Ristori Ward, Lanar, LOW discussed on Phil's Gang



We're going to start a nother group MB to color coded chart. All you. You haven't got anything. All you do is our show, you I'll say, okay, we're going to short homebuilders. We're gonna short Lanar. Here's the price. You started at. Give you the number. Then I'll tell you. Okay. Make sure when you put that pressure on you put a stop, and we'll show exactly what that's easy to do. So if it backs off two to three percent, that's the maximum. You lose you lose two to three percents to try to make ten percent. Good Ristori ward. Discipline. That's what you need when this market's going down the market goes down ten times faster than it goes up. When they started taking bids out, you'll love it. I mean, you get addicted to shorting because when you're right that market search collapsed. He goes down so fast. You'll love it said on your show, which I do what should I do? Call and say, here's what I'm doing. What are you doing dopey? There's still telling people. Oh, everything's fine. Enjoy your life your mind. You don't pay. Don't pay attention to your portfolio now don't pay attention to what are you nuts? So we got some real consequences here. I think of the headwinds for main street, and they're trying to tell us this these guys on CNBC and FOX trying to tell us a great things are right wages are very sharp. Tell us everyday wages draw which is the biggest lie in the world. Wages are strong again wages strong. Have increased our standard of living. Yeah. Wake increase your standard of living get wages up near where you get wages up. Got to take the profits. That are putting their pocket put it back in a company. They're not going to do that. Why would they do that? When they can take your job and outsource it. Will you nuts? Homeownership said a fifty year low if that wasn't true why homeownership and fifty euro us home prices are now starting to increase the slauson eight month because there's no buyers. There's no wages if they had wages is all well. How housing prices are going up. So fast. It's not the housing price. Every blames the housing price is the wages that they're the problem wages. So you got new home sales dropping to eight month low you got existing home sales folly three month. Low got pending home sales falling right. Six months low. And it's all comes the wages. And that our household. That's thirteen trillion that exceeds two thousand eight peak when the market crash..

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