh by 50 potentially

completely eliminating deaths on the

basis of a study of about uh 700 people

14 hospitalizations uh half the uh

you know control group uh and and no

deaths it's pretty pretty incredible

the uh the question is is how similar is

this merc treatment uh a pill that you

would take now after uh you or contract

covid how similar is this to something

like a rem deserver right a rem deserver

is an antibody remember the the

monoclonal antibody cocktail that donald

trump got even though most people didn't

have access to it of course donald trump

got injected with multiple different

monoclonal anti-body cocktails which

helped him go from a pretty dire state

to

fine

and

you know parading around outside walter

we read with the secret service which we

covered all this live right

so

um the stock market is loving this pill

like this this pill in my opinion is

more than a

pill for covid it is

a it's an anxiety relief pill it is an

antidepressant

it is a

please take this red pill

and let stocks go to the moon for once

and that's essentially what's happening

today and again the reason

this is happening

is because we are removing anxiety from

the marketplace and anytime we remove

anxiety from the marketplace first thing

that happens is people take their cash

and plow it into the market volatility

index down almost ten percent dow jones

industrial up one point six one percent

the s p is up one point two five percent

the nasdaq is a point eight five percent

and it is all because of the little red

a pill

and we are even seeing a part rotation

in the market which is interesting to

pay attention to a rotation a specific

rotation that we used to only see back

in 2020 that rotation has heavily been

broken apart in 2021 where we haven't

really seen cohesiveness amongst

recovery stocks versus other stocks

but today we actually do see a

cohesiveness amongst recovery stocks

dave and buster's up nine point one two

percent you've got united airlines up

seven point four percent toast

the payment processor for restaurants of

six point seven one percent dutch pros

six point three six three percent delta

of six point five to five percent

southwest five point nine marriott five

seven five american airlines norwegian

cruise lines cheesecake you get the idea

here yet let's keep going just in case

you don't uber 5 disney 4.27 carnival

american express gap mgm

cinemark

do you see where i'm going yet all of

these stocks are well over three percent

today booking holdings does it ring a

bell yet airbnb

win simon property group the one of the

largest mall operators in the world

anything yet

its recovery stocks are rallying on this

news because it's not just about the

covet delta variant in cases that we

have now it's about

extinguishing

fear this pill is kind of like taking

a uh a plane like a boeing 737 that puts

out fires and it's loaded with foam or

like that red powder or whatever they

they

drop

into fire areas and they're putting this

down as like a preventative fire

retardant that's what this red pill is

why because you still have recovery

stocks freaking out over the potential

that delta

is going to absolutely destroy christmas

and nobody wants christmas to be

destroyed first of all people don't want

to die okay second of all people who

don't want the vaccine are like

wait a minute you is telling me

if i get coven

then i can take something that's going

to prevent me from dying hell yeah sign

me up i don't need to get the facts

anymore that's in my opinion literally

what this pill will do for the anti-vaxx

crowd

which good at least they have an option

right

but it will also help the broader market

go wait a minute

this

this right here

is going to be the solution for making

sure delta is not

santa claus this year or the grinch i

should say that's better the grinch okay

we don't want to grinch this year

so uh this is uh this is actually very

good news obviously we need fda approval

for this thing things in phase 3 trials

i would imagine fda approvals would be

expedited and they'll probably be many

cases of compassionate use as well which

compassionate use is essentially the

opportunity to

provide folks medication when they are

essentially very likely to die from

covid and they can take something that's

not technically approved yet because

they would probably die otherwise so

this is good the other thing

and you cannot you can't i don't want to

say this uh you can't overstate how

important this is

uh

the pill is only necessary for people

who actually got sick

that's even better you don't have to

vaccinate everyone you don't have to

give the red pill to everyone red pill

is not a vaccine you don't have to give

it to everyone

it's just hey whoever gets sick we get a

little red pill for you

in case you're wondering why the 10-year

treasuries are falling yields are

falling in case you're wondering why

recovery stocks are going up uh and

what's crazy is you've even got some

some uh other things going up here as

well uh like crypto crypto is loving

this news absolutely loving this news so

you got the miners going up you got

um up work up which is totally a

stay-at-home stock what what this pill

is doing is more than just pumping up

recovery stocks

it is saying to the market folks fear

not we are going to get through this

we're in 2021 and we can defeat the

challenges we face evergrand is not

going to be a big deal

that's that's what the market's trying

to starting to think right now okay now

i'm not making that guarantee i think

evergreen is something we absolutely

have to pay attention to but i have said

in many many videos on this channel i

don't think that ever grant is going to

be a big deal i think the fear of ever

grant is going to be

more bad

uh and the fear of evergreen has led to

this crypto disaster that we've seen uh

and and i suppose by crypto disaster you

know when you zoom out it's not that big

of a deal but uh but we know that that's

how crypto works but anyway we went from

you know this beautiful rally of like 53

000 to uh to essentially down to almost

to our support line here at just under

