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Cliff Notes: WILL STOCKS GO UP OR FALL · Earn Your Leisure

• 0:00
  Speaker 1: Coach, the energy out there felt different. What changed for
• 0:03
  Speaker 1: the team today?
• 0:03
  Speaker 2: It was the new game day scratches from the California
• 0:06
  Speaker 2: Lottery players.
• 0:07
  Speaker 3: Everything.
• 0:07
  Speaker 4: Those games sent the team's energy through the roof.
• 0:09
  Speaker 1: Are you saying it was the off field play that
• 0:11
  Speaker 1: made the difference on the field.
• 0:13
  Speaker 4: Hey, little play makes your day, and today it made
• 0:15
  Speaker 4: the game. That's all for now, coach.
• 0:18
  Speaker 1: One more question play than new Los Angeles Chargers, San
• 0:20
  Speaker 1: Francisco forty nine ers and Los Angeles Rams scratchers from
• 0:23
  Speaker 1: the California Lottery. A little play can make your day.
• 0:27
  Speaker 1: Peace made responsibly. Must be eighteen years or older to
• 0:29
  Speaker 1: purchase late or claim.
• 0:30
  Speaker 5: Let's do this Before we go to questions, I have
• 0:33
  Speaker 5: some some questions on myself that I'm sure other people
• 0:36
  Speaker 5: might be interested in. The answers to so yes, stock
• 0:41
  Speaker 5: market has hit all time high d NAS day, well
• 0:45
  Speaker 5: the NAS day, so yeah so, and the Dow Jones
• 0:50
  Speaker 5: is not far from its all time high. So pretty
• 0:53
  Speaker 5: much stock market's at all time high right now. Pretty
• 0:55
  Speaker 5: much safe to say.
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  Speaker 2: So.
• 0:59
  Speaker 5: I know people was going to be saying, like, well,
• 1:01
  Speaker 5: is this the time to sell? That's one question? One question,
• 1:04
  Speaker 5: just the time it self, And do you see a
• 1:08
  Speaker 5: correction coming, and before the year is over, a strong
• 1:12
  Speaker 5: correction coming.
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  Speaker 3: So I'll let both for you. I know you look
• 1:14
  Speaker 3: at charts a lot, Troy, so strong correction. I mean,
• 1:17
  Speaker 3: what's your charts telling you?
• 1:19
  Speaker 2: I anticipated a correction at any point? Like I said,
• 1:23
  Speaker 2: everything is at all time. I've had a contious mindset
• 1:26
  Speaker 2: since being talking to you every day, and so I've
• 1:29
  Speaker 2: prepared myself before I invest in anything. So I'm always
• 1:32
  Speaker 2: looking for a correction. But I watched the Fear and Greed.
• 1:34
  Speaker 4: Like Ian said, I'm checking the VIX as well.
• 1:38
  Speaker 2: So when he said ten, I'm like, ooh, right, and
• 1:41
  Speaker 2: so that was one of the things that I was
• 1:42
  Speaker 2: had in mind.
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  Speaker 4: I'm like, what would be a comfortable VIX number?
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  Speaker 2: I know, I think we kind of said anything between
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  Speaker 2: fifteen to twenty would be comfortable.
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  Speaker 4: If it gets to ten, be careful. But these are
• 1:51
  Speaker 4: like the indicators that.
• 1:52
  Speaker 2: We're watching, and like you said, the index can be aheade, right,
• 1:55
  Speaker 2: So if we see that the index is falling, you.
• 1:58
  Speaker 4: Should be ready, right, you should be and you should
• 2:00
  Speaker 4: know where you're going to exit.
• 2:01
  Speaker 2: I think somebody said that there's there's always a point
• 2:03
  Speaker 2: in investing that people should look out for. It's two points. Actually,
• 2:06
  Speaker 2: when you hear people say when should I buy? When
• 2:09
  Speaker 2: should I buy? When should I buy? The next thing
• 2:11
  Speaker 2: they're going to be asking you was when should I sell?
• 2:12
  Speaker 2: When should I sell? When people start saying that, you know,
• 2:16
  Speaker 2: something's happening, and what's your what's your daughters?
• 2:20
  Speaker 6: It's about a whole for thirty years. For those of
• 2:22
  Speaker 6: you that have been watching since last year, you know
• 2:24
  Speaker 6: the song and dance. For those of you that are new,
• 2:26
  Speaker 6: your homework is to go watch the episodes from last year.
