A week ago, the Consumer Price Index (CPI) report showed record inflation still at 40-year record highs, sending the market sinking like a stone. Then Wednesday, when The Fed raised rates three-quarters of a percent — the single biggest rate increase in nearly 30 years. The double whammy rocked markets — ending their 3 week uptick with the worst week since March 2020, and putting them firmly in bear market territory.
Today, our pros seek to calm your nerves with a dose of market straight-talk, as they cover:
Jack Carter drops in to tell us why Wall Street pros aren’t panicking right now. He explains that in this market you need to stop thinking of whether your portfolio is up or down — and instead, like a business owner, think about cash flow. And now offer he’s making an exclusive offer to Ask The Pros viewers: Grab his Powerhouse Portfolio Report for just $5. In it, show you exactly how he builds his cash flow portfolio that generates monthly cash flow for him — even in this crazy market climate!
And if you claim this offer now, you’ll be invited to a live class this coming Tuesday where he’ll walk you through all the steps and answer your questions. Don’t miss out on his offer — Click here to claim it now!
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►Click To View This Episode's Transcript◄1 00:00:00.000 --> 00:00:09.990 Celeste Lindman: feeling like you've been equipped you feel like you kind of got an idea of what's going on in the market, hopefully, you do because you've been here listening to these pros so. 2 00:00:10.590 --> 00:00:12.150 Celeste Lindman: Type in, let us know how are you doing. 3 00:00:12.840 --> 00:00:23.220 Celeste Lindman: We want to hear, I want to help you that's why we come here, week after week here at ask the pros we get into the minds of these great professional traders, we want to find out exactly how they're thinking in fact. 4 00:00:23.490 --> 00:00:26.760 Celeste Lindman: Some of the questions that we have today are designed just to get into their brain. 5 00:00:27.030 --> 00:00:38.760 Celeste Lindman: and giving you an opportunity to see if you think like they do, because once you start thinking like them you don't have to look like them, but once you start thinking like them, then you know you're really got some really great. 6 00:00:39.270 --> 00:00:48.390 Celeste Lindman: power in this market so let's go ahead and we'll get started, my name is Celeste lemon, by the way, and one of the things I want to make sure you take away with you today. 7 00:00:48.630 --> 00:00:58.080 Celeste Lindman: Is a trading plan of action so make sure you listen for that get that and study it over the weekend and be prepared for next week and then I also want you to make sure you pick up. 8 00:00:58.380 --> 00:01:03.750 Celeste Lindman: On some key patterns, things are going on in the market that are a little bit different so. 9 00:01:04.200 --> 00:01:17.850 Celeste Lindman: Listen up for that that's going to help you, with your trading as well, so hey guys let's go ahead and kind of get started here a little bit hey Tom from everything that you've heard from your customers, this week, what would you say is the lesson that they need to take away. 10 00:01:18.780 --> 00:01:25.470 Tom Busby: Well, first of all, everybody from the barbershop to the bank to customers everybody. 11 00:01:25.950 --> 00:01:34.200 Tom Busby: is focused on inflation, I mean you know you go to the grocery store and everything's up if you can, if you can find those shelves are starting to be. 12 00:01:34.740 --> 00:01:43.470 Tom Busby: A little empty tomb certain items and then of course you go to the gas station, and you know you're paying over $5 free gas. 13 00:01:44.010 --> 00:01:54.360 Tom Busby: And, and so you get this constant reminder about inflation, I think that's the top issue facing not only investors is facing. 14 00:01:55.050 --> 00:02:07.680 Tom Busby: Anybody involved in trying to you know live their life, right now, you know what do you do that's number one number two, I think the market is it a bear market, and if you go back to. 15 00:02:09.180 --> 00:02:18.420 Tom Busby: Thursday, yet I said that that once we broke that 4070 i've talked about it for a couple weeks once we broke it we call it a mercy flash meeting. 16 00:02:18.870 --> 00:02:35.130 Tom Busby: And down, we went where this is what blowing my mind with 3661 we're back we've wiped out, almost two years 18 months so where the market gain. 17 00:02:35.760 --> 00:02:44.190 Tom Busby: In a very short period of time, you know we talked about five months, and so I think that those are just a couple things there. 18 00:02:44.820 --> 00:02:56.760 Tom Busby: That interest is funny you know people are asking about CV X and X le and nothing all market right now is getting pulled down by. 19 00:02:57.360 --> 00:03:14.280 Tom Busby: Everybody selling everything else, because they need to take gains to pay for their losses i've talked about this over and over again and and so there's the opportunity there's a big opportunity for everybody, like if I look at this i'm sitting here smiling. 20 00:03:15.630 --> 00:03:41.460 Tom Busby: You know we've got sq qq cross the board and all our services just about it, you know we talked about the sq qq, and that is one unbelievable way to play the short term moves, I mean it's just incredible so what I would tell people is wake up educate yourself. 21 00:03:42.840 --> 00:03:52.140 Tom Busby: focus on the simple part of making money don't try to make this hard don't try to call a bottom don't try to call you know. 22 00:03:53.580 --> 00:04:09.900 Tom Busby: You can't look out there, like you could six months ago you got to stay focused on near term and what's happening there's an opportunity look for the s&p s&p to move 100 points in a day, what does that tell you. 23 00:04:10.920 --> 00:04:11.220 Celeste Lindman: tells you. 24 00:04:11.250 --> 00:04:12.540 Celeste Lindman: How large atr. 25 00:04:13.410 --> 00:04:15.060 Celeste Lindman: Running yeah. 26 00:04:15.360 --> 00:04:30.150 Tom Busby: This way, I would that's an opportunity chaos provides opportunity, no jack and I are sort of smiling because we keep it simple meaning hey if it's going down i'm gonna find some make money going down. 27 00:04:30.420 --> 00:04:39.720 Celeste Lindman: Yes, yes, I want to hear more about keeping it simple, this would be great for everybody, listening to hey Roger I want to find out what do you think's the biggest lesson that that traders need to take away from this week. 28 00:04:40.320 --> 00:04:49.200 Roger Scott: I think the biggest lesson from this week is expect the unexpected and don't think volatility will not will be contained in one or two seconds volatility. 29 00:04:49.500 --> 00:04:54.870 Roger Scott: tends to move from a few of the safest sectors through throughout the entire market before the market really. 30 00:04:55.350 --> 00:05:00.870 Roger Scott: determines its fair value, especially in a in a bear run, which is what we're seeing with the energies this week, which is what we saw with. 31 00:05:01.350 --> 00:05:12.780 Roger Scott: Consumer staples a few weeks earlier now the biggest question is, are those assets going to come back or not like energies and so forth, I think that's the million dollar question so that's what investors are looking at right now. 32 00:05:13.200 --> 00:05:23.460 Celeste Lindman: Great let's see if we can find out some answers there too hey I want to ask you jack you know what is it what with your experience on Wall Street what is Wall Street doing and what are they not doing right now in your opinion. 33 00:05:23.940 --> 00:05:34.140 Jack Carter: yeah Thank you Celeste what what they're really not doing is panicking on their side and i'm not panicking either at this is one of the best markets i've ever seen in my life. 34 00:05:34.980 --> 00:05:45.060 Jack Carter: But Wall Street is still buying stocks that they can cash flow I just read an a little sentence up until June 15 there was a whole. 35 00:05:45.750 --> 00:05:55.200 Jack Carter: Net buying in a lot of certain stocks, so this is just it's a common go thing what we're seeing right now, you know the the Fed raises rates and. 36 00:05:55.890 --> 00:06:03.810 Jack Carter: He he cannot control inflation that's caused by oil prices, he just he just can't and there's a lot of stuff going on globally. 37 00:06:04.230 --> 00:06:13.140 Jack Carter: Putin might have his own Vietnam situation with Ukraine, this may go on for a long time, but one of the best things about this rising interest rate environment. 