Bakes' Takes Podcast 3/6/21 1) Bubble? 2) How to SELL stocks! 3) Commodities around 100-year lows

Bakes’ Takes Podcast Show Notes Saturday  

March 6, 2021

 

:23 1) Bubble?

2) How to sell stocks!              

3) Commodities around 100- year lows

 

:38 Why I do this—Bobby, Jack, please listen in.

 

‘87 crash, journey, technical analysis first, fundamentals second, not right or wrong, just works for me. read WSJ, Barron’s Economist, listen to podcasts, devour relevant newsletters, monitor what Google alerts bring. Point you to them, but if you don’t want to do that, please know that I’ll do it for you and I eat home cooking, I have no conflicts.

 

1:30 Not investment advice. Please conduct, and share, your own due diligence.

 

1:45 Bakes’ Take—Fan Mail! Calls! Questions! Mike!

 

2:04 Bubble? I LOVE THIS QUESTION! Here is what you do…

 

2:17 Bobby—chart

 

Buffet Indicator—stocks to GDP at all time highs

 

You are here, why bonds matter

 

Bakes’ Take—Valuations poor, can’t handle rates up much more, watch 200 dma’s

 

New Bakes’ Take—no bubble, but expensive, know how to sell

 

3:58 Bill O’Neil—How to Make Money Selling Stocks Short

CSCO—2000, $80 to $12, down 85% in 18 months

 

Royal Caribbean/RCL--$111 down to $86, down 22% in one year, plan ahead

 

8:23 Bakes’ Take—Plan now, sell 1/3 break 200 dma, 1/3 50 dma crosses below 200 dma, 1/3 200 dma turns down

 

8:51 Please share this with your RH or RR friends, send your other stocks/ideas and I will offer strategy for them as well. Please stay tuned.

 

9:02 Bakes’ Takes—My Themes/Groups

 

9:05 Bakes’ Take-Like my etf’s, watching 200 dma’s know market is not cheap

 

       

Bakes’ Take—Podcasts of the Week!

 

Bakes’ Take—Reporters of the Week!

 

10:13 Bakes’ Take—Charts/Tweets/Posts of the Week!

 

10:55 Commodities—around 100-year lows, #uranium # copper #short bonds #agriculture #bitcoin

Jim Bianco—commodities up 16%+ first two months, going back to 1973, 2^nd best year vs. 2003

 

13:34 Ed Yardeni—after current quarter GDP expansion in record-high territory, “the economy is hot and will get hotter with the bonfire of the fiscal and monetary insanities”

15:14 Bill Gates/TerraPower—Nuclear is ESG, my words not his, SMR’s a solution, yes, good for #uranium

https://www.cbsnews.com/video/bill-gates-climate-change-60-minutes-2021-02-14/#x

 

16:35 Jim Bianco—GBTC at a discount, bullish previous first, second times

17:27 Jurrien Timmer, Director of Global Macro, Fidelity, watch 2% inflation, above or below, P/E’s decline

 

Please also subscribe to my Bakes’ Takes YouTube Channel, the audio is the same but the charts that I reference are on the screen. Follow us on Twitter @BakesTakes_ and other social media. Please, please use your voice memo app, tape your question(s) and email to bakes@bakestakespodcast.com or write if you prefer. I will also keep you anonymous is you’d like.

 

Thank you for listening, Mike Wilson is my producer.

 

Have a great week. Bakes

 

Much needed levity…

 

https://www.youtube.com/watch?v=hmNOe94Kz3Q

19:08 Gabriel Iglesias, Cuban Coffee almost killed me