Comments by "" (@mrpmj00) on "Markets close at record highs as Big Tech earnings loom" video.

  1. The thing is, those who got to work from home since 3/2020 saved so much money: no daycare costs, no commuting costs, no big vacations in 2020. So now we're spending! House values are up 30% so we can borrow from the equity. Stock market is up 60%. It's the ROARING 20s again!
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  2. =I bought FAANG stocks (Facebook, Apple, Amazon, Microsoft) Netflix, and Intel, Zoom, ... ___Disney, Wells Fargo, Boeing, Walgreens, IBM, Chevron, DOW, SIEGY, AT&T for the recovery. Warren buffet quotes: It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
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  3. =Have you noticed that Wall Street Journal, Yahoo, CNBC, CNN and bloomberg hate tech (even though most of us have 401k plans that have big tech) and push crypto crap, NFT ponzi scheme, and meme/gambling stocks like AMC/gamestop/SPAC, promoting China, and scaring investors by promoting inflation? For the fools that bought crypto in May 2021, they've lost -50% as of July 2021, even worse if you bought dodgecoin -80%! You're wrong about inflation going up. Most people aren't buying new cars. However, most people DO buy gas and that's roughly the same as a year ago, not to mention that we work from home and saved soo much money by not spending on gas or maintenance, and tons more on not having to pay for daycare costs. Inflation or no Inflation, who cares. Own high quality companies whose products and services have pricing power, that leads them to have stable growing cash flows. Price will take care of the rest...
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