38 00:06:13.560 --> 00:06:20.010 Jack Carter: Is that you will get past this, and when we get past this now, we have all this room where he can cut rates again. 39 00:06:20.310 --> 00:06:27.270 Jack Carter: Was he was down to he didn't have anything anything to work with when rates are already at zero right, this is a good reason for him to. 40 00:06:27.570 --> 00:06:34.560 Jack Carter: To raise rates he thinks he's tackling inflation he's going to he's going to hurt a lot of other businesses and parts of the economy, doing that, but. 41 00:06:35.010 --> 00:06:48.150 Jack Carter: The best part about it is you can go in grab some great great great stocks to cash flow now, and you can look forward to the bull market coming back because he's got rates up so he's got some room to go down and. 42 00:06:48.180 --> 00:06:52.410 Celeste Lindman: let's find out more about all that great insight from jack and you can see, you know he's been. 43 00:06:52.650 --> 00:07:00.510 Celeste Lindman: trained on Wall Street has a lot of insight, you know started there 1984 been a NASDAQ market maker head trader operated his own hedge fund. 44 00:07:00.690 --> 00:07:09.450 Celeste Lindman: You know the guy has earned 286% in one year, that is absolutely audited by CPA so it's a very firm number really good number, and those are impressive. 45 00:07:09.870 --> 00:07:17.850 Celeste Lindman: results and he started his business here really to help people like you and me to get over the problems that we have and so we're glad to have jack with us. 46 00:07:18.120 --> 00:07:30.570 Celeste Lindman: Of course, you heard from Roger we're glad to hear Roger back with us as well top systems trader in the world manage millions in multiple hedge funds, he works with it has worked with the wealthiest billionaire families on earth. 47 00:07:30.900 --> 00:07:39.750 Celeste Lindman: And with the top White House economists Ivy league professors even Tony saliba we've had Tony on our show before in the market wizards and he. 48 00:07:40.230 --> 00:07:50.730 Celeste Lindman: Tony is also the author of many books, but even Tony takes Rogers trades it's really good so we're glad to hear from from Roger today and find out what he's seeing in the market and also particularly with some patterns. 49 00:07:51.060 --> 00:07:54.960 Celeste Lindman: So he's been doing this for three decades shared it with over half a million people. 50 00:07:55.200 --> 00:08:03.840 Celeste Lindman: And then of course we've got Tom busby here we're so glad Tom is here he's the reason we got started with us the pros bring this valuable information to you, every week. 51 00:08:04.050 --> 00:08:12.300 Celeste Lindman: And you know what he's been trading since 1970s so he's seen a lot a lot, a lot of things in the market, nothing is taking him by surprise. 52 00:08:12.600 --> 00:08:24.540 Celeste Lindman: he's traded them all and has great information to share with us along those lines with bear markets and bull markets he's the author of three great selling books I highly recommend all of them, you ought to read them about three times. 53 00:08:24.810 --> 00:08:29.670 Celeste Lindman: Great information and he is the creator of that wonderful roadmap software it's just like you know. 54 00:08:29.970 --> 00:08:47.970 Celeste Lindman: Being able to really navigate having a real map with the market is so helpful saved me from so many pitfalls Thank you Tom on that founded DTI in 1996 and so we're glad that he is here with us so hey Tom, let me start with you and ask you how exactly are you trading this bearish market. 55 00:08:48.690 --> 00:08:57.750 Tom Busby: Well, what i've done is i've really focused on options, because with options, you get a lot of good leverage and you don't have to. 56 00:08:59.220 --> 00:09:03.030 Tom Busby: You know, see stocks good stocks go down let's say done. 57 00:09:04.110 --> 00:09:09.600 Tom Busby: And I remember this so vividly from my past how you'd have a great company. 58 00:09:10.020 --> 00:09:22.440 Tom Busby: You know, like CBS, for example, is a is a great company she runs a great company, but it's caught up in all the selling right now, and it is going to create an opportunity like jack said. 59 00:09:23.160 --> 00:09:40.080 Tom Busby: But not yet okay don't be early otherwise you'll have plenty of time to you know to buy some the stocks, because my target, and I think i've been pretty good with this stuff my target on the s&p, and this is something I can use. 60 00:09:41.100 --> 00:09:51.600 Tom Busby: At least for the next week because I might have the lower but 3550 we're currently 3665 that's 100 s&p points. 61 00:09:52.170 --> 00:10:05.490 Tom Busby: That, I think, will see the 3550 area there's a lot of reasons that maybe some buyers might step in there and hold it and here's The other thing you got to remember July 4 is coming up. 62 00:10:06.120 --> 00:10:15.720 Tom Busby: And there I tell people this every year go look at the trends look at the seasonality July fourth two things happen that's why I always have a July 4 webinar. 63 00:10:16.260 --> 00:10:26.700 Tom Busby: Two things happen one this current trend is going to accelerate and get a lot worse or there's going to be a reversal for about 30 to 60 days. 64 00:10:27.420 --> 00:10:40.380 Tom Busby: Probably I would leave thinking that might be a reversal time because if you look at everything out there, I mean you can only be beaten a dog so so much this is a dead dog. 65 00:10:40.890 --> 00:10:51.750 Tom Busby: Thinking about this, I was thinking about this this morning, think about the person and if I hear Somebody tell me, this is a great buy one more time I just i'm gonna puke okay. 66 00:10:52.770 --> 00:11:01.200 Tom Busby: And the reason I say that but, but if you think about it Okay, if you think about the market itself, I do believe. 67 00:11:01.740 --> 00:11:10.410 Tom Busby: that the next couple weeks are going to be very important for people pay attention to kids are going to set up the second half of the year. 68 00:11:10.890 --> 00:11:22.110 Tom Busby: Now we might get the December and all sudden you get all about this, because the market figures out a way to survive operate, and you know things might improve. 69 00:11:23.010 --> 00:11:31.980 Tom Busby: i'm not expecting that and so making money in a bear market and a lot of people haven't been in a bear market they're used to buying and. 70 00:11:33.150 --> 00:11:40.920 Tom Busby: Basically, the monkey so knows darks has been making a lot of money, we said this at the start of last year's is a stock pickers market. 71 00:11:41.250 --> 00:11:53.040 Tom Busby: People need to know what you're doing when you're picking stocks and this kind of environment, but making money in a bear market is where what I would call the path of least resistance, so I decided tomorrow. 72 00:11:54.090 --> 00:11:55.020 Tom Busby: To have a. 73 00:11:56.490 --> 00:12:10.290 Tom Busby: Saturday webinar and reason I decided to do that is that I think i've got a whole bunch of information i've been working on today, I want to share with people where they can digest it and think about it. 74 00:12:10.710 --> 00:12:24.990 Tom Busby: And I don't think i've ever done a webinar and on Saturday, you know all my years in in June, but i'm doing it because I think it's that important to get this information out there, so tomorrow at 10 o'clock i'll be doing that now. 75 00:12:28.080 --> 00:12:29.250 Tom Busby: Next slide please. 76 00:12:33.660 --> 00:12:54.000 Tom Busby: Alright, the message of this market if you can't see it down then get a pair of glasses okay this market is going down and think about the people that are hopeful it goes up in the morning prior to your closing you know it's holding together than your closes and guess what happens. 77 00:12:55.050 --> 00:13:00.420 Tom Busby: Down we come and they're sitting there, right now, I know how they feel because I used to be that way. 78 00:13:00.810 --> 00:13:09.780 Tom Busby: If they're sick of their stomach watching her stocks disintegrate own okay now i'm gonna give you some facts about a bear market mark will give you some solutions. 79 00:13:10.110 --> 00:13:25.470 Tom Busby: This is gonna be a very important segment that I cover and I think that people hadn't heard some of this stuff before but it's good if you have it, a refresh those ideas and give you a opportunity as you go forward next slide. 