Bakes’ Takes Podcast 3/13/21 1) Vaccines, check. 2) Stimulus, check. 3) Stocks up? No check yet.

Bakes’ Takes Podcast Show Notes Saturday  

March 13, 2021

 

:23 1) Vaccines, check.

2) Stimulus, check.       

3) Stocks up? No check yet.

 

:33 Why I do this—Bobby, Jack, please listen in.

 

‘87 crash, journey, technical analysis first, fundamentals second, not right or wrong, just works for me. read WSJ, Barron’s Economist, listen to podcasts, devour relevant newsletters, monitor what Google alerts bring. Point you to them, but if you don’t want to do that, please know that I’ll do it for you and I eat home cooking, I have no conflicts.

 

1:49 Not investment advice. Please conduct, and share, your own due diligence.

 

Bakes’ Take—Fan Mail! Calls! Questions! Mike!

 

2:18 Mike!—Why play short term game? Should I pay attention daily? If I focus on 10-year outlook I would make more money. RCL example

 

Royal Caribbean/RCL--$111 down to $86, down 22% in one year, plan ahead

 

All of these beat RCL. If you own losers you can’t invest in winners.

 

4:33 Bakes’ Take—Very few true long-term investors imo. Long term in retirement plan, add our ideas on top.

 

6:10 Jack—Stimulus bill effect on equity markets? % of $1400 to stocks and retail.

 

6:49 XRT/Spider S&P Retail ETF—4% or so GME, yes, I’m touching the stove. 3/25 earnings call. How do they become digital gaming company. Chewy II.

8:10 XRT—weekly closing high, good looking chart.

 

8:18 GME—4% or so of XRT, $18B mkt cap, losing $2 this year Street est., SPAC w/ Epic, Ryan Cohen, Chewy II, 11 mil shs short/69.7 mil out, 15% or so

 

10:22 Bakes’ Takes—Stimulus likely largely priced in, discussed for months. Sell the rumor? Amazed at GME, another lid broken, even with short interest way down

 

10:48 Please share this with your RH or RR friends, send your other stocks/ideas and I will offer strategy for them as well. Please stay tuned.

 

Bakes’ Takes—My Themes/Groups

 

11:05 Bakes’ Take-Like my etf’s, watching 200 dma’s know market is not cheap

 

       

Bakes’ Take—Podcasts of the Week!

 

https://podcasts.apple.com/us/podcast/next-big-thing-nfts-rising-rates-legendary-mark-fisher/id1456467014?i=1000511697710

 

11:37 At 1:06 Mark Fisher “get lost”. Pre Wayz. Small amount of real money. Let us help you find the way. Touch the stove, gingerly. Also, Mark is looking to train traders at http://www.mbfcapital.com/contact.cgi

 

https://podcasts.apple.com/us/podcast/cathie-wood-on-space-tesla-and-following-up-her-152-return/id1504250328?i=1000511700091

15:39 Cathie—up 152%, can’t be surprised down 20%. Wouldn’t chase her ideas. At 17 mins. Bitcoin math.

 

Art Laffer/Cathie Wood

$8,000,000,000,000

U. S. Monetary base

 

$10,000,000,000,000

Gold

             

Bitcoin Shares

21,000,000

     

21,000,000

               

Bitcoin Price

$380,952.38

     

$476,190.48

 

 

Bakes’ Take—Reporters of the Week!

 

 

19:24 Bakes’ Take—Most will take his advice. The economy will rip. Rates might as well. Watch 200 dma’s.

 

https://www.instagram.com/p/CLfSz8Gpcf2/

https://www.youtube.com/watch?v=Y9zu0eHzEno

22:39 Bakes' Takes Podcast 9/2/20 - My 3 minutes on Bond Prices Going Down!

 

22:41 two things must be remembered. One is that well-regulated nuclear power is safe. With the terrible Soviet-era exception of Chernobyl, nuclear disasters come without large death tolls. It was the tsunami, not radiation, that claimed nearly all those lives in Fukushima. The other is that the climate is in crisis, and nuclear plants can supply some of the vast amounts of emissions-free electricity the world needs if it is to cope. Solar and wind power are now much cheaper, but they are intermittent. Providing a reliable grid is a lot easier if some of its generating capacity can be assumed to be available all the time. Nuclear provides such capacity with no ongoing emissions, and it is doing so safely and at scale around the world.

 

 

 

24:17 Peter Baum’s company in New York, Baum-Essex, uses factories in China and Southeast Asia to make umbrellas for Costco, cotton bags for Walmart and ceramics for Bed Bath & Beyond. Six months ago, he was paying about $2,500 to ship a 40-foot container to California.

“We just paid $6,000 to $7,000,” he said. “This is the highest freight rate that I have seen in 45 years in the business.”

In early September, he waited 90 days to secure space on a ship for a container of wicker chairs and tables.

 

 

Bakes’ Take—Charts/Tweets/Posts of the Week!

 

25:49 PFE--$34à$43à$34, bought the rumor, selling the news, fan question follow-up

MRNA--$100à$189à$136, bought the rumor, selling the news, fan question follow-up

 

Bakes’ Take— Newsletters of the Week

 

 

27:32 Bakes’ Take—Selling stocks to pay tax bill makes sense to me

 

03/12/2021

 

28:48

 

 

Please also subscribe to my Bakes’ Takes YouTube Channel, the audio is the same but the charts that I reference are on the screen. Follow us on Twitter @BakesTakes_ and other social media. Please, please use your voice memo app, tape your question(s) and email to bakes@bakestakespodcast.com or write if you prefer. I will also keep you anonymous is you’d like.

 

Thank you for listening, Mike Wilson is my producer.

 

Have a great week. Bakes

 

Much needed levity…

 

https://www.youtube.com/watch?v=4x6ChkeOmDw

30:25 The Worst Thing to Say at a Party - Pete Holmes