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How’s it going everybody this is beat the bush i sold out all my stocks a while ago the stock market kept on going up you might want to ask me how do i feel about this do i feel like i lost out or something i did not buy back in nor do i plan to and today i’m going to cover some reasons why i still think this way this video is brought to you by webull weibull
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A promotion and they really just want you to keep that app try the app out and see how well it works for you i find that it gives you a lot of useful trading data check out my referral link down in the video description below now a lot of people in the comments section keep on saying what are you doing you are essentially day trading now you become some sort of
Stock investor that’s not doing the long-term thing where i’m doing uh index investing i’m just talking about short-term trading that we know most people are not going to outperform the broader index why do i keep on doing this is because i feel like i’m in the position of knowing a little bit more information about the stock market because i do so much research
Every single day instead of going to work every single day this is what i do for fun instead i want to kind of speculate about the market and put my money where my mouth is so far there has been two really dramatic things that i’ve done that caused me to believe that i might be able to time the market a little bit number one is my bitcoin sales two years ago
Number two is my tesla sales about six months ago or so i think most of you guys that are watching you know 99 of you guys probably should not do what i do nor am i giving any kind of investment advice i’m just telling you guys what i’m doing personally over here and then you know just seeing what’s going to happen now let me get into why i have sold out of the
Market unemployment rate right now is 14.7 since the end of april it’s gone higher up than that since then estimates for may is a whopping 23.9 this is crazy there’s a lot of people not working out there they’re taking unemployment they might be getting that 600 extra so there’s a lot of people sitting at home getting unemployment and they have idle hands you
Know that’s what they say idle hand people they tend to do a lot of other things like looting the thing is i think people are unhappy about it for being unemployed and when you have this new protest stuff over george it’s just it’s kind of like a trigger to get everyone out on the streets and cause all this havoc amazon shuts hubs near protest target closes more
Store so what does this mean for amazon for target well if enough of them closes down then it’s going to impact their sales this means it’s going to impact their stock price so this is something to watch out for if these protests if these looting get more and more out of hand then the stock prices of those retailers a lot of these retailers are getting looted and
Stuff then the prices of even amazon it’s going to trickle down a little bit now of course for target this is really a proportion of how many stores are closing versus how many is actually going to remain open so far it’s a few dozen but we don’t know how far this is going to go this is a developing thing i was just watching the news right now and people are in
San jose looting people are in l.a and santa monica looting it’s just crazy out there you just don’t want to be out there because you could easily get hurt aside from this the stores do lose inventory when there’s looting going on so there’s going to be some sort of write down for the amount of goods that they lost even if they empty out the whole store it might
Be like a few days worth if you look at the unemployment if there’s mass unemployment there are certain triggers that would cause people to come out and protest and possibly loot so i think even if this george think doesn’t happen there might be other things that would cause the same result just the same you have this kind of social instability when it’s unstable
You know little things can trip it up and cause bigger things that happens it actually happened way earlier than i thought it would in terms of looting you know in the beginning when i thought oh you know we’re having shortages on food uh there’s gonna be massive employment people are gonna come out and start looting but look it came from a different vector
Instead of coming from a food shortage and unemployment thing it’s kind of related it’s unemployment and you know this george protesting it came from a different vector and the same thing happened i joked around in the very beginning of this infection that i had to prepare myself in fact i did a drill on my own just to make sure i can grab my weapons really quickly
Just in case people try to uh invade my place over here i think you know this is prudent to do just so that you can be well practiced you know and just you know know where everything is how to access your weapons but then if i really think about it i don’t have that much to steal anyway because you know they might steal my handmade almond milk or something i don’t
Know i guess i don’t want them to steal my dinosaur over here i think this is quite valuable leave a comment down in the video description below how much you think the dinosaur is worth please i have no idea how much this is worth you know let’s say i go on ebay right what’s your highest bid for this thing not that i’m gonna sell him though i’m just wondering you
Know how much is this guy worth but here we are the smp futures is down about 0.7 but then again the futures to me whenever i look at it it’s like it doesn’t indicate what the stock market is gonna do when it finally opens on monday it seems like people finally get to work on monday they start trading and they’re like oh my gosh things are really crazy and then the
Real action happens so here’s my prediction i could be very very wrong on this but i feel like on monday there could be like a mild to medium drop due to the crazy protest a lot of stuff has gone on over the weekend so many a couple dozen cities already have protests looting there’s like fires and stuff the police cars are on fire it’s it’s crazy i’ve never seen
Something like this so spread out everywhere now i think when the market opens it could accelerate in either case of course i can’t just talk about the stock market going down just talking about the protests and the looting there’s also the fact that when people loot and there’s this mass protest of a lot of people just not wearing masks and stuff we’re gonna
See an uptick in the infection with the infection largely affecting lower income people because most of the lower income people have to work they cannot work from home the people that are going out to protest that demographic is largely gonna have more percentage of people infected therefore when you go out there there’s more danger of getting infections check
This out a really huge payroll drop over here of 11 for the people that are still working if you get less pay there’s less spending a lot of people are living paycheck to paycheck so if you get 11 percent less pay you might not be able to make your ends meet you might have to cut back on some stuff i think this might actually be partially compensated from people
Not spending as much because during lockdown people aren’t buying as many things they can’t go to restaurants they can’t go to the mall and buy stuff they can’t go to the movie theaters so i think with the pay cut even if let’s say we miraculously come out of this and people are able to go back to work their pay is not going to suddenly jump back up 10 they’re
Very very quick to reduce paychecks but very slow to increase them so this means that even if we come out of this it’s going to be a very slow recovery another thing that is sort of realizing this pessimism of me selling out of the stock market we keep on getting really really bad news now we have this escalating u.s china trade war from the news is getting very
Serious including having hong kong sort of being treated like china now they no longer have the special trading privileges anymore so this is a really big thing and each one of the countries seems to doing like a one-up thing it’s like oh yeah if you’re doing this i’m gonna do this and then they’re like oh if you’re doing this i’m gonna do this and then it’s like
Getting bigger and bigger like that so there’s a lot of issues hanging out there but then the stock market even with a lot of these things going on it’s still roaring up higher but over the weekend we have this protesting we have this escalating u.s china trade war that’s kind of brewing and it’s getting higher and i would say the stock market has gone up a lot
And at its current value i just don’t understand how it can stay this way with most of the company’s earnings coming up that’s going to be horrendous people are finally gonna see how bad they are one thing that does hang on my mind is that sometimes people anticipate it to be very bad some people are actually discounting the fact that oh yeah you know this is
Just you know just a really bad quarter we know that already because of this infection thing but if we just kind of bounce back you know people could almost just ignore q2 so even if q2 comes out and then go oh it’s really bad investors might just ignore thinking okay it’s just a one-time quarter thing next quarter is going to be back or it could stay up because
Of all these easy money monetary policy from the federal reserve so there are these reasons on both sides of why the stock market could keep on staying up and then you know i personally think all these things i listed is going to outweigh all those other factors so i do acknowledge that this might be a gamble this is something i can’t perfectly predict you have
To wait for history to unfold itself and that’s where i am at right now so thanks for watching this video i hope you guys enjoyed this update on all the things that i think is affecting the stock market right now again check out my web referral link if you guys are interested in getting two free shares of stocks and help out this channel as well and as always
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Transcribed from video
Why I Sold All My Stocks By BeatTheBush