80 00:13:26.940 --> 00:13:42.480 Tom Busby: My best bet is energy, if you look at the seasons, if you look at why pull back a lot of plays and went a lot shorter time the seasons now call for crudo the head down until. 81 00:13:43.080 --> 00:13:49.680 Tom Busby: August Okay, and then you're going to see a reversal now doesn't have to happen that way in this crazy environment. 82 00:13:49.980 --> 00:14:01.440 Tom Busby: But that is what's happened over the last seven years, so my beth Smith is still there, if I end up playing energy short i'll do it, but right now I think it's going to have. 83 00:14:01.920 --> 00:14:08.850 Tom Busby: This a problem we got to know it's going to go higher so this week we started at energy plus Program. 84 00:14:09.360 --> 00:14:24.690 Tom Busby: I went with us Oh, and we make 30% and overnight trade I did i'm sure sq key or long sq qq right now to take advantage of that's the plus part of energy to take advantage of the. 85 00:14:25.440 --> 00:14:42.150 Tom Busby: Of the market and then i've got an energy option scholarship working with options overnight and things like that that we're teaching people i'm doing all this before we actually start the course so we'll talk more about that, but why is the DTI uni. 86 00:14:43.170 --> 00:14:54.000 Tom Busby: And he said it better we offer education, then we give training on that education and then you can piggyback off our experience. 87 00:14:54.780 --> 00:15:13.890 Tom Busby: Until you get it and that's the beautiful thing, I think that the DTI does it makes it very unique and i'm proud of that, because we got some great TEAM members that make it all possible, so the more Tina i'll be there we'll get into more detail and. 88 00:15:15.060 --> 00:15:23.490 Celeste Lindman: super good good good great and well and the link is posted there to where you can go to that webinar and you know, he said he's got a lot of new information. 89 00:15:23.910 --> 00:15:31.230 Celeste Lindman: And this bear markets still prime so find out exactly what he's doing get that information so thanks Tom for sharing all that we appreciate it. 90 00:15:31.710 --> 00:15:44.760 Celeste Lindman: Very much hey jack one of the switch over to you now, and I want to find out more what are your thoughts about what happened with the Fed this week and you know other headlines, like the pmi and you know what are your what are your best strategies moving forward. 91 00:15:46.260 --> 00:15:54.330 Jack Carter: Strategies moving forward had been the same strategies i've been using all the time I just I love the cash flow stocks, you know. 92 00:15:56.340 --> 00:16:06.720 Jack Carter: Basically, selling covered calls is as good as it's ever been in my life I have never seen called premiums this I even on a stock like Morgan Stanley it's it's just crazy. 93 00:16:07.140 --> 00:16:16.200 Jack Carter: crazy high and if you're doing that on margin you're paying 50% for the stock and right in the covered call and and it's been great so I got that going on. 94 00:16:16.560 --> 00:16:24.540 Jack Carter: And i'm really maximizing this four dimensional income strategy i'm using I don't know if you want me to get into that right now, or a little bit. 95 00:16:24.540 --> 00:16:25.710 Celeste Lindman: silly go for it. 96 00:16:26.430 --> 00:16:26.790 Jack Carter: All right. 97 00:16:28.590 --> 00:16:31.920 Jack Carter: Show show you what I have for the crowd today the whole nine yards. 98 00:16:32.010 --> 00:16:35.940 Celeste Lindman: yeah you could do that and yeah tell us yeah exactly that'd be great. 99 00:16:36.150 --> 00:16:43.500 Celeste Lindman: Because what I love to what I love about what you said jack and I had a feeling, you were going to say this, and this is where it comes to like where the audience, you need to hear. 100 00:16:43.710 --> 00:16:47.280 Celeste Lindman: These traders answer these questions this way because jack said. 101 00:16:47.580 --> 00:16:59.910 Celeste Lindman: I haven't changed a thing, I have the same strategy because he knows how to use it up and down and sideways every every different way, so listen up listen very closely to what he has to say about his strategy so take it away. 102 00:17:00.240 --> 00:17:01.680 Jack Carter: Can you all see my screen. 103 00:17:02.010 --> 00:17:03.000 Celeste Lindman: yeah looks great. 104 00:17:03.840 --> 00:17:08.040 Jack Carter: So that's what I was saying Wall Street experts they're not panicking right now, because. 105 00:17:09.030 --> 00:17:18.210 Jack Carter: there's there's really just a little bit of a shift from from trading, which was all going on last year to just get back to old school investing. 106 00:17:18.660 --> 00:17:25.530 Jack Carter: And the difference is we're not looking for a company a stock to just shoot right up what we're doing here is what we're buying. 107 00:17:26.190 --> 00:17:41.040 Jack Carter: A business buying part of a business and then we're going to cash flow that business as many ways, as we can so that's what's happening right now there's a there's just a huge movement into into some of these old school quality companies and. 108 00:17:41.940 --> 00:17:46.350 Jack Carter: Those are the best bets right now, so let me just start off with making my confession. 109 00:17:49.170 --> 00:17:58.830 Jack Carter: I have no confident prediction about what the market will do next, or how long it will take to recover we're not seeing that V bounce that we had in the pandemic, this could be. 110 00:17:59.100 --> 00:18:07.080 Jack Carter: A long drawn out thing but it doesn't matter to me, I mean it doesn't i'm not afraid of the market, I absolutely love this market, I know it's going to turn around. 111 00:18:07.350 --> 00:18:14.760 Jack Carter: This is just temporary and it's not a time to be shaken up i'm still buying stocks i'm buying almost every day on buying something. 112 00:18:15.090 --> 00:18:20.160 Jack Carter: So nothing too broad market does in the short or medium term is going to surprise me. 113 00:18:20.520 --> 00:18:28.980 Jack Carter: And the reason it's not going to surprise me, is because it doesn't bother me at all the reason it doesn't bother me is because cash flow is king. 114 00:18:29.490 --> 00:18:48.510 Jack Carter: So this is kind of like the freedom portfolio, I was talking about this week in that i've got a sizable portfolio that I use to cash flow the stocks and it's a sizable portfolio and what I love about the freedom portfolio, as I call it is that. 115 00:18:49.560 --> 00:19:03.060 Jack Carter: You don't look at the portfolio like 99.9% of the world does everybody opens up gets online goes on to their online brokerage account and looks Am I up or am I down is my portfolio valuation up or is it down. 116 00:19:03.420 --> 00:19:11.820 Jack Carter: And I don't look at it like that, because it doesn't matter to me because the only thing that matters to me is how much cash flow is this portfolio generate. 117 00:19:12.150 --> 00:19:19.830 Jack Carter: How much cash flow, can I generate the from the portfolio by using my strategies so i'm not worried about the value. 118 00:19:20.130 --> 00:19:29.190 Jack Carter: up or down right now at all, it doesn't doesn't bother me does it affect me my my focus is on the cash flow part so that's why I say how much cash flow every month. 119 00:19:29.520 --> 00:19:43.440 Jack Carter: Is this thing going to produce two grand three grand more you know it's just beautiful right now to be in this market being able to cash flow just almost any stock, you know I can give you a dozen good ones, you can start right away so. 120 00:19:43.890 --> 00:19:51.870 Jack Carter: What I cash flow it I optimize my returns in the short term right and I wait for the markets to correct themselves in the long run. 121 00:19:52.200 --> 00:20:01.500 Jack Carter: And this is all we're going to look back at this right now next year or later this year and people that didn't get in there and get their hands dirty and pick up some shares they're going to regret it. 122 00:20:02.010 --> 00:20:08.280 Jack Carter: And like like Tom was talking about it's been a year or two for me that's like turning back the clock. 