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hey what's up Good People how you doing today hey if you're new to the page you already know hit the like subscribe and notification Bell but if you're already subscribed don't hit that button you will be unsubscribing ever since I've been saying that my subscriptions have been rosing or Rising thank you so much and we're going to talk about some important dates that you need to know right now we may touch on Netflix and uh a lot of people ask from my yesterday's video I'm going to uh leave that video in this box here the video that I posted yesterday I believe that everyone should watch it very important stuff um and something you need to know about the overall market and inflation so everyone please watch this uh the video that's in this box at the end of this video okay so let's just get uh right to it so what I want to say today is uh I want to answer a question that many ass yesterday I posed a question do you think we have bottomed out now my answer right off the back is no we have not bottomed out even though we have a green day today we had a green day yesterday everything seems uh good green and uh Rosy but we have to understand one day or two day does not change the trajectory of the whole market now you know if I'm proven wrong I still can't win because I've been dollar cost averaging that's why we dollar calls average right so you know we've been doing that with money that we don't miss remember for those of you that's taking the five dollar day challenge it doesn't literally means five dollars a day it means whatever you can afford Starbucks money you're going out money you know what I'm saying and so my um as a matter of fact let me show you an article now articles but let's read this article the S P 500 Index is down 25 from its peak all right and so as you can see here uh oh you can't see my pointer there let me just keep it going so if you keep reading down typically what happens is um it falls by about 38 okay so read the whole article I don't want to waste your time with that but it falls by about 38 if you keep reading down right now that's close to an article that I showed you guys on average over every recession of that the market has fallen on average around 39 so 38 percent will will take that right and so knowing that this is based on your individual belief what you believe now Larry I believe that the worst is yet to come I also now believe that the hard recession will be in the first half of 2023.
it's just a prediction okay nobody can call the bottom nobody knows for sure based on the data that I see that's what I see coming okay so I got a few things that I want to tell you about important dates right now so the two biggest dates that I want you guys to remember is uh the fomc meeting that will be the first and the second of November right the feds fomc meeting they will be discussing the data of the market you know they will be discussing October's data in November right you need time for that to come out now I want you to watch the video that's going to be on the back of this because it's going to show you how out of sync that data is and I agree with uh Jeremy Siegel all right the college the the professor should I say uh Jeremy Siegel who's a smart brilliant man remember you got to watch this video after this one okay then you have the job report summary uh that will come out and that will be Friday November 4th so remember the first uh of November fomc meeting is generally when they talk about the rate hikes right the second you're going to have a lot of volatility on the second because the FED will be talking and we know that when the FED talks the market walks the market does not like when the FED talk okay so I'm gonna try to be live on one or both of those okay I'm gonna try but I want to keep you guys Fed so remember there is no reason to be all risk on I'm still risk off let all of this negative news come through right and I'm risk off you don't have to catch stocks or crypto at the bottom you just have to start while it's down not at the very bottom nobody can catch the bottom you can't time the market if you time the market you gotta you gotta know where the absolute bottom is and you have to know where the absolute top is but you could also miss the market that's why I dollar cost average right and then when I see fit when I see the market not that it has to come down 39 percent but 39 ish and then I don't care if it goes a little lower because I'm in the game okay so we're just going to keep that that's what my theology is you let me know in the comments what your theology is okay uh so I want you to know those dates now the job reports will be released at 8 30 a.m eastern time so New York Times so that's 7 30 Chicago time right and that's like 5 30 a.m uh La time all right you guys do the math right so I wanted to talk about that so remember check out this uh article in MooMoo because it will help you to understand where we are in this market and I agree with it okay so let's go to uh this window let's look at where we are today in the indices now uh I am two hours before I'm sorry I'm an hour and a half before the market closed closes today when you listen or look at anybody's video including mine make sure you date it look at the date and the time okay so we're doing good look at that we're doing good uh the Dial's still up for it was like up 550 points when I saw it earlier it may have went up to you know uh 600 points but still doing good after a day like yesterday we'll take it so let me talk about uh Netflix and then I'm gonna tell you uh a move that I'm making so let's talk about Netflix for a minute look at Netflix year to date all right so Netflix uh are going to be doing their earnings Netflix at the beginning of this year was up 591 dollars and look at it now 243.
