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Can the lunatic stocks continue to drive these markets higher?

November 19, 2015

Rick Ackerman provides his outlook on the lunatic stocks and why he thinks they could continue to move higher. We then shift focus to the US dollar. Is the move down today noteworthy and the start of a new trend or just a temporary thing?

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Discussion
10 Comments
    bb
    Nov 19, 2015 19:39 AM

    Rick
    Caught your interview at goldswitzerland, thx for that one, I really enjoyed it, will probably listen again.
    Your pivot point trading sure seems to work, but the common sense is good to hear.
    Don’t know if your the only person Ive heard it from but a shoebox full of small bills is probobly wise to have around.

      Nov 19, 2015 19:07 AM

      I actually have a shoebox full of small bills. Old timers call is mad money. 🙂

    Nov 19, 2015 19:57 AM

    It’s the fascist business model. All resources are sucked up by a few favored companies. They will continue to borrow at not much over 0% and acquire other companies and do share buybacks. The big get bigger thanks to the Fed. Do mom and pop start ups have access to capital like GOOG (which is literally going to take over the internet soon)?

    bb
    Nov 19, 2015 19:51 PM

    This started long ago Spanky, but that’s how it works alright.

    I believe Bertrand Russel in the early 50s wrote that if everyone bought only union products the entire nation would be union in 20 years, sumtin like that.
    But tradesmen (union guys) bought cheaper tools etc, when Walmart moved into Canada, there were multiple warnings saying good bye mom and pops, but people wanted the cheaper goods.
    So, off shore the companies went and now people are so poor they get to thank these big corporations for child slave labour. (see dollarama lately?)(shoulda bought shares right?)lol
    Just they way it works, people are greedy and care only for themselves in the immediate, to heck with the consequences.

      Nov 19, 2015 19:26 PM

      Sad commentary bb but you probably have it right.

    Nov 19, 2015 19:53 PM

    Rick is right on like always!

    Nov 19, 2015 19:56 PM

    I went out tonight and Walking street in Pattaya was full of Russians and Arabs.
    The fast money is flowing! inflate or die say the central banks…

    Nov 19, 2015 19:57 PM

    Great show tonight guys!

    Nov 19, 2015 19:47 PM

    I had an order for Netflixe a long time ago at 300 and I chickened out as it approached 300 and it came down to exactly 300 and bounced. I sold my amazon near 320 too. Could have made a ton of money.