• 2:29
  Speaker 6: Last year was one of the toughest times, and I
• 2:31
  Speaker 6: know hindsight would make you think that it was easy.
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  Speaker 3: Was not.
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  Speaker 4: Hole for thirty years?
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  Speaker 3: Will a pullback happened?
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  Speaker 4: Yes?
• 2:40
  Speaker 6: June July August. I told you guys last week to
• 2:42
  Speaker 6: go do the homework about the summer. Since people are
• 2:45
  Speaker 6: back outside partying, I told we.
• 2:49
  Speaker 4: Told them, told them listen.
• 2:53
  Speaker 6: June July August will present some opportunities to buy long term? Well,
• 2:58
  Speaker 6: we have a huge crash. No, unless they stopped the
• 3:03
  Speaker 6: Federal Reserve stops printing money, there will be no elongated
• 3:07
  Speaker 6: great depression kind of crash. Everyone always focuses on a
• 3:11
  Speaker 6: big short and Michael Burry is arguably one of the
• 3:14
  Speaker 6: greatest investors of all time. But if you only focus
• 3:19
  Speaker 6: on shorts in comparison to lungs, you'll probably missed out
• 3:23
  Speaker 6: on quintuple the amount of return that you could have
• 3:27
  Speaker 6: got from that same big short. The big long is
• 3:30
  Speaker 6: not as sexy, but that's where all the money is.
• 3:33
  Speaker 5: Pause pause, pause, Please Jesus Christ.
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  Speaker 3: Listen, listen.
• 3:46
  Speaker 4: Shout in New York.
• 3:47
  Speaker 6: So if you want the egg plant returns, no, but
• 3:51
  Speaker 6: I'm just being for real, like yo yo, I want
• 3:53
  Speaker 6: to try at the market and.
• 3:54
  Speaker 3: Catch the top.
• 3:55
  Speaker 6: That sounds sexy, but he had clients. You have kids
• 3:59
  Speaker 6: to take care of. And also if you're not putting
• 4:01
  Speaker 6: in eight, twelve, thirteen hours a day, And anybody who
• 4:06
  Speaker 6: even trades, they'll tell you, like, if you're going against
• 4:09
  Speaker 6: the direction of the market for five or six hundred percent,
• 4:11
  Speaker 6: why when you can catch more on the upside? Like
• 4:15
  Speaker 6: my stand, some crypto has not change the thing that
• 4:17
  Speaker 6: I do love about the community and Wall Street bets
• 4:20
  Speaker 6: the diamond hands and whole long term, like Buffet says,
• 4:22
  Speaker 6: and that all the it's the same concept. Yeah, hoddle
• 4:26
  Speaker 6: and hold for thirty It's all that's.
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  Speaker 4: A different asset class.
• 4:30
  Speaker 3: Good.
• 4:31
  Speaker 6: So yeah, we have a little pullback. And for those
• 4:33
  Speaker 6: of you who get out and sell any of your
• 4:35
  Speaker 6: long term assets, so it be a tremendous mistake.
• 4:38
  Speaker 2: But what you want to do big news today obviously,
• 4:41
  Speaker 2: I'm sure most people saw that.
• 4:42
  Speaker 3: They didn't.
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  Speaker 2: They club pulled to the Jones on CNBC and he
• 4:46
  Speaker 2: was yeah, yeah, yeah, he was. He was talking about
• 4:48
  Speaker 2: the FED meeting on Wednesday and the importance of it
• 4:50
  Speaker 2: and if there's if they ignore like everything is okay,
• 4:54
  Speaker 2: then this is a sign that we should be investing
• 4:56
  Speaker 2: in tech.
• 4:58
  Speaker 4: It's been telling y'all.
• 5:00
  Speaker 2: His prediction is twenty percent increased. I don't that's that's
• 5:03
  Speaker 2: pretty pretty pretty aggressive. So I'm interested to hear your
• 5:07
  Speaker 2: take on it, and then we just open up a
• 5:08
  Speaker 2: discussion Part Twodo.
• 5:10
  Speaker 6: Jones is the Michael Jordan features trader hands down, So
• 5:14
  Speaker 6: I will never say anything to go against him.
• 5:16
  Speaker 3: I'm arguably Kobe though, so.
