NASDAQ Composite (^IXIC)

Bob
19 hours ago
$^IXIC conversation
I officially declare the near term bottom was in today. We could see more selling near the end of year when China locks down again, but it came very close to support (3,800 for $^GSPC and 11,000 for the Nas) and bounced right off, twice. All technical analysts know this, and so do all AI. The algos will be pushing this back up. Time to close short positions and go long, kids. $AMZN rallied, and $AAPL $140 support held.

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Buyer strike... DON'T FIGHT THE FED!

Or else, you'll get caught in the fade...

$^gspc $^ixic $aapl $msft $amzn $goog $nflx $tsla $fb $amd

This too shall fade...

$^ixic $^gspc $aapl $tsla $msft $amzn $goog $nflx $rivn

One year ago!!!

Mike last year
$^IXIC conversation
HMMM, the US government is now the largest holder of corporate bonds buying 120 billion dollars worth a month! And all the sudden yields are rising and stocks that retail investors bought will start crashing and the fed says don't worry its normal and like lemmings you will follow powell right off the cliff and the big dogs will once again eat the retail investor for lunch!!! Get Out!!!

Do the math… It’s cheaper to fly than drive……

All airlines heading to the mother lode in turbo mode… Spring break will be just the beginning of the massive movement of traveling…

#AAL #UAL #BA #LUV #ALK #SAVE #JBLU #DAL #JETS #MESA #ALK #HA #^DJI #^IXIC

I hope that everyone has read Chapter 1 & 2 from the book "The Intelligent Investor" on Investment vs. Speculation & Inflation. You will understand where the market currently is and what will happen in the near future with increasing inflation and eventual increase in interest rates.

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Shiller P/E is 33+ on the S&P500. This market is WAY overvalued.

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Massive demands for travel coming in March... Summer of 2021 will be a record for air travel... Thanksgiving and Christmas will be off the charts...

All Airlines will return to pre COVID-19 levels in a record level...

#AAL #UAL #BA #LUV #JBLU #DAL #MESA #ALK #SKYW #HA #^DJI #^IXIC

"Powell likely going to have to raise interest rates."

Yes. As inflation increases, the way to curb it is through raising interest rates. The fed originally stated that rates weren't going to rise until at least 2022. However, it seems that we may see a rate increase sooner than expected.

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COVID deaths up. We will be hitting records in the next few days. Deficit spending up. Companies have decreased earnings, yet markets are at ATH. This is a classic bubble folks. S&P500 is worth half of what it is today, based on the Shiller P/E.

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Judge should overturn the tax free unemployment income from 2020 next. It's theft to get 10k and not pay any tax while someone who works for 10k must pay tax.

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FIRST TIME SINCE OCTOBER OF 2020 NO POSITIVE CASES OF COVID-19!!!!

Where do you think the traveling industry is heading???

BUY the Airlines!!!!

#AAL #UAL #BA #LUV #JBLU #DAL #MESA #ALK #SKYW #HA #^DJI #^IXIC

California is not bankrupt but it is insolvent. California’s liabilities vastly exceed its assets. A State cannot declare bankruptcy but that may change someday. See, The Case for Allowing U.S. States to Declare Bankruptcy

California has an unfunded pension liability estimated by some to be half a trillion dollars. See, California’s unfunded pension debts may be larger than acknowledged Here is one observer that says the debt is well over a trillion. Golden State Pension Deficit: $1.2 Trillion

Essentially, in order to have anyone willing to work a California government job—whether state, county or local, rather than pay up front, governmental organizations have hidden their rich benefits from the public by granting modest salaries but huge pensions.

These pension rights are staggering. Your typical firefighter in California retires with an income that would require a self-employed person to have saved over $3.5 million dollars to earn. An appropriate pay-as-you-go salary that would take the value of the promised pension and pay it up front would have most state employees taking home well over $500,000 per year. Politicians know that they are making promises they can’t keep, but the California miracle just keeps chugging along—they make just barely enough to pay their pension obligations and keep the state running, barely.

A dentist in one of California’s prisons retired at a salary of over $650,000 a year. See, California’s unfunded pension debts may be larger than acknowledged There are currently over twenty thousand people drawing a more than six-figure pension from the State of California’s pension fund. http://reason.com/blog/2016/08/09/californias-six-figure-pension-club

Look up what happened in the City of Bell. The City Manager and Police Chief voted themselves some incredible salaries and benefits because the citizens didn’t know enough about their government to object. http://timelines.latimes.com/bell/ In my opinion, exactly the same thing is happening in the State of California albeit on an exponentially larger scale, i.e. more dollars, more workers.

As did the citizens of Bell, the day will come when the good folk of California finally understand the sheer size and scope of the bill they have incurred for the retirement benefits secured by the various government workers’ unions. There was a brief glimmer of hope when Arnold tried to break the union’s power in this area, but that failed. All Four of Schwarzenegger's Ballot Initiatives Fail Had Arnold limited his reformatory efforts to just the unions, there may have been hope for the state. However, at present it is all but guaranteed that the State of California will have to restructure its obligations, i.e. default on its pensions.

Now, some people disagree. Some believe that California is such a huge and independent economy that it can, in essence, print its own money. Others are convinced that the State is too big to fail. Observers of our financial history will note that most large institutions in the United States are not allowed to fail—the federal government will ride to the rescue and force the state to scale back.

And, where does all the California Pension money end up? Most of the pensioners leave California and buy properties in other western states where the living is cheaper. In a real way, California’s taxpayers are subsidizing the economies of most of the intermountain west. Why CalPERS retirees flee California

There is a terrible disaster on the horizon—it will inflict incredible suffering on many innocent families who rely on California to keep its pension promises.

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Investors I’m telling you the keys to success is to see one year in advance... Seriously think about where the world will stand in 2022... Will the traveling be in high demand next spring??? Will it be the craziest Spring Break ever??? Will people want to drive in grid locked traffic??? Family reunions will be a main priority for 95% of the world population.....

All airlines will return to pre COVID-19 days....

BUY the Airlines!!!

Airlines are the most essential industry in all universes.....................

#AAL #UAL #BA #LUV #JBLU #DAL #MESA #ALK #SKYW #HA #^DJI #^IXIC