 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tom and Tommy O'Brien. Welcome folks, we have the Dow Industries down 32. NASDAQ up 26, S&P's are flat and that's after, bottom line, the markets themselves folks have already reached another all-time high today. Gold contract, gold contract on $4.80 straight and it's $14.55 an ounce. We have silver down 10 cents, $16.94 an ounce, light sweet crude flat, $58.42 a barrel, notes and bonds. You get the 10 year down 7 ticks, 30 off 11 ticks and good ol' Kingdala. Kingdala up 118 ticks, trading 98, 372, euros at 110, yen is at 109 and the pound is out here at 128 to one U.S. dollar. Tom O'Brien, what's going on besides all-time highs? All right, we're gonna get a recording going every day, man, all-time highs, all three indices, right? Quite a print. We got overnight 31.50 and we were, like you said, I think that was an intraday high that we had at the open, I believe. Yes, and folks, come over to our website at TFNN. You're gonna see right on the front page, Tom is now doing an update after the market close in the morning. Check it out right on the front page. You're gonna go, let me pull this right here. So as you're getting into TFNN folks, you're gonna see it right under featured content. Bottom line is that, check it out. Great update, Tom. Thanks, man. Yeah, there was some, you know, it's not that it's easy, but man, we've had a lot going on for a short holiday week where I pull up to see what's going on and it is full. As we're talking to our man, Kevin Hinks yesterday, he's talking about the number of economic numbers coming out this morning. Yes. We got the GDP number at 830, 2.1% for the third quarter. 1.9 was expected. We got durable goods as well. We get, we're still in earnings, right? You talked about that Dell was earning, Dell was moving this morning. John Deere came out and disappointed as well. They're down, let's see where they're at right now. It's just a plethora, man. There's a plethora of things. John Deere down 3.3% on their earnings this morning. But you know what my favorite story is? What? Of that morning report is if you go all the way to the bottom, man, I snuck in a little sports in there because Duke basketball last night lost to Steven F. Austin. And it's always fun rooting for the underdog, right? Especially against a franchise like Duke, number one ranked, Steven F. Austin took him to overtime. And folks, if you haven't seen the end of the game, I put the link in there for the ESPN article because you gotta find the end of it, man. Duke comes down the court, tied, okay? So they got the ball with like eight seconds left. Steven F. Austin steals the ball, runs down the length of the court, and lays it up as time expires to beat the number one ranked team in the nation. And that's the first time that Duke has lost a non-conference home game in 19 years, 150 straight games. I mean, you can't write a better script, man, in terms of, you know, they take him to overtime, they steal the ball right at the end of the game, run the length of the court, lay it up. And it was the biggest upset in 15 years because Duke was favored by 27.5 points, which in college basketball is an enormous number because college sports, college basketball scores are not as high as the NBA scores. Yes. Many times you can have a 70 to 50 type game. So, I mean, just all around, check it out. The end of the game, you know, congrats to the players at Steven F. Austin because, whew, man, it's just, it's pretty cool. That's amazing, man. It is. You gotta go watch the clip. I'm gonna. Because it was amazing. And then, you know, folks, of course, we're kicking into Thanksgiving and we got some heavy storms, depending where you are in this great country of ours. You know, I almost put that, I didn't have enough time. I almost put that in the morning report as well because yeah, it's remarkable. And it really is. There's a lot of weather, that Denver airport, right? People just stranded in Denver. Boy, oh boy, you know, we're very lucky to live in Florida. We know that. And we really get reminded of it this time of year because boy, oh boy, those cold storms ripping across the country. Yeah, and so this one here, they got nasty Midwest storms and gusty New York winds, folks, okay? As Tommy was just saying, Denver received eight to 12 inches of snow with treacherous road conditions though. That's, you know, that's the bottom line. And then, of course, in New York City, now this is coming in on Thursday, they're gonna, hopefully the winds won't be as bad as they think they are right now, but 25 mile an hour winds. And of course, you get the Macy's Day parade. Yeah. And then for all the ski is in California, they're gonna be all set. I mean, the Sierra, Nevada's and the mountains out there, they're getting, they're getting a foot of snow. I guess, yeah, the foot of snow is one thing, but this is sad. So, because after all those fires, now Southern California, they're thinking it might touch off mudslides. That'll be a problem. That'll be a big problem. Yeah. And I saw the headline just to bring it back to Denver. 