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Want More Wednesday? How About Another $2,000,000,000,000?!?

Joker Burns The Money GIFs - Get the best GIF on GIPHYMORE FREE MONEY!!!

That's right, we've barely had time to spend our last $1,400 and already Biden is tossing another $2Tn onto the fire for "Infrastructure" but I have to agree with Fox on this one as most of it is not about Infrstructure at all but, unlike Fox, I will reserve judgment until the Bill is out later this afternoon.  

Biden is looking to roll back the Corporate Tax cuts which led to a 20% jump in the market so, logically, won't the market drop 20% when the tax cuts get taken away?  We'll see.  And, to be fair, this isn't a quickie bill that pays out next week – this is an 8-year plan for spending that is being paid for by increasing Corporate Taxes for 15 years so, in the coming 8 years, we'll only go another $1Tn into debt on this plan – unless we elect another Republican President – then, as usual, the sky is the limit for debt spending and tax cuts.  

Biden’s proposal includes $621Bn to modernize transportation infrastructure, $400Bn to help care for the aging and those with disabilities, $300Bn to boost the manufacturing industry, $213Bn on retrofitting and building affordable housing and $100Bn to expand broadband access, among other investments.  (That Bastard!)  The plan calls for modernizing 20,000 miles of roadway; building 500,000 electric-vehicle charging stations; replacing the country’s existing lead pipes and service lines; repairing aging schools; expanding home care for the elderly and disabled; and investing Billions of dollars in domestic semiconductor manufacturing or, according to Fox, it's Hitler, Mussilini and Stalin rolled into one!

Biden also proposes establishing a standard mandating that increasing portions of the country’s electricity be generated from low-carbon sources, with a goal of eliminating carbon emissions from the power grid by 2035. The proposal requires congressional approval.  Mr. Biden’s plan also stresses equity in access to jobs and transportation options, including $20 billion for a new program that would reconnect neighborhoods cut off by past transportation investments as well as research funding for historically black colleges and universities. The plan calls for a national lab to be affiliated with an HBCU that will focus on climate.  Will nobody stop this mad man?

Just a step cried the sad man
Take a look down at the madman

Only fear breaks the silence
As we all kneel pray for guidance

Tread the road cross the abyss
Take a look down at the madness
Our machines feed the furnace
If they take us they will burn us – Knife Edge, ELP

Watch the Republicans freak out about this bill, which raises the Corporate Tax Rate from 21% that they don't pay (average collection is under 12%) to 28% that they won't pay so that Grandma and Grandpa can die with dignity while their kids have good manufacturing jobs (wasn't that something Trump pretended to want for a while?) that they can get to on better Public Transportation or in clean, electric vehicals while the kids are in modern schools not gettting lead poisoning from the water fountain – it's MADNESS!

Biden's goal of eliminating carbon emissions by 2035 is a direct attack on Koch Industries, the World's largest polluter and owners of the Republican Party, so expect this to get ugly very fast.  

There are currently 115,000 gas stations in the US so 500,000 charging stations seems like it might be excessive but it does take longer to charge a car than it does to fill one up with gas, so maybe we need more of them but that means there's going to be a very interesting sector to bet on here with money going to land as well as the charging infrastructure and components – something we all need to keep our eye on.

2020 in Review: Global Temperature Rankings | Climate CentralAll this has to happen over the next 8 years if we're to hit our 2035 goal of an all-electric vehicle fleet and that has to happen if we're to hit our goal of our species surviving on this planet past 2135 but things will get miserable long before then – that tipping point is right around the corner.  Biden set up meetings on Climate Change with Russia and China and Fox said how dare he meet wtih oppressive regimes – as if we can just ignore them in the fight against global warming because we have ideological differences. 

Until the Republicans understand that this issue transcends politics – we're never going to make real progress.

As you can see from the chart above, we are the proverbial frog in a pot of slowly boiling water, too stupid to get out before we die.  Of course we can't "get out" of the planet so the next logical thing we should do is try to stop it from boiling – but there's no OFF switch to this one – we have to reverse a trend we've been building on since the Industrial Revolution.  

Today is the end of the quarter so we're not expecting a drop in the markets.  Quite the opposite, there's likely to be some "window dressing" to finish the quarter up near the highs and an extra $2Tn is a big help in that regard – it should at least be good for another day's gains.  

As we predicted on Monday, Oil (/CL) is coming down nicely and we'll see if they keep bouncing off $60 or if it finally fails now that the Suez Canal is back up and running.  We're already past $1,000 gains per contract at $60.50 and that's the stop now but hopefully we'll get back to $58.50 for $3,000 per contract gains – won't that be nice?

 


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  1. Good Morning.


  2. Adding more ABR to my holdings.  Sell Jan23 15 straddle for 6.20 and buy the stock. After this sit back an do nothing, while collecting  combined 2.45 % per month until your premium is below the div. where you get called for the stock, if you do not roll in time, or to the downside , assigned for the 15 put , you in the stock for 8.80.


  3. Gee, helping disabled and elderly people and fixing sh*t.

     

    Sounds like a great start to me.  :)


  4. Yodi, this would be a short straddle right? You’re selling the Jan 23 $15 calls and selling the Jan 23 $15 puts? How do you calculate the 2.45% per month? 