• 5:22
  Speaker 6: Four healthy say so myself know the same back in
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  Speaker 6: the day, right, I'm just being real like so, but
• 5:30
  Speaker 6: if he's telling you tech, if he induces you to
• 5:33
  Speaker 6: do it, like you think, we're going to get back
• 5:35
  Speaker 6: to writing shit on loose leaf. Like most people don't
• 5:38
  Speaker 6: even know. Kids don't even know how to write in cursive,
• 5:41
  Speaker 6: I don't think. And then, also from an inflation standpoint,
• 5:44
  Speaker 6: let's say if we go to six or seven percent,
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  Speaker 6: the only advantage we will have is fintech banks and
• 5:48
  Speaker 6: then tech with a considerable edge.
• 5:50
  Speaker 4: I know everybody's like Yo Apple.
• 5:52
  Speaker 6: Has no room to run. When you have a trillion dollars,
• 5:54
  Speaker 6: there's a lot of companies you can buy, some of
• 5:57
  Speaker 6: your favorites poos to say they won't go snatch up
• 5:59
  Speaker 6: Hyo Max, or there's a lot of money to play with.
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• 8:56
  Speaker 6: Everyone go check out the interview on CNBC. Stop worrying
• 8:58
  Speaker 6: about inflation, Stop worrying about short term horizon. People do
• 9:02
  Speaker 6: that for press to sell ads and to get attention.
• 9:07
  Speaker 6: Like stop falling for the same trick month after month
• 9:11
  Speaker 6: and all this hype.
• 9:13
  Speaker 4: Kudos to prove.
• 9:14
  Speaker 6: A mom who I saw in chat says she's been
• 9:16
  Speaker 6: a VTI for ten years. Hey, put in chat along, Peter,
• 9:20
  Speaker 6: Well you're doing off that. Just invest for the long term.
• 9:23
  Speaker 6: Like if I am your competitor, which I'm not, I
• 9:26
  Speaker 6: mean your brother, your advocate, But if I was your competitor,
• 9:28
  Speaker 6: I would do everything in my power to make sure
• 9:30
  Speaker 6: that you will stop investing.
• 9:32
  Speaker 3: Yeah, that's the trick.
• 9:34
  Speaker 2: So when obviously, when they talk like that and they
• 9:37
  Speaker 2: hear inflation, people start thinking, well, if it does happen,
• 9:39
  Speaker 2: well what some type of trays that should be in
• 9:41
  Speaker 2: And so I'm just thinking from a consumer standpoint. Spots
• 9:45
  Speaker 2: like Ali Baba makes sense to me. Amazon obviously is
• 9:47
  Speaker 2: always made sense to me. Facebook, all these these type
• 9:51
  Speaker 2: of places that you can use as as a barometer,
• 9:54
  Speaker 2: say if the inflation happens, all right, this is the
• 9:57
  Speaker 2: next place. You got any other positions that you think
• 9:59
  Speaker 2: would be a nice spot.
• 10:01
  Speaker 6: Here's here's a formula, right because I'll get into my
• 10:06
  Speaker 6: full formula one day.
• 10:08
  Speaker 3: Maybe in a year, because I don't want you all
• 10:10
  Speaker 3: to copylianage, because you know I do.
• 10:12
  Speaker 4: But whatever the inflation number.
• 10:15
  Speaker 6: You need to look for companies that consistently give a
• 10:17
  Speaker 6: multiple of three whatever that number is. So inflation for me,
• 10:22
  Speaker 6: if inflation goes to nine percent, the ones that I
• 10:25
  Speaker 6: mean are going to print higher than that anyway. So
• 10:28
  Speaker 6: that's why I tell you go look at the twenty year.
• 10:31
  Speaker 6: So you want to know everything good in that under
• 10:33
  Speaker 6: good CEOs. I know, if Microsoft loses their CEO and
• 10:37
  Speaker 6: they get a volatile executive as Bomber was, I know
• 10:43
  Speaker 6: they'll probably be flat. They have a great CEO who's calm, collected,
• 10:48
  Speaker 6: great upbringing upswing is there. Microsoft built the base for
• 10:51
  Speaker 6: a long time. If Tim Cook leaves and let's say
• 10:53
  Speaker 6: Elon becomes CEO, Apple will fall flat. It will do
• 10:57
  Speaker 6: the same thing as Microsoft. But I would hedge and
• 11:00
  Speaker 6: then understand how long y'll want to build my base.
• 11:02
  Speaker 6: So when that tenure, when it bumps up, we're good.
• 11:04
  Speaker 6: That's why I keep saying. If Tesla gets a Tim Cook,
• 11:09
  Speaker 6: and let's say Elon goes to chairman and they find
• 11:12
  Speaker 6: a Tim Cook, fifteen hundred dollars price target for Tesla,
• 11:17
  Speaker 6: because in the street will get behind it, the funds
• 11:19
  Speaker 6: will get behind it. Then now you can't put Tesla
• 11:21
  Speaker 6: in a pension fund right now because of the volatility.