123 00:20:08.580 --> 00:20:13.140 Jack Carter: You know, like if you if you could get a chance to go in and buy this and watch this whole thing go back. 124 00:20:13.470 --> 00:20:23.340 Jack Carter: That that's probably what's going to happen right and that's I believe in America, I believe in American people and we're going to figure this thing out one way or another, this stuff will correct itself so. 125 00:20:23.760 --> 00:20:34.950 Jack Carter: In the meantime i'm using this four dimensional cash flow strategy right the first dimension is high impact dividends, so if you want to stock like devin energy or. 126 00:20:35.370 --> 00:20:44.700 Jack Carter: You know, Exxon Mobil or Morgan Stanley you're going to get a sizable dividend and every time you get that dividend it's going to lower your cost basis on a stock right. 127 00:20:45.090 --> 00:20:55.440 Jack Carter: The other thing i'm doing is when I buy that stock i'm going to sell a covered call against that, at about 10% higher than my purchase price, so I bring that premium in. 128 00:20:55.770 --> 00:21:03.750 Jack Carter: right if you get to box selling a covered call you just lowered your cost basis on that stock by two bucks that's where the CBI, we. 129 00:21:04.110 --> 00:21:11.610 Jack Carter: told the SEC that covered calls are actually less risky than owning stock, it is one of the greatest cash flow things out there because. 130 00:21:11.850 --> 00:21:18.330 Jack Carter: Call premiums are as high as i've ever seen them in my life, you know there's a whole bunch of reasons I could get into for why options. 131 00:21:18.600 --> 00:21:27.180 Jack Carter: prices are high, but let me just stick to this four dimensional strategy, so we got the dividends paint getting paid, and you know here's the thing about a company like Coca Cola. 132 00:21:27.480 --> 00:21:39.360 Jack Carter: Trading at 59 or whatever it's it can go down to 10 bucks and they're still going to pay the dividend right so that is that has no price share price has no bearing on a company's financials so i'm getting a dividend. 133 00:21:40.320 --> 00:21:43.650 Jack Carter: i'm getting that call premium, which is super high. 134 00:21:44.130 --> 00:21:56.160 Jack Carter: i'm also selling naked puts on the stocks that I want to buy and people see naked puts a risky or you get stuck put to you and blah blah blah listen, I have never yet been able to pick up the stocks I want. 135 00:21:56.580 --> 00:22:00.930 Jack Carter: On a naked put I might be lucky to get Devon, this time, but that has been. 136 00:22:01.380 --> 00:22:10.890 Jack Carter: almost like free money picking up these these naked puts and it could be cash secured, or they could be used on margin so that's the third dimension we got the dividends, we got the call premium got to. 137 00:22:11.190 --> 00:22:16.590 Jack Carter: Make it put premium coming in, and then the stock is going to increase over time so that's the that's the four. 138 00:22:17.250 --> 00:22:25.230 Jack Carter: that's the four dimensions and I use them all, at the same time, all on the same stocks and that's why I say right now i'm loving this man, I am just loving us. 139 00:22:25.470 --> 00:22:31.830 Jack Carter: And I want to give you guys a head start on creating a salad cash flow portfolio, so I prepared a short no fluff. 140 00:22:32.190 --> 00:22:40.080 Jack Carter: And when I say short and no fluff that's what I mean it's the powerhouse portfolio report and you'll get the five starter stocks I would use to begin. 141 00:22:40.710 --> 00:22:46.170 Jack Carter: Building a cash flow portfolio and you're going to love it, I mean instead of going in your account every day. 142 00:22:46.530 --> 00:22:51.780 Jack Carter: and seeing how much is evaluation go down, you can go in there every day I wish I could show you my calendar. 143 00:22:52.050 --> 00:22:58.140 Jack Carter: it's almost every day i'm getting a dividend paid right and Nice just see that cash flow coming in from the calls. 144 00:22:58.440 --> 00:23:08.670 Jack Carter: and puts and it doesn't matter right now, if the stock goes up or not so i'm going to give you that in detailed instructions for targeting extra payouts with all for my cash flow techniques. 145 00:23:09.000 --> 00:23:12.870 Jack Carter: And you'll learn how to build this kind of portfolio and it's a priceless tool. 146 00:23:13.140 --> 00:23:19.650 Jack Carter: That most retail investors never access that this is going to get you away from worrying about your portfolio. 147 00:23:19.890 --> 00:23:28.470 Jack Carter: fretting about it take the fear out of it take all the emotion out of it it's actually I think it's fun to cashflow these things, because I I just love seeing this money come in. 148 00:23:28.800 --> 00:23:41.070 Jack Carter: But in this environment, I want to make sure you get your hands on a practical getting started guide because that's really hard to do so, you can begin building your portfolio seconds after you get this report i'm going to give you the link to it. 149 00:23:41.850 --> 00:23:45.540 Jack Carter: The thing about it is it's it's only five bucks right so. 150 00:23:46.110 --> 00:23:53.520 Jack Carter: We made this a no brainer and I really want you to get this, because this could change the way you trade, it can put you back into. 151 00:23:53.820 --> 00:24:00.990 Jack Carter: A really smart old school style of investor that's just cash flow in the heck out of this this market that we're in right now. 152 00:24:01.200 --> 00:24:07.050 Jack Carter: So this report it's five bucks includes my five favorite ticker symbols for leveraging the four D strategy. 153 00:24:07.350 --> 00:24:12.990 Jack Carter: i'm going to give you the Quick Start instructions on these cash flow strategies and how to apply them to the stocks. 154 00:24:13.380 --> 00:24:18.900 Jack Carter: i'm going to give you in the report, I did it myself so i'm walking you through the steps that I personally take to do it. 155 00:24:19.110 --> 00:24:26.370 Jack Carter: So you can get started building your own for de cash portfolio today, this is a great time, this is the most exciting time. 156 00:24:26.640 --> 00:24:36.960 Jack Carter: To build this type of portfolio, and this is the advice I give my family members, if they wanted the best possible start to building a good portfolio, this is a, this is the real deal. 157 00:24:37.350 --> 00:24:49.140 Jack Carter: And if you book the thousand dollar coaching call with me this is exactly where we'd start you can get started, for five bucks so you can grab the whole thing today for just five bucks on this special training and here's the link folks. 158 00:24:50.010 --> 00:24:59.070 Jack Carter: Go to Jeff Carter trading COM forward slash ppr or give us a call people are standing by we got Kelly Jeffrey. 159 00:24:59.640 --> 00:25:11.670 Jack Carter: Melissa and Mike give us a call at 904-416-1776 just five bucks to get this thing I know you're going to love it it's the real it's it's it's really what's really working right now. 160 00:25:12.420 --> 00:25:18.300 Celeste Lindman: yeah I love that that's an incredible offer incredible deal, and this is the plan, I was telling you about I want to make sure you get this. 161 00:25:18.570 --> 00:25:24.840 Celeste Lindman: And you take it you studied over the weekend, you find out how be on the right side of the market, find out how the Wall Street professionals are doing it. 162 00:25:25.140 --> 00:25:28.140 Celeste Lindman: Just like jack has done it for decades and decades and. 163 00:25:28.560 --> 00:25:35.580 Celeste Lindman: You know the opportunities that you have with the five stocks, I want to know exactly what those are i'm getting this report myself can't wait to get my hands on it. 164 00:25:35.940 --> 00:25:48.630 Celeste Lindman: anytime I can get something from jack when he comes on ask the pros I always love to read it just you know cover to cover a lot of great information hey jack quick quick quick question for you, you know, are you when you um. 165 00:25:49.710 --> 00:25:52.080 Celeste Lindman: How many weeks out, are you going on your cover calls. 166 00:25:52.080 --> 00:25:57.360 Jack Carter: yeah those are good questions so i'll answer all those for you right now, you know when you're going to do an option trade. 167 00:25:57.720 --> 00:26:03.540 Jack Carter: The very first and most important part is the underlying stock then once you've got that, then you have to pick. 168 00:26:04.260 --> 00:26:14.340 Jack Carter: A strike price right, so I like to pick a strike price 10% higher than my purchase price, it might be 8% or 12% but 10 is where I like to start. 169 00:26:14.580 --> 00:26:23.760 Jack Carter: And the reason is because if you get a stock that goes up 10% in one month it's on pace to go up over 100% in one year and that really doesn't happen so if you catch. 