TWIST 23 - Trading with Fear and Greed (Aug 23, 2019)
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🗓️ 23 August 2019
⏱️ 11 minutes
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| 0:00.0 | This week in Steady Trade with Tim Bowen. |
| 0:02.7 | Why don't you just shut the hell up? |
| 0:06.2 | Welcome back to this week in steady trade. |
| 0:09.5 | I'm going to talk about, you know, this is an opinion piece as the SPY goes green. |
| 0:16.1 | Oddly enough, we're going to talk about the impending market crash that everyone seems to think is coming. |
| 0:25.0 | And my opinion on why I think this is a foolish approach, I think it's short-sighted, I think it's |
| 0:31.2 | unwise, and I think you're missing out on an incredible opportunity by being timid in a market like this. So I'm sure you've seen the headlines. |
| 0:42.1 | I mean, one of the reasons I'm doing this week in steady trade based on this topic is if you go |
| 0:49.1 | to your Google search, if you look at the top trending market type search terms, it's market crash. It's, |
| 0:57.0 | you know, stock market crash, you know, et cetera, et cetera, you know, when will the market |
| 1:02.1 | crash? Is the market going to crash? So on and so forth. And my opinion is we're a long |
| 1:06.6 | ways away. Listen, and the biggest thing I want you to focus on is don't be scared to |
| 1:14.4 | speculate right now. I mean, this is an incredible market we're in. Yes, we are, you know, |
| 1:20.3 | whatever eight or nine years into this run. I started day trading in 2007, 2008, because that was the last correction, you know, market |
| 1:31.7 | crash, I guess you could call it. I mean, even though it didn't last that long, bring up the |
| 1:35.9 | 10-year chart of the SPI and you'll see. I mean, sure, 2007, 2008 was brutal, but it wasn't that long. And actually, let me bring up a 20 year. It wasn't that long |
| 1:49.4 | after that crash right here. You know, fast forward to 2011, and we were all the way back at |
| 1:58.2 | highs. Now, I get it. That was a long three to four years, but geez, just think about if you took that as a buying opportunity. Think about if you took it as a buying opportunity last December. I'm talking about this poll here on Christmas Eve. I mean, it was a huge poll into the market. We had an ugly couple days, couple weeks, and then it wasn't soon after |
| 2:19.0 | we were back all the way at the highs. So, now, is there a possibility of a market crash? Surely. |
| 2:26.3 | I mean, I mean, there's always this possibility, but don't try and guess these things. I mean, |
| 2:34.0 | listen, you can look at the 10-year interest rate. |
| 2:37.0 | You can look at the inverted yield curve. |
... |
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