• 11:25
  Speaker 6: So the ones that I've proactively been in, Apple, Microsoft
• 11:28
  Speaker 6: and Video vgt, MGC, Shopify, the big, the top ten,
• 11:36
  Speaker 6: they're gonna take care of that. They're gonna But last
• 11:39
  Speaker 6: year was you know, w recovery and you recovery, and
• 11:42
  Speaker 6: last week or last month it was Doge. It's always
• 11:45
  Speaker 6: some obstacle in the way the asset that you're invested
• 11:48
  Speaker 6: in should knock all that shit out.
• 11:51
  Speaker 3: Good asset you want.
• 11:52
  Speaker 6: I've never went to sleep and invested in Apple and Microsoft.
• 11:55
  Speaker 6: I'm like, damn, I wonder inflation's gonna take my hand away.
• 11:58
  Speaker 6: You don't have a good company if that's the case.
• 12:02
  Speaker 6: So I know, you guys want something sexy and something new.
• 12:05
  Speaker 6: The top ten that have been running the world keep
• 12:07
  Speaker 6: adding to aggressively or.
• 12:10
  Speaker 3: Do what you want to do.
• 12:11
  Speaker 6: But if you want results, you'll follow.
• 12:15
  Speaker 3: Yeah, and that's something that we all talked about it before.
• 12:19
  Speaker 5: And Josh Brown, Josh Brown was on you Gotta getting
• 12:21
  Speaker 5: back on But when he was on, he was he
• 12:24
  Speaker 5: was saying that he thought, like around the summer, stocks
• 12:28
  Speaker 5: is just gonna start taking off. And yeah, a lot
• 12:31
  Speaker 5: of times people was nervous when the stocks fell, especially
• 12:35
  Speaker 5: the NASDAK. It fell pretty substantially a few months ago,
• 12:41
  Speaker 5: all the way up to like a couple of weeks ago.
• 12:44
  Speaker 3: But you know, it.
• 12:45
  Speaker 4: Wasn't that hard of a fault.
• 12:46
  Speaker 6: Even like Franklin Dino Tech that we talked about on
• 12:48
  Speaker 6: episode seven, If you guys haven't seen it like that,
• 12:51
  Speaker 6: that's been ball Man Like quality stocks are going to
• 12:55
  Speaker 6: rise here like people want. And because of crypto and
• 12:57
  Speaker 6: because of trading, people think that a multi billion dollar
• 13:03
  Speaker 6: company is supposed to print fourteen percent a day.
• 13:05
  Speaker 4: That's not real.
• 13:08
  Speaker 3: Yeah, the Dimo Tech. I spoke about the Dimon Tech.
• 13:11
  Speaker 5: Your episode, even before your episode, because when I was
• 13:14
  Speaker 5: putting the clients in the Dimon Tech fort for years,
• 13:16
  Speaker 5: and it's one of these things like QQQ. You know,
• 13:19
  Speaker 5: I really like, Yeah, it's all the technology companies, So
• 13:23
  Speaker 5: you know, we're gonna if we're gonna invest in the future,
• 13:27
  Speaker 5: you have to invest in the tech. So that's not
• 13:29
  Speaker 5: to say to put all every single investment should be technology,
• 13:32
  Speaker 5: But you know, I think that it's only common sense
• 13:36
  Speaker 5: that of course all of these companies Google, Microsoft, Apple,
• 13:39
  Speaker 5: the leaders of the pack.
• 13:41
  Speaker 3: And they're gonna get to eat lead.
• 13:42
  Speaker 5: So it's not it's not hard to figure out why
• 13:45
  Speaker 5: it's at all time high right now.
• 13:47
  Speaker 3: So at dark not too complicated.
• 13:49
  Speaker 2: Yeah, yeah, yeah, And we spoke about some of these
• 13:52
  Speaker 2: plays even in the tech field. We said, we just
• 13:54
  Speaker 2: spoke about Salesforce and you know, a few months ago
• 13:57
  Speaker 2: was at two seven. Right now it's a two forty six.
• 14:02
  Speaker 2: Right We've been speaking about it for six months already.
• 14:04
  Speaker 2: Same thing with Microsoft. I mean, we've been saying these
• 14:07
  Speaker 2: plays and it's just like, if you wanted to know
• 14:09
  Speaker 2: in go back and listen.
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