November 15, 2024

It has been my observation since last spring (when all the brokerages house flipped from outright bearish to giddy bulls) that the “hottest” aspect of the stock market has been the entire tech sector, driven by what I can only call the “mania” for AI and chip stocks…with the “how can they lose” mentality absolutely everywhere…I mean, two years ago, I’d bet than 95% of individual investors had never even heard of Nvidia…And now? I have farmers asking me, “What do think about Nvidia?”, because they NOW (not a year ago) own it and are wondering if they should “get some more.”

Guys, for the 1000^th time…The prices of all these pieces of paper are a function of media driven mob psychology creating PERCEPTIONS of VALUE…which can lead to both upside explosions…and DOWNSIDE IMPLOSIONS…which is precisely what I think is coming.

I continue to think that EVERYBODY IS LONG EVERYTHING…and that specifically, this last post-election upside blast in Stocks was one of the biggest “fake out break outs” in decades…that the combination of the Brokerage House inspired “up, up and away” pre-election attitude, and the idea that “Trump will be good for stocks and the economy,” produced last week’s move that, with apologies, I’d compare to an ejaculation…and in that same respect is now OVER.

Although I have various reasons, I don’t think I need to say anything more right now than I THINK EVERY POSSIBLE BUYER IN STOCKS IS ALREADY IN…AND LOADED…AND THE NEXT BIG THING WE’LL SEE IN STOCKS  IS NOT HIGHER…BUT SHARPLY LOWER.

I CONTINUE TO SEE THE STOCK INDICES AS A SHORT…BUT MORE IMPORTANTLY, THAT THE BOND MARKET IS A MONSTER BUY. RIGHT HERE. RIGHT NOW.

DON’T KID YOURSELF: THE MASSES ARE TOTALLY LONG STOCKS…WHILE NOBODY  ON WALL STREET “WANTS”  TREASURIES…THE SAFEST, HIGHEST QUALITY PIECE OF INVESTMENT PAPER ON THE ENTIRE PLANET…AND THAT, I PROMISE, YOU IS SIGNFICANT.

BUY TREASURY BOND CALLS…HERE AND NOW.

Can’t see it any other way…Would love to hear from you if you agree…or disagree.

I’m here.

Bill

770-425-7241

866-578-1001

All option prices in this newsletter include all fees and commissions. All charts, unless otherwise noted, are by Aspen Graphics and CRB.

The author of this piece currently trades for his own account and has a financial interest in the following derivative products mentioned within: Bonds, Gold, Stocks