500 flights closed Wednesday in Denver. Cancel, excuse me, I believe. Yeah. And that's a tough one. One of the biggest travel days, if not the biggest travel day of the year, man. There's no doubt. Look at this, Chicago. Excuse me. 50 mile an hour winds right now. Yeah. I'm a man, Mr. Kevin Hinks. He must be, he's, and here he is. I hear, I hear it. He was just on TD Ameritrade. Perfect. We'll be able to talk to him soon. They're from the Windy City, man. They're used to that wind. They're troopers out there in Chicago, man. They have to be because boy, oh boy, they get the winds, they get the wind chills, they get the temps at zero. They gotta be troopers out there in that Windy City of Chicago. Yeah, there's no doubt. And listen, folks, every trading day right here, you wanna understand option, option strategies, futures, great program. If you haven't test driven to think of swim platform, real easy to do, just hit that button and the banner right when you're on site at TFNN, coming from the Windy City. Oh man, Mr. Kevin Hinks, what's going on? Oh, no Kevin yet. Okay. So he's getting, he's still getting blown away out there. That's all right. He'll jump on. Look at that 50 mile an hour winds, oh my. That is, man. That is. And I, you know, it's, I say they can handle it, man, but boy, oh boy. I mean, especially in the winter, the windshield numbers, as I think we all know, if you've seen the weather, man, they put up some amazing windshield numbers because when they have the cold weather, some of the areas of the country you have, then you combine the wind with it and they got negative 15, negative 25. I mean, that's where it really, you lose some fingers and some toes if you're not careful out there. Oh, there's no doubt. And we're getting an update, the den right now. So Western Denver, 14 inches of snow, seven degrees. Snow plow operators already on Thanksgiving holiday. I don't blame them, man. Oh my God. I don't blame them, yeah. So, you know, market-wise out here, Tom, bottom line is that, let's take a look at this. Let's take a look at these futures because there's no doubt that this got right to the high, I believe, as soon as we were open. Let's see, so. If you want to minimize that area in the bottom, so we're only seeing that way. Thank you. Okay, so let me pull this. Yeah, because GDP number was strong just as you're pulling it up, right? And the durable goods was a big beat as well, man. I believe durable goods came in at 0.6 or 0.8% and there was an expected decline. And that number out at 8.30 as well. So with those two, I mean, you could have seen the market even higher, I think. Yeah, no, I can see that. So it looks like the futures made a high at five o'clock this morning. Yeah. But the spy made a high on the open. That's what we did do out there. Stay right there, folks. Tommy and I are coming right back. Our phone number is 877-927-6648. Right back, folks. Thank you. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. 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Internationally at 727-873-7618. Welcome back folks. Now I was down 29 now except 29 S&Ps of flat. That's after all the indices reaching an all time high today. And let's go to our man in the windy city of Chicago folks. Our man Mr. Kevin Hinks from TD Ameritrade and don't forget every trading day right here. 11 to 12 Eastern Standard Time Outstanding Program. You want to understand option, option strategies, futures. Great program, Kevin and his team. If you haven't test driven yet the think-as-one platform so easy to do as you're watching TV right now just hit that banner. Bring it up. They'll allow you to trade paper money. Kevin Hinks, we heard it was windy 50 miles an hour out there today, man. Good morning, Tom O'Brien. The only thing that's inconsistent about Chicago is the weather, Tom. If you don't like the weather just wait a few minutes, it'll change. And people in Chicago, they're used to it now. The national weather service talks about weather in Chicago and people are like, yeah, just a Wednesday. I'm with you. Yeah, because your headlines out there today. I mean, I guess New