170 00:26:24.240 --> 00:26:35.850 Jack Carter: A really short jump in your stock and you get called away with a 10% top on it and you got the premium from selling a covered call that could be a huge huge huge profit for you so. 171 00:26:36.390 --> 00:26:45.300 Jack Carter: I like to go 10% up on the strike, and then the next question you got to answer is what expiration you're going to pick and I like to go about 30 to 40 days out. 172 00:26:46.170 --> 00:27:06.000 Jack Carter: Ideally, to do it every month, it is really sweet, but if I can pull it off 10 times a year, every time one option expires, the next Monday I go out and I sell another cover call or try to sell another put so that's it 10% higher than your purchase price 30 to 40 days out on your exploration. 173 00:27:06.420 --> 00:27:13.500 Roger Scott: I don't know how you do this for $5 kak seriously like i'm thinking you're going to be selling this for 997 and here you are with the $5. 174 00:27:13.560 --> 00:27:14.640 Jack Carter: I looked over these last. 175 00:27:14.700 --> 00:27:20.670 Roger Scott: weekend I It is crazy, I mean this four step cash flow method it's absolutely brilliant I absolutely love it. 176 00:27:21.270 --> 00:27:29.580 Roger Scott: This is an amazing offer I mean it's less than a cup of coffee folks do yourself a favor spend this weekend learning about the strategies. 177 00:27:30.030 --> 00:27:37.890 Roger Scott: The volatility we're seeing in the market right now is not going to last forever the volatility is right now about four to six times what it normally is, which means. 178 00:27:38.340 --> 00:27:51.180 Roger Scott: All that volatility is making those premium those options, a lot more expensive and if that's the case, then you can go a lot further out of the money and still it's basically you can have your cake and eat it too that's the environment right. 179 00:27:51.480 --> 00:28:07.080 Jack Carter: And i'm going to give you the icing for your cake next Tuesday i'm going to do a walk through live session where everybody that gets this thing for five bucks it's free on Tuesday for everybody that buys this we're going to do a real hands on workshop live. 180 00:28:07.560 --> 00:28:20.310 Roger Scott: i've seen no charge i've seen others i've seen somebody else with the same last name is you, but a different first name charge about 10 to know about 15 to 20 times more for exactly the same thing. 181 00:28:20.640 --> 00:28:27.450 Roger Scott: You know I think this is 10 grand i've seen this yeah good as good as I do it, no, no, no you're the real deal, this is. 182 00:28:27.570 --> 00:28:34.620 Roger Scott: folks really you're getting you're in for a treat get in on this jack will help you yeah learn how to do it the right way. 183 00:28:35.100 --> 00:28:43.860 Jack Carter: yeah it's going to be sweet yeah you got to own 100 shares rosanna of a stock to sell a covered call yeah this is going to be awesome I mean you know it's one thing to read. 184 00:28:44.220 --> 00:28:53.910 Jack Carter: The report, which is awesome itself but it's a whole nother thing when you get that hands on experience so we're going to be looking at stocks live we're going to be looking at options change live. 185 00:28:54.150 --> 00:29:09.330 Jack Carter: i'm going to show you, it will walk you through the entire process live it's gonna be a lot of fun I do it all the time, and I want you guys to start doing it all the time, so seeing it all happen live with the report that that's a recipe for success great. 186 00:29:09.360 --> 00:29:12.720 Roger Scott: going to be a great time I can't wait to to to be there jack i'm gonna. 187 00:29:12.780 --> 00:29:15.750 Roger Scott: i'm gonna bring you there can't wait to see it it's gonna be a great time. 188 00:29:15.990 --> 00:29:27.540 Celeste Lindman: To be always incredible information again that comes from jack so just go ahead and click that link and you'll get your credit card out put your information in and you'll be good to go you'll start downloading that information, you can. 189 00:29:27.840 --> 00:29:36.840 Celeste Lindman: You can choose to read it tonight you can choose to read over it tomorrow and put it on your calendar to be there with jack get the bonus all the perks that he has because I love what they said. 190 00:29:37.140 --> 00:29:40.650 Celeste Lindman: And when you come here, week after week you hear a lot of the same things. 191 00:29:40.920 --> 00:29:53.970 Celeste Lindman: And that these traders, they know what they're doing they know the different seasons in the market, whether it's a presidential election or whether it's a recession or bear markets and they know the strategies, I loved how jack said that he uses the same strategies. 192 00:29:54.330 --> 00:30:09.180 Celeste Lindman: And that Roger said, you know these times will change with the volatility get in get now because that you're getting a great opportunity, as these guys have said so look forward to you downloading that getting that getting started with jack so thanks for sharing that with us and. 193 00:30:10.110 --> 00:30:29.820 Tom Busby: What Roger said yeah jack has a very simple way of looking at making money and I hear this all the time, you know, we have some mutual customers, but simple as best and, if you think about it, throw all that other stuff gets you confused so. 194 00:30:30.870 --> 00:30:36.900 Tom Busby: I think this is this would be something very good to to read and learn educate yourself Lou. 195 00:30:38.190 --> 00:30:40.410 Jack Carter: Exactly well said yeah. 196 00:30:40.530 --> 00:30:43.770 Celeste Lindman: Alright, thanks for sharing that with us jack and now we want to hear from Roger. 197 00:30:43.980 --> 00:30:52.680 Celeste Lindman: get this overall perspective of the market what's going on hey Roger, what do you think we can expect in the next couple of weeks, and then, and how are you preparing for them. 198 00:30:53.190 --> 00:31:02.430 Roger Scott: Well, first of all thank you for having me on here Celeste really do appreciate it my favorite time of the week to be unasked the pros every Friday afternoon or Friday morning here, let me start off. 199 00:31:02.820 --> 00:31:08.280 Roger Scott: With a couple of things I want to share my screen but want to talk a little bit about. 200 00:31:08.970 --> 00:31:18.510 Roger Scott: want to talk a little bit about the CPI report that came out that caused the stock market to really go down, it was last it wasn't this week it was last week time just gets away from me completely. 201 00:31:19.080 --> 00:31:26.280 Roger Scott: But one thing that that that I want to point out to everyone in this report that a lot of people are not talking about is the fact that. 202 00:31:27.030 --> 00:31:35.040 Roger Scott: The core inflation, if you take away the food and, if you take away the energy it didn't it did not change from the previous month it's the same as it was the month before. 203 00:31:35.520 --> 00:31:43.110 Roger Scott: that's that's nobody's talking about that, but you know, most of the inflationary pressure we're seeing is from foods and energies. 204 00:31:43.470 --> 00:31:51.780 Roger Scott: And when you take that away there's real real real strong evidence that the CPI might in fact have peaked out at 8.6. 205 00:31:52.230 --> 00:31:57.600 Roger Scott: Which is why the market reacted the way that it did Now I want to show you guys something interesting. 206 00:31:58.320 --> 00:32:14.370 Roger Scott: That may confirm that and then we'll go back into the bond market real quick, let me just show you this, so this is the volatility index, this is, this is the vics that follows the spy notice the market made new lows I think as early as today right or yesterday or today notice. 207 00:32:15.660 --> 00:32:24.840 Roger Scott: yeah Thank you, thank you, Tom notice the highs on the vics have not been getting higher more interestingly, and this is something that very few of you guys look at. 208 00:32:25.920 --> 00:32:37.920 Roger Scott: But something that I recommend a lot more people start looking at this, is the NASDAQ 100 fix if you were to take, and I don't want to give away very valuable trading system here, but if you were to. 209 00:32:37.920 --> 00:32:38.730 Roger Scott: Take this. 210 00:32:38.880 --> 00:32:50.400 Roger Scott: asset, and if you were to buy the NASDAQ or NASDAQ stocks every time, this makes a 10 day high your win rate over the last 25 years would be about 80 82% but 79 to 82%. 