  5. swampfox It is set up in my excel calculator. But here a simple break down. please note the Straddle yes short is showing now only 5.50 so here the you receive every month from div. .11 cents and from your straddle .25 cents so .11 + .25 = .36 x100 / through the stock price. at present about 2.1 % per month,


  6. Phil – WBA. looks like they beat and raised '21 guidance. What's your target price?  $55 is significant resistance. One note is the 2023 puts are 10% higher than calls.. shows the long term bearish sentiment. Hoping bears get scorched  


  7. jeddah62 quiet don't frighten Phil's favorite 


  8. Chpt is the EV  company that is setting up the charge stations. Financials look terrible though. Anyways with govt$ they could take off. Besides Tsla I don't know of others. Anyone? TIA


  9. I think F is another one.


  10. Lol Yodi. I alway forget WBA is your favorite child :)


  11. /Yodi.. Thanks for all your posts and trades in the chats.. much appreciated..    A few months ago you did a MRNA  April 140/130 PUT trade.  Please let me know what you plan to do with it.. (eg. roll )..  It expires in 16 days and stock price is $126..   Thanks Hicket


  12. Good morning!  

    Hit $60 and out on /CL, we'll see where the bounce takes us, hopefully $61 but if $60.50 fails, we can re-short there.  

    ABR/Yodi – Good one!   Mortgage REITs should do well with rising rates. 

    WBA/Jeddah – Yeah, $55 was my target, may have to rethink that.  Can you believe they were $35 and I had to argue about their value with people?

    CHPT/Pirate – I don't have a problem with them losing $200M a year – that's a slow bleed they can quickly be bailed out of.  $7Bn at $25 means I want to see $350M in income by 2023 and that's not going to happen so yes, we need to find a more compelling story or find the next CHPT at $10, where they languished most of last year before Biden got elected and everyone jumped in.  CHPT is a SPAC, another reason to avoid them.   BLNK is a cheaper rival but CHPT is miles ahead of them so BLNK will have to lose a lot more to catch up.

    CHPT has 14,000 stations, mostly in Europe and I think a station means a single charger, not a whole thing.  They have 75% of the market in Europe and they expect $1Bn in revenues in 2024 but is that profitable?  Without a clear picture on how they will make money – I can't really get behind this one.

    F/Pirate – A good stealth way to bet EV.

    Oil inventories are net neutral.  Gasoline draw should give the bulls something to rally over but we all know that's BS. 




  13. Destruction of world’s forests increased sharply in 2020


  14. Pharm- do you know anything about SURF (Surface Oncology, Inc – Cambridge,MA) ?


  15. hicket

    Yes MRNA I did not expect them to go that low. But as you can see up 8$. If they do that another time during the 16 day we out and clear. So never panic before the time. still good premium in it, yes and at the worse we will roll. Surely people need to be vaccinated.


  16. hicket Just even look at Phil's stock WBA out of the closet for a while.


  17. /Yodi.. lol.. Phil's stock WBA is out of the closet for sure (Glad I listened to Phil and made that Top Trade)..  Lets wait and see if MRNA can continue to go up over $140 in the next 16 days… Thanks a bunch Yodi.. 


  18. Phil, is there webinar today? I do not seem to see the link



  19. hwtdr/webinar – From this morning is yesterday's post:

    Good morning. Here is the link to today's webinar. 

    https://attendee.gotowebinar.com/register/6888239551389566221


  20. hicket Thanks a bunch, NEVER advise some one to follow my trades! You should always do your own research and never just follow blindly. But for your info the stock needs to go over 130, as my trade is  120/130 and not 130/140 

    MRNA210416P120 16-Apr-21 120 3 PUT 7.58 3.55 -53.17%

    MRNA210416P130 16-Apr-21 130 -3 PUT 11.06 7.975 27.89%


  21. Daveo, thank you


  22. Hope no one followed this eather 

    yodi
    March 18th, 2021 at 10:47 am | Permalink | Tweet thisIgnore this user
    Trading here a new kid on the block CHPT the leading play on electric vehicle charging infrastructure… As a pioneer in electric vehicle charging, ChargePoint is building a highly defensible business by designing smart charging infrastructure.

    PMT buy the Jan 22 20 call @ 10.45 and sell the 20 put @ 6.80 and sell the May 21 30 call for 2.95. Puts you in the driver seat for .70.

    Just as I said new kid so don't bet the farm.


  23. Thanks Dave as it's almost Webinar Time!  


  24. Surface oncology/pstas – I have, but I have not really dug into their pipeline.  They are just entering or have just entered clinic.  Too early to tell.


  25. Remind me we want to look at CIM, NLY and AGNC again – MREITs looking good going forward.

    Oil $59!  It's not $58.50 but we have to take it!


  26.    CHL- talked to TDA today about CHL positions. Nothing new- cannot trade on US exchanges per executive order. They can only say to find alternative broker that can handle trades on HK exchange. Policy prevents any recommendation. By the way, per the executive order, transfers can be made until August 2nd. After that?

    Can't someone get Hunter on the phone to straighten this out?


  27. When your target is $58.50 EVENTUALLY but you hit $59 in an hour – you take it!  1/2 off the table and very tight stop on the other – like $59.10.


  28. hicket Just for a bit more of information MRNA is up 12.65 so over my taget of 130!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


  29. /yodi  Just need MRNA to have another day like today and get above 140.    Much better situation now then yesterday..  Cheers


  30. hicket still your comment " continue to go up over $140 in the next 16 days… Thanks a bunch Yodi..” I feel a bit strange about it, just in future please do not copy my trades, especially if you improvise and then blame me for it.


  31. /yodi I would never blame you on any trade..  I did my analysis of the trade and I was happy with the premium and it was below the 50 days average.  At the time the stock was over $185.. So please keep up sharing your ideas.. Like I said I really appreciate your contribution here..  Hicket 









  32. J&J Vaccine Manufacturing Error Affects 15 Million Doses