Another extreme roller coaster ride for the US stock market ended the month of February. Big relief for the bulls as 2024 year close was defended on Friday. Entering the last month of the first quarter, I don’t see the volatility to subside yet.
The biggest news for the week was the altercation between Trump and Zelensky yesterday. Idiots who watch or listen to MSMs would assume it is Trump who provoked that fake Ukraine president. The reality is that Zelensky is the one who disrespect the people and the country of the United States. All it takes is to watch the whole meeting from the beginning to learn the truth.
For some mysterious reason, Musk managed to find the time to go on Joe Rogan again and the podcast is a must watch if you want to understand how deep the rabbit hole goes. I seriously think his life is in danger as he is challenging absolute evil at this time.
When technical guys are screaming “sky is falling”, Tom Lee is still bullish. Here is one video with him talking about what he thinks.
Here is a discussion of what happened since the option expiration of February marked the current market top. Cem Karsan famously called for a market top by February option expiration several months ahead and also nailed the date, January 13th, the January option expiration, that the “Trump gap” on election night would be filled. Given his track record, it makes sense to listen to him.
Today is beginning of March and as usual, I have tons of chores to take care of. Better get back to work.
Have a great weekend all!