211 00:32:51.000 --> 00:32:56.880 Roger Scott: But the point is every time, this makes a 10 day hi there's a really good chance to markets is going to start softening up. 212 00:32:57.360 --> 00:33:02.940 Roger Scott: More importantly, notice the high that happened in February again was higher than the than the. 213 00:33:03.570 --> 00:33:11.730 Roger Scott: than the high that we're seeing now, which means the market has assimilated this level of volatility into its price and because of that there's a good chance. 214 00:33:12.060 --> 00:33:19.290 Roger Scott: That we are bottoming another factor to to show you guys, and this is one of those chart pictures, where a chart is worth 1000 words. 215 00:33:19.740 --> 00:33:28.380 Roger Scott: This is 20 years of data actually it's not 20 years of data it's only about 15 years of data, because it doesn't go below 2007, but if you look here. 216 00:33:28.860 --> 00:33:44.550 Roger Scott: This is this is 2008 crash, this is covert, and this is where we're at right now, so I can't say for sure if this is the low, but, as you can see here, and nobody can tell you, when to low will be, but you can see here, this is not a time to throw the baby out with the bathwater. 217 00:33:45.000 --> 00:33:51.390 Roger Scott: This is not a time to throw the baby out with the bathwater that's the s&p 500 with stocks above the 200 day moving. 218 00:33:51.510 --> 00:34:02.550 Tom Busby: Roger i'm i'm gonna play devil's advocate real quick and, yes, this is a simple approach in 2009 which went lower, who was the President. 219 00:34:04.110 --> 00:34:06.060 Roger Scott: Back to here was wasn't it. 220 00:34:06.810 --> 00:34:07.830 Jack Carter: Reagan was. 221 00:34:08.190 --> 00:34:09.240 Roger Scott: There was a Parma. 222 00:34:09.690 --> 00:34:15.210 Tom Busby: Okay, and in 2020, who was the President. 223 00:34:16.440 --> 00:34:18.000 Roger Scott: We know who the President was. 224 00:34:18.090 --> 00:34:18.780 Tom Busby: trump right. 225 00:34:19.560 --> 00:34:21.930 Tom Busby: Yes, and who's the President now. 226 00:34:22.410 --> 00:34:24.120 Roger Scott: You know who the President is right now. 227 00:34:24.210 --> 00:34:27.180 Tom Busby: i'm making this a simple errors and bugs. 228 00:34:27.570 --> 00:34:38.310 Roger Scott: Well, but but, before you do look at look at the number of stocks on the s&p this is number of stocks overall every stock over $2 I try to keep politics completely out of my. 229 00:34:38.580 --> 00:34:39.180 Tom Busby: Can or. 230 00:34:39.480 --> 00:34:40.860 Roger Scott: I know you can't I know you can't. 231 00:34:41.070 --> 00:34:41.580 Tom Busby: Do it. 232 00:34:41.730 --> 00:34:42.450 Roger Scott: I know you can't. 233 00:34:44.310 --> 00:34:47.760 Roger Scott: I know you try, I know you do so here, this is 2008. 234 00:34:48.420 --> 00:34:50.910 Roger Scott: This is coven, and this is where we're at right now. 235 00:34:51.180 --> 00:34:59.160 Roger Scott: Right so don't ask me if this is the low we're going to go lower the only thing I do is look at these charts and i'm looking exactly the same thing you guys are looking at. 236 00:34:59.400 --> 00:35:09.120 Roger Scott: So no I don't know if the load is going to be exactly right here, or if it's going to be right here it's going to be right here, but I know that we are not near the upper end of the range we're very, very low right now. 237 00:35:09.690 --> 00:35:20.790 Roger Scott: So the fact that the core CPI minus food and minus energy did not take out the last two months high did not nobody's talking about that very, very big the fact that vic's. 238 00:35:21.300 --> 00:35:30.750 Roger Scott: peaked out a long time ago, very, very important, and the fact that momentum levels are bottoming out is huge now let's talk about something very sensitive that a lot of you guys. 239 00:35:31.170 --> 00:35:36.540 Roger Scott: want to talk about and a lot of you people here are questioning, and we were we were on the elite. 240 00:35:37.050 --> 00:35:46.350 Roger Scott: Celeste Celeste mentioned that I that I trade with Tony saliba we were actually doing that just yesterday Tom of jack and myself, we had the elite traders session yesterday with Tony. 241 00:35:46.950 --> 00:35:58.680 Roger Scott: And as you can see here, energy is still leading and do you guys remember what Tony what numbers were Tony was was saying that his guys on Wall Street is saying that energy can go up to yesterday Do you remember that remember Tom. 242 00:35:59.100 --> 00:35:59.310 yeah. 243 00:36:00.420 --> 00:36:04.740 Roger Scott: that's exactly what he said now where's energies right now, nowhere near 200. 244 00:36:05.070 --> 00:36:13.440 Roger Scott: notes, in my opinion, in my opinion energies are going to be on the forefront of buying pressure till this war is over. 245 00:36:13.740 --> 00:36:21.030 Roger Scott: And this is merely a pullback or till energy stops being number one and, as you can see here right now, it is still number one. 246 00:36:21.420 --> 00:36:31.500 Roger Scott: It is up by six point 17% cumulative over the last six month three month in one month and i'm still very bullish on energies also, if you look at the top, if you look at the top. 247 00:36:32.130 --> 00:36:46.440 Roger Scott: stocks, you will see, they are still Valerio us dental X Exxon Apache, not much has changed it's getting it's getting a little broader with healthcare stocks but energy stocks are still up here and and. 248 00:36:46.890 --> 00:36:54.090 Roger Scott: If you look at most energy stocks, if you look at, for example, Devon, let me just point this out to you. 249 00:36:55.500 --> 00:36:56.520 Roger Scott: The year. 250 00:36:59.580 --> 00:37:06.780 Roger Scott: Devon, where do you see where's Devon Devon here, it is, if you look at Devon or, if you look at, if you look at. 251 00:37:07.650 --> 00:37:20.370 Roger Scott: Any of the Exxon Mobil, you will see that the RSI first of all we're moving from all time highs whenever you have the first move from an all time highs that's very, very, very, very high probability pullback. 252 00:37:20.640 --> 00:37:21.510 Jack Carter: Always Bible. 253 00:37:22.260 --> 00:37:23.340 Roger Scott: Always oh. 254 00:37:23.520 --> 00:37:24.000 Jack Carter: I think. 255 00:37:24.090 --> 00:37:37.350 Roger Scott: And look at where the RSI right here is that's that's a pullback from an all time high we're almost at the 200 day moving average, this is a no brainer to me now I can show you 30 energy stocks, but they will all look exactly like this, for example. 256 00:37:38.580 --> 00:37:43.860 Roger Scott: Exxon they're all pulling back from all time highs and I don't care which one. 257 00:37:44.280 --> 00:37:50.820 Roger Scott: And a Devon energy their correlation is extremely high, some have better relative strength than others, but the bottom line is. 258 00:37:51.150 --> 00:38:01.200 Roger Scott: they're all pulling back from all time highs and there are size oversold and that's telling me it's a very high probability chance they're going to go back up now. 259 00:38:01.890 --> 00:38:07.020 Roger Scott: Let me talk a couple of about a couple of stories stocks want to give you a couple of things that i'm looking at now. 260 00:38:07.380 --> 00:38:12.420 Roger Scott: For for most of everybody i've been coming on here every Friday, or almost every Friday for several years now. 261 00:38:12.870 --> 00:38:17.760 Roger Scott: And you guys know that i'm a big momentum guy i'm not a bottom picker I don't want to get my fingers dirty every time. 262 00:38:18.360 --> 00:38:26.460 Roger Scott: But sometimes you've got to start looking at cyclicals and I talked about this yesterday extensively and I want to talk a little bit about this today. 263 00:38:27.120 --> 00:38:35.160 Roger Scott: I want to show you guys something and i'm focused this this first story is going to be two big bank stocks that are approaching bargain basement levels. 264 00:38:35.880 --> 00:38:46.440 Roger Scott: want to show you a couple of pictures here, this will do a little show and tell this is from the Fred, and this is the household debt to GDP, this is the ratio of household debt to GDP. 265 00:38:47.550 --> 00:38:56.910 Roger Scott: notice the number is getting lower lower lower lower lower notice savings people's savings accounts are getting higher and higher and higher. 266 00:38:57.840 --> 00:39:08.310 Roger Scott: People regular folks are putting more and more money into their savings account that means checking and savings accounts are going to get bigger that means there's opportunities for bank stocks. 