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Of course, I’m buying!

Nov 08, 2021

Good morning!

The Fed did manage to thread the needle and, as I suggested may be the case, the market took things in stride.

Here’s my playbook.

1 – Whoa nellie … tapering could be good for markets!?

This is going to catch a lot of folks by surprise but none more so than the perma-bears.

Market history suggests that as much as 80% of all stocks will run higher. The last taper was mid-December 2013 to October 2014 and the S&P 500 rose 11.5%. The death of equities is totally overrated. In fact, more than 60 instances of a 5% pullback dating back to WWII ended with the markets rising 92% of the time. (Read)

Powell is leaving rates alone which means it’s time to get on the gas (again)!

2 – Of course I’m buying!

Tesla CEO Elon Musk is going to be selling 10% of his shares and the stock’s down 5% in pre-market.

So what!!!

He’s selling to avoid a massive multi-billion-dollar tax hit. He is not leaving the company nor is he taking a holiday. Every seller has a buyer and I will be amongst ‘em. Watch my take with the fabulous Stuart Varney just before today’s opening bell.

Sell puts, buy a share or two, pick up a fund that owns Tesla … there are all sorts of ways to get on board.

3 – Chinese spies have nothing on Meta

Finally! There are questions being raised by people other than me about how invasive the Metaverse will be. The personal information that Team Zuckerberg will gather as part of the Metaverse should terrify you. How do you think they’re going to create avatars? Control dialogue, protect privacy? Short answer … they won’t. Privacy laws with real teeth will be the outcome. (Read)

I still won’t touch FB stock but I may sell a few more puts. Or, perhaps take profits on those I’ve already sold and call it a day.

4 – Trim and plant

NVDA/TSLA = big money. My grandmother, a fabulous global investor in her own right who took a small life insurance settlement and turned it into everything she needed to live the rest of her life, used to say “trim and plant” when it comes to big winners. It would be irresponsible not to take some money off the table at this point and “plant” it in new stocks like the two I recommended last Friday. (Get access now).

5 – Bitcoin … don’t ‘cha just hate it when that happens!

Prices for both Bitcoin and Ethereum are higher again at $65,360.40 and $4,710.92 respectively. It is game on and, as I explained in the most recent November issue of One Bar Ahead™, you ain’t seen nothing yet! (Read)