I just have to say that my heart is breaking over the tragic event/mass loss of life which just occurred in my home town, Las Vegas NV.
My Lions, if you have been following my work especially over the last several weeks, I have been explaining how you should be buying every single one of the dips which may occur in this market as it has nowhere else to go but higher in this environment. If you have been following my advice, you have done very well.
In my opinion, at this time in this environment, stocks will continue to move higher.
My suggestion again, moving forward as I have been saying for weeks-continue to buy the dips.
The current environment is clearly “risk on“ which also means that gold and silver will be on sale, so stack up!
Today in early trade, cash continues to come out of the bond market and is simply going to look for places to go-and again in this environment in my opinion cash is going to flow into Stocks, despite the fact that this market is completely out of touch with reality.
The fact that stocks are in La La Land with regard to valuations does not mean we cannot take advantage of the price action, and that is exactly what we are going to do my Lions!
************We are going to Rip the Face right off of this market! Big time.
Happy trading!
Gregory Mannarino
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