Are You FREAKING Serious? It's ALWAYS About Money

After 50 years on Wall Street and 35 years in radio ,television and the internet it's time to bid adieu. Mahalo to all my faithful listeners through the years and ALOHA! 

President Biden gave the State of the Union address Tuesday evening. I was riveted especially when he said "let's finish the job." That of course is code for "4 more years." Soooooo, I thought I'd fact check the core of his speech which was that "the U.S. economy is in great shape and much better times are just around the corner." This show is the result of what I found. HEY JOE, Are You Freaking Serious?! 

During the pandemic people were buying and companies were shipping.......in CARDBOARD. Prices rose 55%. New production facilities were built and supply ramped up to meet demand. Even the NASDAQ said it would last forever, up !0% in January. That hasn't been done since Jan 2001. What happened next wasn't pretty, a 50% drop. Could this be Deja Vu, all over again?

In 2008 securitization spelled doom for the Homebuilders. Now it's Deja Vu, all over again, but this time it's mortgage rates. Homebuilder stocks didn't see it then and they don't see it now,
AND that spells opportunity on the SHORT side.

Retail is leveraging and buying like there's no tomorrow. Insiders are still selling. Some one is right and someone is wrong. Perhaps we'll find the answer in the most recent CPI report? Stay tuned it should be fun.

We start the year with a new title and a new focus. 2022 has made me realize, that no matter how you describe the BS in the world, at the end of the day, "It's Always About Money."

From Madoff to Bankman-Fried  and Housing to Cryptos, the bubbles are bursting right in front of our eyes. 

So we can't say Merry Christmas any more it must be Happy Holidays and all that that means.

Since the inception of the Fed in 1913 they have made mistake after mistake. But nothing can hold a candle to the most recent decisions that are putting us on the path to financial ruin.

Today we explore a little  in the world of technical analysis to tell us what is setting up. Do I have a crystal ball? Of course not. But I can read charts and they say things don't look pretty.