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Dear Reader, as you know from our pieces, at times we refer to our unpublished book that we feel will help America, and possibly the world. You also realize that we do not clutter our page with ads. Money is a means and not a goal. We seek to make life better. With that said, our founder, John Lipareli has his first book published - to make a name for himself that could help get his political and economic work a reality. You can buy at Amazon Books. It is called, "The Legend of the Afghan Hound." It is general and family reading. Kids 9 to 15 will love it as well as pet lovers and history buffs. It is a sweeping saga that begins in ancient Egypt in a time of anxiety and war and ends in Bethlehem with hope and love. Adults will be attracted by the theme of "love in action." By that I mean the sacrifices that we make for each other. It is a Christmas classic and makes an excellent gift. Please, support his work. Thank you.
Important Notes:
The government has always used the market when it is in a rally mode as a reflection of the current administration. The economy is good and that is why the market is up. We say this is over as the two are no longer aligned. Just like we informed you that our economy has been under a "stealth recession" since COVID-19. There has been no media recognition, but you know it is true because all of us struggle with the essentials: food, shelter and energy. Home ownership is unaffordable. Rents eat up to 50% of income. Who buys eggs? Oh yeah, the government does not include the three that you need every day in their phony inflation formula. Citizens are disenfranchised. We blame both political parties as they are both hypocrites.
You can see this in this year's rally in the market as the true breaking point between the economy and market price. Retail or individual buying no longer moves the market. It is institutions, hedge funds, pensions and big buyers. Who else can afford the risk in the Magnificent -7? Their PE/ratio is off the charts not to mention their share price is very expensive. However, if you were able to buy some shares, you get taken for a wonderful ride that grows your dollars and gives you some economic breathing room. For the rest of us, if we time things correctly, like with our precious metals, we make a buck once in awhile. We include this Magnificent 7, but we prefer the actual, original movie.
Apple: Price last Friday was $278. It was $200 in August. Non-stop money in the bank. Amazon: Price was $229 last Friday. It was $165 in April. Meta: Price closed at $673 last Friday. It was $480 last April. Nvidia: Price was $90 last April and closed at $182 on Friday. Google: Pric was $150 last April and $322 on Friday. Microsoft: Price was $350 last April and $483 on Friday. Tesla: Price was $220 last April and even with the pullback was $455 last Friday. MONEY, MONEY, MONEY!!!!
Recently, we have seen strong market pullbacks. The various points that we present from week to week are beginning to grab attention: layoffs, store closings, auto delinquencies and credit card debt. The ups and downs of the two wars are still not settled. Some of the big boys have noticed, but they have begun distribution. They are moving into AI, data centers and the infrastructure to supply the other two. They have a government that rewards them with tax breaks that fool the general public. Our debt is growing beyond our ability to repay it? They care less. They see the game as never ending. They see pressure on the Federal Reserve to lower interest rates. The Fed "put" is back in their pocket. Their Christmas stocking is full of all their wishes. This market will rally into the new year. It will be some time in February when Christmas help is laid off that a new reality may see the light of day. As for now, the market and its price bears no reflection to your individual, economic struggles, the people of Ukraine or Gaza and whether you have a stocking and a wish sandwich. You know, you have two pieces of bread and you wish you had something to put in it. Peace.