267 00:39:08.730 --> 00:39:20.250 Roger Scott: Now the stock market is down over 20% and we are officially in a bear market now the 30 year mortgage hit a 50 year low last year you bet less than a year, less than a year ago. 268 00:39:20.820 --> 00:39:25.590 Roger Scott: Which means right now we have a low hanging fruit with interest rates, reverting back to the upside. 269 00:39:26.160 --> 00:39:40.620 Roger Scott: And you want to take advantage of these opportunities when they're first starting and bank stocks have been feeling it and, again, if you look at household debt to GDP it's increased significantly if you look at that's this first graph that I showed you guys. 270 00:39:43.560 --> 00:39:52.680 Roger Scott: If you look at consumer holdings of charitable deposits in cash it has increased substantially and we know that interest rates, increasing. 271 00:39:53.160 --> 00:40:00.690 Roger Scott: If you look at a bank stock like Bank of America and I haven't again i'm not a big guy for recommending cheap stocks i'm more of a momentum guy. 272 00:40:01.170 --> 00:40:07.470 Roger Scott: But i'm looking at the stock right now, and if you look at the numbers last time we recommended the stock was. 273 00:40:07.860 --> 00:40:16.650 Roger Scott: summer of last year, when it was $40 went from 40 to 50 gained about 20% and now it's at the 200 day moving average it's now with $30. 274 00:40:17.190 --> 00:40:27.570 Roger Scott: The P E ratio for the stock is nine now, we could have market crash tomorrow, but I don't think Bank of America P E ratio is going to go to five or four I just don't see it. 275 00:40:28.170 --> 00:40:42.540 Roger Scott: We are near historic lows for the stock also RSI is overdone and five year earnings growth over 100% at 138 five year dividend growth, a 212% that is definitely a cyclical stock. 276 00:40:42.960 --> 00:40:50.640 Roger Scott: dividend payout is over 21% and the company's pricing in and expected return of 11% annually over the next 10 years. 277 00:40:51.600 --> 00:40:58.050 Roger Scott: I believe we're going to see a price bounce from the current downside, especially, especially with what we're seeing right now. 278 00:40:58.560 --> 00:41:12.960 Roger Scott: And I think the price levels are going to take the stock to the $40 level over the next 12 weeks and I believe that is going to happen sooner than later, and I think we're building a base right now the second stock that i'm liking right now. 279 00:41:13.860 --> 00:41:16.320 Tom Busby: make a comment about Bank of America, yes, sir. 280 00:41:17.550 --> 00:41:31.530 Tom Busby: i've been fascinated by the by the CEO Bank of America, I think the guys, one of the best out there, he doesn't get as much press as Jamie diamond does, but the guys are pretty good CEO and so, if anybody could do it i'd say he could do it. 281 00:41:32.640 --> 00:41:41.340 Roger Scott: I agree with you, and yes, I do like their management quite a bit and other major factor in other major factor that i'm i'm really liking about them is they have a really good portfolio. 282 00:41:42.360 --> 00:41:50.460 Roger Scott: One of the reasons why I don't like wells fargo is they have you know when interest rates go up you have it's a double edged sword bank start making a lot more money, but there's an increased. 283 00:41:50.880 --> 00:41:55.920 Roger Scott: risk of default if they're if they're holding on to bad properties and D stocks give a lot of mortgages. 284 00:41:56.400 --> 00:42:02.130 Roger Scott: Well, I don't like the book that wells fargo's holding and I don't like the book that a lot of the savings and loans are holding. 285 00:42:02.490 --> 00:42:09.300 Roger Scott: But I love the book that Bank of America is holding they really learned their lesson during the what you know what happened about. 286 00:42:09.810 --> 00:42:16.740 Roger Scott: 12 years ago to a 14 years ago they really did learn their lesson and I think the stock is going to go higher my second stock that I like and. 287 00:42:17.580 --> 00:42:27.690 Roger Scott: I like them both about equally is JP Morgan one stock, I will tell you all to stay away from as wells fargo you want to stay away from wells fargo as far as you can I mean. 288 00:42:28.170 --> 00:42:38.040 Roger Scott: it's just it's bad again the stock JPMorgan is very similar story the p E ratio is less than 10 five year earnings of anytime you have five year earnings. 289 00:42:38.550 --> 00:42:42.810 Roger Scott: Over 100% and anytime you have dividend growth of five years over 100%. 290 00:42:43.230 --> 00:42:54.420 Roger Scott: That is a stock that's making really solid cash and those are the type of cyclical stocks, you want cyclical stocks like financial consumer staples and energies do very well over time. 291 00:42:55.110 --> 00:43:03.930 Roger Scott: five year again, the dividend payout is over 26% and they have a 12 week profit target of about $135 per share. 292 00:43:04.290 --> 00:43:14.640 Roger Scott: And i'm giving you guys very, very reasonable profit targets because I think these two companies will hit these levels on the next bounce which may actually happen, a lot faster than then. 293 00:43:15.450 --> 00:43:18.750 Roger Scott: than 12 weeks again i'm just giving you that as a safety net. 294 00:43:19.350 --> 00:43:26.370 Roger Scott: So let's talk about bargain shopping Dow stocks now notice some bar i'm in the bargain shopping mood right now and i'm giving you guys. 295 00:43:26.700 --> 00:43:34.680 Roger Scott: cyclical stocks that I think you can pick up for for a bargain, so the next topic i'm going to talk about, and this has become a very controversial stock. 296 00:43:35.100 --> 00:43:40.110 Roger Scott: Over the last year and a half, because their numbers were kind of off, but if you look at at at. 297 00:43:40.950 --> 00:43:46.740 Roger Scott: We were recommending the stock last time we recommended it exactly same time we recommend to the bank stocks. 298 00:43:47.400 --> 00:43:58.980 Roger Scott: In the summer, the price was near the 375 level it peaked out at 425 now it's at 275 if you look and, if you look at this, I want you guys to see this. 299 00:43:59.550 --> 00:44:09.450 Roger Scott: it's if someone told me five years ago, the p E ratio Goldman Sachs was going to be less than eight I would have laughed I would have laughed but the forward P E ratios less than eight. 300 00:44:10.020 --> 00:44:21.540 Roger Scott: Again, look at five year look at the revenue earnings and dividend almost all are over 100% these three you want these three to be over 100% that's what institutions are looking at extensively. 301 00:44:22.140 --> 00:44:31.710 Roger Scott: More importantly, their annual dividend rate is $8 so let's remember what jack was saying, you can collect income and a lot of these stocks that's good money now. 302 00:44:33.300 --> 00:44:39.660 Roger Scott: I believe the stock is grossly overpriced right now, along with financials I think financials are going to see an uptick. 303 00:44:40.050 --> 00:44:52.800 Roger Scott: With higher interest rates and that's not going to exclude Goldman Sachs because it's very correlated now the stock hasn't been doing, as well as Morgan Stanley and i'll show you why there's a very fundamental reason why. 304 00:44:54.420 --> 00:45:03.390 Roger Scott: Typically Goldman Sachs and Morgan Stanley go head to head, but the quarter before last, they had negative earnings surprises which hasn't happened in a long time. 305 00:45:03.840 --> 00:45:10.170 Roger Scott: And their earnings estimates have been going down, for obvious reasons, I mean you know financial stock financials in a crapper. 306 00:45:10.830 --> 00:45:19.680 Roger Scott: But I do believe the worst is behind them, they are definitely pricing in every possible worst case scenario, and I believe Goldman Sachs is in the position to start. 307 00:45:20.430 --> 00:45:27.360 Roger Scott: gaining their their number one spot back spot backup even right now they're number two behind Morgan, which is not the worst spot to be in. 308 00:45:28.230 --> 00:45:35.250 Roger Scott: I think the stock is going to hit the 50 at the 358 line which is right below the 200 day moving average. 309 00:45:35.700 --> 00:45:47.820 Roger Scott: And I like the pullback that we're seeing right now, typically these pullbacks cause the stock to move up about 5060 points and I think we're there, right now, so my last PIC before I let you all go. 310 00:45:48.900 --> 00:45:49.620 Roger Scott: Is. 311 00:45:51.630 --> 00:46:02.940 Roger Scott: triple m now this stock isn't it's an industrial company and they're involved in just about everything involved in the world, stay out of safety and industrial segment, they have a transportation and electronics segment. 