NASDAQ Composite (^IXIC)

S&P 4,384.63 = All time high close
-10% takes it to 3,950
-20% takes it to 3,510

Minor support at 3,800 level
Major support at 3,400, as well as 2,900

Nasdaq 14,733.24 = All time high close
Minor support at the 13,000+ level
Major support at the 11,000+ level
Very strong support around 8,000

-10% takes it to 13,260
-20% takes it to 11,800

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Margin calls like Archegos Capital's coming. Sell offs last 2-3 weeks, or more if severe. See you guys at the bottom.

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Lower highs, lower lows = downtrend. Don't let the daily fluctuations fool you. Daily movements don't matter, only the longer trend, which is down. Each rally is being sold since CPI came out hot on Tuesday (and there was a headfake up in the morning to trick you into buying/bagholding while smart money sold off). Don't be a hero and buy high. Just set GTC buy limits 5-15% down, each 1% down until you catch it all. You can also sell puts but do GTC sell limits with higher premiums so you can get the best bang for your buck. You're welcome!

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"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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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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$^GSPC conversation
"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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Billy Bong Bong——:::///

Think about it??? Buy something you think will be valuable in one year from now... Hold for a least one one to avoid a extra hit on capital gains taxes... Lock your shares up in a limit order at triple digits... Go until complete... All or none... This prevents shorts from borrowing your shares... It is illegal to borrow shares in a trade order...

Now where do you think the Airlines will be in one year from now???

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

Flights here!!! Flights there!!! Flights everywhere!!!

TravelWar is booking the flights for YOLO madness...

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

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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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

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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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

All Americans will be vaccinated by July....

Summer travel will be in high demand....

Buy the Airlines!!!!

Heading back to pre COVID-19 levels...

The TravelWar will be massive stimulus for all economic reforms....

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