SMC Special Update 1-21-25 11-45 am Pacific

01/21/2025


Comments (2)
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Heinz75
Heinz75

Thanks for your thoughtful weekend update Peter and news of your hopeful medical situation, we're all rooting for you.

If the Stock Market Valuation chart you showed was revised to account for inflation would it tell a different story? Frequently news articles that are comparing, for example, our expenditures on the Apollo program with current lunar exploration budgets reference all the expenditures to some common fiscal year baseline because there has been a whole lot of inflation since the 1960s.

I'm curious if the same fiscal stimulus forces that have pushed the prices of gas, eggs, etc. to new levels are also impacting the stock market and this is our "new normal" vs. a scary topping pattern. The most extreme data points (above the top dashed line) on the chart are 2020-2024 when trillions of dollars were being pumped into our economy, some of which must have gone into the stock market.

daniel039209
daniel039209

Peter, you keep forgetting you have made 3 short calls( for positions--you have been saying "short " or "TOP" for 26 months) 5800 spx--covered at 5923 around 5980 covered above 6020 and this last one. 6080 covered 6039. ONLY if shorted the spy would one have had a chance to make any money. NOT one put bought would have made a nickel. Probabaly 75% or total loss on any puts purchased. Lets do better. Now, it seems you are CONVINCED we are going higher and higher still. Thank you

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