by Robert Holman | The Defensive Advisor | December 15, 2020
MARKET BULLISH … Rating of 7 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish.
A $900 billion bi-partisan stimulus package of some sort seems likely soon. Congress is running out of time to get this done.
The high-flying stocks are extremely highly valued. Lately, economic news has not been good, but that was expected. The market is looking at the post-vaccine US that is coming this summer. Few are talking about when a day of reckoning might be coming and the market slips backwards for a time. It’s like the issue is just being ignored. I’m staying watchful to protect our profits.
There’s reason to be optimistic. The vaccines. There is also evidence of an existing medicine that may “prevent” contracting the virus – it is called IVERMECTIN, and it became a Nobel Prize winning drug in 2015 for its original purpose. Dr. Pierre Kory presented before Congress. He is part of a consortium of doctors, that have been published over 2,000 times, who for the last 9 months have been looking for an existing drug that could be repurposed to fight and conquer/defeat Covid-19.
Big Tech has been out of favor for awhile; I wonder if that will reverse soon. I’m hearing that Tesla is the most crowded trade on the Street right now. Tesla, Oracle and HP all moving to Texas to avoid California state income and sales taxes (CA – 13.3% and 7.25%, TX – 0.0% and 6.25%). New Yorkers are moving to Florida for mostly the same reasons.
Over the last month or so, Gold has pulled back and Bitcoin has advanced. Gold is up today. There are a couple of new ways to buy Bitcoin – in a PayPal account and in a Square account. There are restrictions, including you cannot withdraw Bitcoin from these accounts – you just can buy and sell. I am NOT, NOT, NOT recommending a purchase of Bitcoin, just providing possibly useful information.
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Opinions voiced in this post are for general information only and are not intended to provide specific advice or recommendations for any individual, without complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss. Past performance does not guarantee future results.