forty two thousand dollars uh and and

broad-based sell-off in cryptocurrencies

i actually sold my crypto just to rebuy

it lower because i'm like yo this

evergreen stuff's gonna be a disaster

duh

it kind of was the fear of it was but

that was the point

this is why as soon as the fear of that

hit an inflection point where it's like

okay this fear is going away the last

three days not today i've been buying

the dip like crazy and i've been buying

the dip like crazy because i realized

that fear is mostly overblown that our

fears might be level 100 when reality is

like level 10 bad that's usually how it

is

now uh

even folks that was even true

in the great recession in the great

recession fear was so mega freaking high

people are like this was one of the

first places i learned

what not to do is like at the bottom of

the market my dad's like oh my

401ks god the hell that's it sell

everything

it's like that

you just paper handed your retirement

oh man

um

anyway so

uh look sometimes you you look at what

not to do right but anyway this is a

beautiful beautiful thing for markets

it's a beautiful thing uh for for uh

people it's a beautiful thing for

humanity it restores a lot of faith uh

in in medicine that i think all of us

should have because i think a lot of

faith has been lost you know uh uh you

know what do they call it mr the fouchy

jab you know people don't want to get

the fouchy vaccine or whatever you know

like there's been so much

it's so nice that now it's like hey okay

you guys fight about the vax in the

meantime let's prevent people from dying

over here with this pill that's

wonderful now i still encourage

vaccinations but i also believe in

individuals

uh right to choose uh and uh hey look

this this pill is such a wonderful

wonderful as long as it ends up getting

approved a wonderful wonderful uh backup

choice uh and i love it i really love it

and i believe that uh this moment today

uh over and starting well continuing

over the next two weeks

uh let me rephrase that continuing over

the next two weeks we still have

uncertainties left in the market okay

let's make this extremely crystal f and

clear okay you still have a debt ceiling

crisis coming up on uh october 18th now

between you and me it's a bunch of bull

crap like

the u.s government ain't gonna default

like i think the odds of that are like

one percent okay i think it's not going

to happen so don't worry about it in my

opinion okay my opinion it's not a big

freaking deal it's going to get handled

uh okay so then you've got the

infrastructure package we're going to

get something very likely between one

and a half probably closer to like two

and a half uh to three trillion dollars

my guess

uh and and i expect that all to be done

by october 15th but guess what else i

expect to be done by october 15th i

expect inflation numbers to come in

inflecting to the downside finally

now a little bit it's not going to be

like a a huge drop but we're going to

see that curve is my expectation that

curve is going to be in my opinion well

received by the market

i'm hopeful that the jobs data comes in

moderately strong we don't want it to be

super weak although super weak could

lead to more tapering but then you also

get a sell-off because then people

wonder is the economy fundamentally

weakening too much i don't really buy

the argument that the economy is

fundamentally weakening i think the

economy is slapped in the face and

anchored uh by it's kind of like this

anchor that you're dragging around and

it reaches around and slaps you in the

face

it's like supply chains

freight

i just want to mess with china you know

like like it's it's stupid the fears

that we have in this market right now if

you think about it are utterly stupid so

china pulled the rug on property

developers and u-turned on the amount of

debt that they want companies to have

just like that because they felt like it

despite the fact that they were

encouraging people to take and companies

to take on so much debt to build housing

because they needed housing now they

realize wow we have too much housing and

too much debt well let's make the greedy

corporations pay for our stupid

encouragements

you know like these these in my opinion

are are not uh like crisis mode

scenarios that we face here i'm not

devastated by uh the outlook that we

face the stagflation arguments that i've

seen are absolute stupid absolutely

stupid uh almost all the fear-mongering

youtube channels that i see end up

spewing i shouldn't say almost all

because i don't want to make that

implication because i don't watch almost

all of them i rarely watch the other

channels uh but uh for example somebody

sent me a video the other day and

they're like kevin kevin this evergrand

crisis oh my gosh blackrock and fidelity

they're gonna collapse they have a

quarter of all their assets exposed to

chinese real estate and and oh my gosh

they're those are like four and nine

trillion dollar funds we're screwed and

i'm like bro dog

the person who made the video was

referring to an article that referred to

a specific bond within these four to

nine trillion dollar funds those funds

themselves are only like two to four

billion dollar assets which compared to

the fund is is a fraction of a tenth of

one percent uh and of that junk bond

fund to 25 is exposed to chinese real

estate why because interest rates are

higher there because it's a risk and

it's garbage there's a reason why junk

bonds are called junk bonds it's because

when people invest in high-yield stuff

and they get burned the the

institutional investors or the investors

who who invest in like quality companies

and aaa rated debt are like uh yeah

that's why i don't go there

you know so

look

me i'm happy uh i i don't love buying a

run-up so i haven't bought anything on

this run-up i've been buying the dip

i've been saying it day after day after

day after day i'm very very happy about

that uh now

let's go ahead and hop back on over to

what the heck is going on uh on a

minute-by-minute chart right after i

mentioned that uh if you like this

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