York's gonna get something. California's getting something. They're saying that Chicago 50 miles an hour, 50 miles an hour winds, man. That's pretty intense, man. This time of the year, guys, if the temperatures are a little warm, which actually you say out, they're up there 50 degrees today, chances are that's because of wind. Wow. And so that's just what you have to live with. If you get a little better temperature, you gotta deal with some wind. That's pretty cool, man. That's, yeah, no, there's nothing wrong with that, man. 50, with wind, I'll take that all day instead of 20, right? Absolutely. Or 20 below. Yeah. You'll take that. You're done, right? You will. So, hey, listen, another day coming into Thanksgiving. They reached all-time highs again. You know, a lot of action, man. I mean, it's slow, but there's a lot of action, right? Yeah, you know, today, we entitled today, Data Dump Wednesday. Yeah. Because they literally took most of the information for the rest of the week and just put it out today. So we got some nice data points. Some of them were strong. I thought the number that just came out at 9 a.m., personal income and outlays was a little soft. That's why you saw bonds rally back to about half of their losses because the durable goods number was really strong. Yes. The GDP number was a nice upgrade for a second look at third quarter GDP. That made bonds weak, but now they've halved their losses because this income and outlays number was pretty soft. No inflation in the pipeline at all. It was, you know, pretty light numbers. So bonds got a little strong based on that. And, you know, we got a little news in Bowling, holding the Dow. That's why the Dow futures are a little weak. We, you know, John Deere's earnings are probably hurt in Caterpillar a little bit this morning, but all in all time as we break, go through the day to day, I think more and more eyes will be turning off the computers and focusing on Thanksgiving. Yeah, there's no doubt, you know, by noon, I expect that things will slow down. You know, Kevin, these notes and bonds, man, I know he keeps saying it, but it's amazing. They're relentless. They just, you know, because when I grabbed this one, earlier this one, as Kevin said, folks, the note and bond microwaves down pretty good actually, okay? And it's like, okay, if you want to break low up, you know, okay, I can, you know, Thanksgiving holiday, they can push it anywhere they want. And then all of a sudden, by the time I got to the office, just as you said, they took back half of it. It's like, okay, man, people are still buying those hand over fist too. In the last two days, you know, we had monster volume in both of those contracts, which it's like, man, you know, there's probably a rollover happening too, but that's a, there was a big numbers inside those contracts the last two days. Yeah, indices are drifting here, Tom. I mean, there's really no reason to get in their way, but that being said, you know, some strong durable goods and GDP may have put a little trade into this market, but I think personal income and at least just kind of muted it. So with three good data points that we got this morning between 7.30 Chicago time and nine, it's too good, one, one kind of soft, all in all it's kind of neutral and it's time to look towards turkey day, frankly. No doubt. I'm ready. Yeah. Hey, let me ask you something. You know, like when we came into the summer, yeah, you basically always saying you gotta be careful in the markets in general. So you're trying to push things out to September. Right now, if we're doing spreads inside the, you know, do you push them out to January? How do you deal with that? Like right now? I'm like trading, here's what I, here's the way I think. And it's from years of looking at these things. I love trading January from the long side and then selling between now and December. Okay, cool. Between the end of December because it's a holiday market. Yeah. January, remember what most Jan options are if you open up your option screen. There's a long-term option that has now moved up on the calendar all the way to January. So there's big open interest, usually big interest in Jan options in general. Okay. So yeah, you're right. With lower numbers into November and December, I like to buy the Jan options and sell the Nova Dees. That's great. That's cool, man. Yeah. There's, you guys, I can see that too because of course, you know, when you, we've had markets up, but the bottom line is that, guess what? People are looking as to January now. I mean, it's like, okay, how are we gonna reposition if they're gonna