10 Comments

I'm 88 and has been at this since 1960 and am amazed how everyone is desperate to be told what to do. Learn the game, study history, be responsible for your own decisions. David and other Gurus can't see the future and their stock advice is only good for a moment as stocks are always fluctuating. investing and trading are different in bull markets and bear markets like today. 10 years of easy money are over. More stocks go down than up and T-Bill rates are at 5.25%, welcome to the 70s and 80s, much different than 2010-2021. A great indicator for now is the SPX earning yield- 6Mo t-bill YLD now at -.95, was at -.37 2/10/ 23. I do not expect the bear mkt to end untill this indicator is positive and the SPX 200 day avg slopes up.

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Congratulations on winning the longevity race!

This is what I figured out years ago regarding markets and just about everything else in life. And that is ...if you want everyone else's results, do what every one else does. But if you want a different result, do something else. 'Something else' invariably translates over into having to think for one's self. And so considering this well, I too am amazed how desperate the cattle are to follow the herd.

How refreshing to read your comment!

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Thanks, not there yet. When I am still lifting weights twice a week with maximum contration when past 100 I will consider case closed. Started at 70

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Yeah,great, support climate pseudo science and trade barriers poorly disguised as "care for environment "

It is sad how even intelligent are usually quickly manipulated to conform to the prevailing narratives....

And then they will be surprised when we will have higher prices and more wars (where trade doesn't cross borders, bullets do).

Support a tax on burning coal and/or tariffs on the leading coal-consuming countries that are also massive exporters (I do)*;

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Thank you Mr. Hay. As always, useful information with a side of knowledgeable commentary.

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Perplexed as to why people are against immigration to solve a worker shortage. Immigrants are usually the ones who are actually working lol. And for lower pay as well. Win-win. Perplexing.

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Perhaps a well run country would not need immigration. Perhaps a well run country could replace it numbers, educate its people beyond Woke incompetence. Perhaps a need for immigration is more a symptom of a severe dysfunctional society than anything else. Perplexing.

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Not so remarkable if you take into account he is largest contractor of the DOE (all his projects/companies combined)

Musk has many flaws but he has been able to accomplish some truly remarkable feats… including constantly skirting around SEC regulations with but a few wrist-slaps as a result.

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As always, we appreciate your insights, David. Thanks!

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