Afternoon Note
I'm loving the resolve on display from the market today. The set up was perfect, with all the major indices bolting higher at the open. Right on cue, and according to the script, the NASDAQ stumbled into the red, fast. Soon, the others followed.
Today is all about the NASDAQ, however, and whether it can find its footing. The pain is now more serious. On that note, folks, most of these are amazing growth companies, and their share prices will reflect that at some point. Keep that in mind before taking a huge loss.
It was a year ago when the wheels began to fall off the rally, and it was the experts that blinked. Individual investors stepped up and have made amazing fortune. Trading and banking gains is fine, and I hope you have done that often enough to be cool right now.
Conversely, buying opportunities is how people make fortunes, so pay closer attention for the turn that will be as swift as the pullback. Just as I always caution that any stocks that could go up 5 to 10% at a time can, they can also go down as much. The same is true, reading that statement backwards.
The economy is riding the waves of momentum in place, even before the lockdown crash last year. It has resumed, and it won't be officially derailed this year. On the contrary, it’s only going to get stronger in the second half, and I think it carries the stock market higher.
Comments |
Thanks Charles for the confidence...I was walking that fine line this morning after taking a beating one day after another this whole week." Keep that in mind before taking huge losses," and "be cool right now, " says volumes ... your show is on , see ya . J JIM COOKE on 3/5/2021 2:01:19 PM |
Thanks for the positive outlook. Tom J on 3/5/2021 2:22:22 PM |
Charles, Love your show and insight !!! Now I can get your newsletter off the web. Thanks for the info !!! David Ehrensperger on 3/5/2021 2:47:30 PM |
Keep on keeping on... You are looking great! ALISON HARRIS on 3/5/2021 2:48:18 PM |
Charles, I appreciate your show and your thoughts everyday. I'm always reminded that these days are the shopping days and to always take out the earnings. You have the best show on TV!! Anastasia Geramanis on 3/5/2021 2:53:17 PM |
I watch u everyday at 2 .trying to learn my friend. Big fan!! Poor boy from Jersey city Derick Veerden on 3/5/2021 3:03:54 PM |
Thank you Charles for continuing to push crude oil and commodities. I also got into transportation, thanks to your show! Sylvia Rogers on 3/5/2021 3:13:48 PM |
Thank you Sylvia. CP Charles Payne on 3/5/2021 3:14:55 PM |
I believe the NASDAQ is caught between the no man's land of complete Covid economic recovery and rising interest rates. The catchup to get back to post-Covid normal has also been creating supply shortages and excessive government stimulus that is also increasing prices in goods and services. It really as simple as to only when the US reaches herd immunity will we see the big increases in US GDP predicted this year for all markets including the NASDAQ. This should start in August and last through the end of 2021. All bets are off in 2022 because the Democrat agenda of vast taxes will kick in. At that time I believe we will see stagflation reminiscent of the 1970s. Ken Schulkin on 3/5/2021 3:19:47 PM |
Hey Chuck! I picked up a hardcover edition of The Last of the Mohicans for 13 bucks and plan to sell it for $3 grand on EBAY. Thanks for the idea.... Patrick J Pedley on 3/5/2021 6:06:04 PM |
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