so i listened to like 20 minutes of it |
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because one of the things i've been |
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saying i think this is the third week |
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believe that a 38 trillion dollar stock |
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the two big things home prices are now |
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moderating fourth month in a row that |
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DATE
fourth month in a row
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these two things get the fed closer to |
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stimulating for six months longer than |
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but another sort of 900 point intraday |
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declare it one way or the other in terms |
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move seemed today it was 100 within the |
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range of the last five trading days so |
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DATE
the last five trading days
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market's been contending with for three |
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doing for three weeks as opposed to you |
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know all of a sudden at you know 2 30 |
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these levels on the s p it will be 10 |
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nasdaq is now about 16 |
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the s p did 30 |
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and the max drawdown was 5.7 |
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drawdown over the last 94 years is 16 |
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typical drawdowns uh in 59 of those |
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cases you're down in excess of of 10 |
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in 24 of them you're down more than 20 |
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just because you have a sixteen percent |
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PERCENT
a sixteen percent
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three out of five instances the market |
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way 1987. so we have to understand that |
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five percent in any given year the |
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problem we have is that 25 million new |
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last 18 months and they just haven't |
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seen other than march of 2020 |
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