reposition those portfolios? You can imagine the amount of, some of these portfolios are gonna be lopsided with some of these equities, the gains are so dramatic. Sure. I mean, so it's like. Yeah, you know, you've got a lot of money managers time with a lot of big numbers. Yes. On their sheets. The last, you know, looking at the overall year, I'm sure they'll be, you know, at least lightening up on any rallies here. So I think this market will get a little, you know, it'll drift, but I don't think it's going anywhere significant during this period. But January should bring in inflows, right? And people are making more money. So I think January will probably a pretty bullish month for this market unless something comes to change it, obviously. Sure. So the object to change without notice, Tom. Yeah, there's no doubt about that. And then, you know, what does happen is this, a lot of people are gonna be pushing more money into their IRA. That's gonna get put to work, right? I mean, what does happen is that people look at how much they've made, you know, how much they've put in there and say, hey, I can put another couple grand in there. And that times thousands of people adds up to some real money on a longer term basis too, which is a different ballgame altogether. Do you know what I mean? Yeah, I think that, you know, that's money that's gonna be invested in the market most of the time, right? That's going directly into the stock market, depending on the age of the person doing it. Obviously, as you get older, you should be transitioning a percentage of your money into fixed income and things like that. But fixed income, it's very difficult for the elderly and the people in their retirement to be relying on fixed income because the yields are so low. There's no doubt, man. I mean, you know, we're out here, we're still, well, 1.76, you know? Right. And we take a look at this from that perspective, you know, we've had quite a year. Of course, the high's been three, the low's been 1.45, you know? Right. But even a three, right? Okay, three percent, three percent. I guess three seems like a lot now. Right. People would be killing themselves to get three percent right now. But that's what this does. Lower rates pushes you toward stocks, right? This is when the smart portfolio managers have to be looking at dividend play. Dividend stocks to replace the yields and then when the market flips and rates go higher, then you transition back into those. Yeah, there's no doubt. You know, it's amazing too. And when we was talking dividends, it's amazing that, you know, these big phone companies, Rise and Marbelle, they've been paying four, four and a half percent forever. Yeah. And their equity still holds up. It's like pretty amazing, man. Well, listen. A lot of cash flow out of those. Huge. Folks, right here, 45 minutes from now. Kevin, you have a great one, a safe one, a great Thanksgiving, great weekend. We look forward to speaking to you next Tuesday. Thanks for having me on, guys. Have a great Thanksgiving, O'Brien. Thank you. Thanks, Kevin, you too. Stay right there, folks. Tom and I are coming right back. Dow is down 23. Nasdaq up 31. S&P's a flat. Come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies and commodities to keep investors up-to-date on the day's trading action. Included in market insights are specific buy and sell recommendations for stocks, ETFs and even options, with stops and price targets included for every trade in my newsletter. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. ["Think or Swim Banner"] Welcome back, folks. Now I was down 23. Nasdaq is up 31. S&P's a flat. Let's go inside that dial and see what is the strength versus the weakness inside here. Put this baby up. Point-wise, what we have is that... Oh, yep, it's Boeing. Boeing's putting 30 negative points. Caterpillar, nine. Dow to Pond, nine. Not that bad. Apple's putting 11 positive points. You got 3M putting nine. Big Mac is putting eight. And let's go over to Deer, Tom, and see what they have to say. They... There's no doubt this is... You know, it's down eight bucks. Yeah, off the lows, but they had a little bit of negative action this morning on their earnings, that's for sure. Yeah, so let's see what that... Let's see. So the headlines is, Deer Outlook Disappoints as Trade War Keeps Farmers Frugal. Can't blame them, man. Yeah. That's the sales of agricultural turf equipment forecast to fall 5% to 10%. Let's see. Deer delivered a more cautious outlook than expected for a year ahead as simmering U.S. trade tensions and growing... And difficult growing conditions keep North America