lost my shirt on Nortel and followed it all the way down. After it was delisted I refused to sell my stocks to short sells for pennies on the dollar. Got some more Nortel stock after law suits were settled and that went to zero too. I learned my lessons and I have been in cash since January and will watch this play out from the sidelines.
Is the dollar heading for a doom? I am utterly concerned with the whole scenario. Does the stock market appear to be improving, or is this merely the typical temporary manipulation of the market to draw in new investors? Right now, I have $900k left over from the sale of my house, and I'm wondering whether there are any better investments than stocks.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
It all starts in the bond market. Watch the next 10 yr bond auction on April 30th. The 08 and 20 crashes were both ignited by the 10 yr bond yield hitting 5.2% 😉
40:00 CRK, PBF, and OXY are the symbols of these three oil & gas stocks he recommended.
Fantastic interview Jimmy! Jessie is great rational source of wisdom
what was the date this episode was taped? best to include it in your show notes. thx
I was intending on watching the whole interview, but then you interrupted it, which told me that it wasn't worth watching.
I finally understand why our debt crisis is more of a problem in the US than in Japan. Puts it in perspective.
If you listened to Jesse the past years you missed one of the greatest bulls of all time. His name should be Cassandra
GREAT guest!
Great interview
So why do you guys give no options or suggestions on where to invest? Trying to retire in five years. My company does not offer commodities, only stocks, bonds, and money markets. If this plays out, what is the recovery time line?
Presidents cannot fire the Fed chair. They’re independent of one another. The Fed’s job is the dual mandate and not to be influenced by any outside parties including the U.S. President.
Sucks that our company does not give us gold or silver or any commodities in our 401. Ugh. What about those of us that only have money in retirement accounts that are all equities, US and International, value, balanced and growth funds, plus bond funds. No gold or any commodities. Maybe move it all to a money market? The thing that sucks is I'm being forced to retire soon due to health. I had a doctor destroy my achilles and I've had to dial back work and soon retired within 5 years. My ex took half my 401 in 2017, otherwise, I'd just retire now. That was my original plan. Now my plan feels like jumping off a bridge. My advisor said go heavy bonds right now.
The big boys are selling, the little guy is buying. What does that imply?
A lack of understanding how the tariffs will cause more money coming into the US versus being paid out to foreign scalpers. As such the market is poised to skyrocket.
Advisors unwilling to just advise exiting risk assets entirely should find the courage to evolve from buy-the-dip to sell—the-bump
If you can't time the stock market, you can't tell when stocks are cheap. That's why advisors recommend to DCA overtime. If we DCA into gold overtime, say purchasing 10k every decade, we'd be winners even when it slumped heavy. You can't buy gold high and expect to be a winner when it hits 15k in 20 years. This economy needs a chiropractic adjustment by someone who maintains a long view due to being and investor and a businessman. The problem with the average American "Bear" is they want instant success and want the people who are causing the problems to bail them out. Invest in America. Patience is Patriotism.
@Wealthion