look at Netflix over the last year Netflix has tanked 62 percent over the last year just this year alone it has tanked 60 percent just a straight just a straight fall down now Larry is Netflix a buy at this point you know what I don't know because it was overpriced right uh it was the PE as you could see the PE is still 21.51 but I could tell you one thing it's a better buy now than it was at the beginning of the year Larry are you buying it no I'm not buying it because I am as far as streaming services go um I just think that Disney is a better call because Disney has more revenue streams will I get Netflix probably so at one point because at some point at some point Netflix is just going to be beaten down to a ridiculously low price then I'm gonna get in to Netflix and Disney so there is no either or for me I I could buy Tesla but I can also buy Ford I could buy rivian and I can buy Tesla and win in both the thing is the price action and where do you think it enters into the position where it's oversold and um that's why when people put these polls up which one I never participate in that because there's no such thing in most cases for me I just want want to win and win all right so let's look at this let me wrap this up let's look at this so this is the dollar Index right as you can see it keeps vacillating between as you can see it's up just a little bit green now reason why I'm showing you the dollar Index is because you guys know that I Dibble with the sqq and the tqq so I um got a little of the tqq right so after it went down I got a little tqq around right here I didn't catch the bottom let me blow that up for you guys I didn't catch the bottom right I'm glad I didn't get into it at the beginning of the day because it could have been a red day so I waited till it bottomed out so I caught some tqq here I'm up a little bit right but I'm going to monitor it and I'm going to uh sell it today probably right after I get to this get well I'm sorry get through or with this broadcast so now let's go to the sqq okay so here's what I'm doing in the short term because I am going as you expected it's going to be completely inverse right here's the tqq in the blue and here's the sqq right so what I'm trying to do is I'm going to sell my tqq at some point today probably as soon as I get off of this and I'm going to buy the sqq queue and the reason why I'm buying buying the sqq is because I believe that uh it'll be a better yield for me I believe in short term the market May cool off or go the other way now this does not get like Larry I'm just telling you guys I'm showing you guys how I invest without you know there's a lot of things I don't discuss with you guys these are some of the ways where I just make a little money I'm not going in heavy I'm not gambling don't do it don't be like me hey let me do this right now anything I say is not a suggestion for you to buy hold a sale you're responsible for your own due diligence I'm just showing you how sometimes I'll buy the two the tqq and the sqq in the same day make money um going down make money going up and I just simply uh look at volume I look at the dollar and when the dollar uh starts to get positive that's when I started to by the sqq all right remember dollar strong Market week dollar goes up Market goes down all right so that's all the things that I want to wait a minute this is something else I want to talk about um uh yeah that's it good people that's what I wanted to tell you guys um I wanted to talk about uh not being in too early I would not be dumping a lot of money uh uh into Netflix for those of you that says hey now if it enters your buy Point remember this you have to stick to your own convictions if if Netflix enters your buy point then you should buy based on what you think okay I'm just talking about what I think and I'm showing you guys my plays remember there is no one right way to make money I know many different investors that have many different investing Styles and they all make money but on the flip side I know people that don't have any type of uh style or or what they studied and they just fomo and miss out right so they they fomo and buy at the top and then when it bottoms out they sell out of fear and you just keep losing that way okay hey we talk about this great wealth transfer I believe that it's here I believe that it started in 2020 but we gotta do our due diligence to get what's ours you guys know that just like this article that I showed you it was sent to me through a Mumu so make sure a lot of people have downloaded it but you gotta fund it first to get the free stock if you want the 15 free stock then you have to fund it all right so just put a hundred dollars in there hey I'm Gonna Leave it right there wanted to get this one out early to you guys I love you guys as always remember make sure in signing off that you are subscribed so when you hit that subscribe button it should be darkened okay and so just make sure that that continues to happen and if you really want to help your family then share this page because when we are when when the hard recession hits and the market is just tanking tanking tanking not only will I continue to help you make money but I'm going to help your family members make money make sure if you're a woman make sure your husband your boyfriends if you're a man make sure that your your wife your kids your nieces your nephews your whole household just make sure everybody's getting this information this prolonged time is actually a blessing because it gives us time to get cash and a plan all right I love you guys live love laugh and learn
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