312 00:46:03.450 --> 00:46:10.680 Roger Scott: They have a healthcare segment and the consumer segment this stock has 93 let me show you the numbers here. 313 00:46:13.260 --> 00:46:25.440 Roger Scott: P E ratio for the stock you ratio for the stock right now is 12 which is ridiculous, I mean ridiculous, this is a conglomerate it's a big big international global company and. 314 00:46:25.950 --> 00:46:30.120 Roger Scott: I believe the price again, as you can see here it's just so overdone it's ridiculous. 315 00:46:30.510 --> 00:46:39.240 Roger Scott: I think fair value for the stock and, by the way, every profit target i'm giving you today we're only looking for the stocks to get back to their fair value i'm not even looking for a premium. 316 00:46:39.630 --> 00:46:54.780 Roger Scott: And I believe that fair value is going to be near the 163 level this stock has has raised its dividend every year for 64 years, did you hear that Tom every year for 64 years the stock has raised their dividend and. 317 00:46:55.830 --> 00:47:03.660 Roger Scott: The biggest reason why it fell apart, is because of the supply chain issues with China, not because of the war, but because of the supply chain with issues. 318 00:47:04.050 --> 00:47:12.750 Roger Scott: The supply chain issues are in fact becoming better shipping shippers are becoming a little looser and china's finishing up their covert lockdowns and it doesn't seem to be. 319 00:47:13.050 --> 00:47:17.790 Roger Scott: moving out of China too much if they seem to have been able to isolate it this time around. 320 00:47:18.330 --> 00:47:26.190 Roger Scott: And I think this stock is going to start pricing that in there for looking at a price target of about 163 per share. 321 00:47:26.880 --> 00:47:38.580 Roger Scott: That is all I have for you guys today no I don't think there's too much litigation risk and William now, before I let everybody go I am doing something very, very special in about 13 minutes that's right 13 minutes. 322 00:47:39.000 --> 00:47:44.310 Roger Scott: And I would love for someone to post, the link now the class that i'm going to share with you today. 323 00:47:45.390 --> 00:47:46.590 Roger Scott: I think that's jack's link. 324 00:47:47.040 --> 00:47:47.520 Celeste Lindman: If you could. 325 00:47:47.850 --> 00:47:54.510 Roger Scott: You could, if you could post that would be great minds happening in 13 minutes jax is next Tuesday. 326 00:47:54.960 --> 00:48:02.010 Roger Scott: But anyhow and i'll be there for jack's as well that'll be a lot of fun, but my class i'm going to tell you guys some i'm going to be offering about. 327 00:48:02.490 --> 00:48:12.390 Roger Scott: 30 years worth of back tested data research, you would have to spend thousands and thousands of dollars, just to get the information that i'm going to be presenting in this class for free. 328 00:48:12.810 --> 00:48:21.630 Roger Scott: So i'm not going to be, I mean, obviously I want you guys to join the service but i'm telling you right now the information that you will gain just from coming to this class. 329 00:48:21.930 --> 00:48:33.240 Roger Scott: is worth its weight in gold and I don't want you guys to miss out follow the link below check it out it's the first time i'm doing something new for my clients or my members in two years. 330 00:48:33.840 --> 00:48:41.850 Roger Scott: we've been doing a lot of research matt's been involved in this, you guys all know matt for my my VIP room he he opens up for me there he's my assistant my elbow guy. 331 00:48:42.210 --> 00:48:48.060 Roger Scott: So i'm going to show you guys some cool stocks and and i'm going to give you guys a free trade, the trigger today. 332 00:48:48.360 --> 00:48:58.350 Roger Scott: These trades have a very high probability of profit and i'll give you the ticker symbol, we issued three trades in the last couple of weeks we've had three trainer three winners in a row. 333 00:48:58.650 --> 00:49:03.330 Roger Scott: Hoping this fourth trade will do well, obviously no guarantees out there it's Wall Street. 334 00:49:03.720 --> 00:49:12.660 Roger Scott: But I do believe, I do believe you guys are going to get more than your money's worth make sure you go to this training session it's a heavy duty workshop it's happening. 335 00:49:12.960 --> 00:49:19.170 Roger Scott: In about 12 minutes and I want each and every one of you guys in there now hoping, you will be there i'll answer all your questions. 336 00:49:19.500 --> 00:49:28.920 Roger Scott: No stone left unturned i'm going to go through over 400 slides with the most specific information I have actually decoded. 337 00:49:29.670 --> 00:49:37.650 Roger Scott: algorithmic patterns for Japanese candlesticks i'm the first guy who's ever done it i'll show you the top five candlesticks that work. 338 00:49:38.040 --> 00:49:49.050 Roger Scott: i'll show you candlesticks that have five opportunities and give you the best opportunities for profit let's see here does the link work or not let's see here, I think the link works should work right let's see here. 339 00:49:49.710 --> 00:49:51.420 Jack Carter: This is price yeah. 340 00:49:51.600 --> 00:49:54.120 Jack Carter: very odd you graduate research. 341 00:49:54.690 --> 00:49:54.900 Roger Scott: yeah. 342 00:49:54.960 --> 00:49:56.640 Jack Carter: I mean research on the planet. 343 00:49:57.090 --> 00:50:03.690 Roger Scott: Thank you jack and i'll be talking to you today, after the market closes but but yeah Blair Blair isn't pattern trader and. 344 00:50:03.990 --> 00:50:08.640 Roger Scott: He you know he's got the program he's in it, and he says, see you soon for my second go around on pattern trades. 345 00:50:08.910 --> 00:50:17.520 Roger Scott: And Blair was here in my Alga program paying 10,000 to learn all this, he was here when we launched it and he's going to be here again because it's just so much good information. 346 00:50:17.880 --> 00:50:23.370 Roger Scott: can't wait to see you guys there it's literally happening in 10 minutes, the room is open we're going to have a lot of people there. 347 00:50:24.060 --> 00:50:33.570 Roger Scott: Mike says great presentation very much appreciate it everyone have a great weekend you as well Mike don't miss out pattern trader i'll see you guys in the room in 10 minutes. 348 00:50:33.870 --> 00:50:34.980 Celeste Lindman: By Roger. 349 00:50:35.160 --> 00:50:36.480 Celeste Lindman: Roger go by Roger. 350 00:50:36.480 --> 00:50:36.870 Tom Busby: Roger you. 351 00:50:37.260 --> 00:50:38.220 Celeste Lindman: ready so. 352 00:50:40.500 --> 00:50:45.450 Celeste Lindman: You talk, but I just wanna let Roger get onto a bit will come tonight Roger rain. 353 00:50:45.510 --> 00:50:51.900 Roger Scott: Rain check tonight Tom i'll tell you a rain check tonight, but i'll talk to you later date night date night but i'll talk to you later. 354 00:50:51.960 --> 00:50:53.400 Roger Scott: bye guys bye oh. 355 00:50:54.030 --> 00:51:06.480 Celeste Lindman: Okay, so yeah we'll push to Rogers link there so make sure i'll get into that room, it was a great session today and we're glad that we got all that great information, but you got that link you've got the link for jack's. 356 00:51:06.870 --> 00:51:16.710 Celeste Lindman: information as well, so you can do some really great things this weekend and really be prepared next week for the market, so any other comments Tom jack. 357 00:51:18.450 --> 00:51:19.950 Tom Busby: No everybody have a great weekend hope. 358 00:51:20.490 --> 00:51:27.060 Jack Carter: There are no more Roger stone don't don't miss Rogers event that that would be a big mistake go go get in on that thing. 359 00:51:27.870 --> 00:51:36.990 Celeste Lindman: yeah definitely go get in on Rogers event get in on tom's event as these guys have said, you know get educated in these markets be prepared to make money they're doing it. 360 00:51:37.320 --> 00:51:48.600 Celeste Lindman: they're doing it every day they know how they're trying to transfer that to you, so I suggest you take advantage of the opportunities that they give you so that you can be a money maker in these markets so. 361 00:51:48.870 --> 00:51:52.860 Celeste Lindman: we're glad you're here have a great weekend we'll see you all next week on ask the pros. 362 00:51:53.550 --> 00:51:54.450 Jack Carter: All right, thank you. 363 00:51:54.720 --> 00:51:55.830 Celeste Lindman: Thanks everyone bye bye.