farmers from replacing large equipment. Demand for machinery has taken a backseat as trade concerns of farmers worried about who will buy their products. Man, it's got to be pretty intense to be in a farmer right now, man. Oh, man, it's not much tougher that you can be going through, I imagine, from what I continually hear what they're dealing with out there, yeah? Seriously, man. Okay, so given their first guidance for fiscal 2020, the newly appointed chief has got the executive office, John May, projected net income in the range of 2.7 billion to 3.1. And that compares with the 3.46. So that's quite a... That's staggering, right? I was waiting again. I mean, that's just... They might have income of 2.7 billion and they were gonna have maybe 3.5. That's $800 million to the bottom line that just might go poof. Yeah. So that's serious business, man. And that's keeping in mind that that was the average analyst estimate which already factored in some struggles. Yes. You know? Right. So it's, yeah. Wow. Let's see. Fiscal fourth quarter, the top truck to make reported better than expected sales and earnings that were broadly in line with estimates. There, let's look at the positive. There are positives. The deal between the U.S. and China could provide stimulus. Well, good, guess what? You're waiting on that, man. Seriously. Yeah. If you were a farmer, just pitch this hook. If you were a farmer and a deal comes down and you have to depend on that deal staying in place, would you go spend the hundreds of thousands of dollars on equipment? That's right. That's pretty interesting. No, it's a great point, exactly. I mean, you know, that's uncertainty is as I mean, it's just everywhere, so. Yeah, no doubt. So that's the deal. Let's go over to Caterpillar and see what that's doing to Caterpillar. Yep. Hitting Caterpillar a little bit this morning, as you might expect. Right. Not as bad, though. Interesting, right? No, no, yeah. And I think they're both, you know, they got, of course, the farming equipment, but they're both into mining equipment big time too, I believe, let's see. So under the scripture of Caterpillar, you got construction mining forestry. Let's go into deer and see maybe deer is just a bigger agricultural deal. I see, that's interesting. They're into construction of forestry also, but agriculture is the first one. Yeah. Yeah. So if I put the revenue, if they break it down. Yeah, that's what I was waiting for. All right. Okay, so this is cool. They do break it down. So deer, revenue-wise, agricultural and turf, 23.7 billion, construction, 11 billion. Okay. Now, let's do Caterpillar. So we gotta remember those numbers. 23 and 11. Okay, cool. And then inside Caterpillar, let's see if they even break it down for us, right? Sometimes they hide the sauce. They do. They do, and there you go. Yeah, machinery energy transportation, 51 billion. Yeah, it's a little different mix. Yeah. Hey, how about oil if we could jump over? So we just had those crew numbers come out, quite a miss, man. We were looking for, we talked about it yesterday on the show, the estimate was looking for an EIA inventory decline of about 800,000 barrels. And it looks like we still got plenty of oil, man. That number coming in at 1.5 million barrels on crude. And I'm pulling up the chart. We initially got a little bit of a thrust downward. I got the chart up there. We spiked to 58.16, but oil right back to where we were, man. $58.37, we didn't miss a beat and we're actually trading higher on that number right now. Wow. Pretty remarkable. And the remarkable run we had last night, man. You look at that high we had at 6.50. I call it last night, 6.50 AM this morning. We're up at $58.66. And boy, oh boy, crude catching a bid right now at 58.49, as it looks like even a surplus, an unexpected surplus on that EIA number. Can't hold it down. That's pretty wild. And what you're doing here, folks, which is gonna be interesting here is that you're going right, we've been up here a few times and 58.74 is the number that it's trying to break through right now. Look at this. Well, we might get there by the end of the segment, let alone show. No, no, totally. Totally, I can see that. No doubt. I mean, talk about a trend of higher highs and lower and higher lows, right? I mean, that trend is just poof. It's pretty clear. Let's put that on a yearly. Well, I actually got to do a CL. And CL one? Yeah. There we go. Let me get the gas inventory up there as well. Plenty of gas, 4.3 million barrels of gas inventory. Oh, no, excuse me, that's the API. Gas came in at 5.1 and the estimate was only an increase of 800,000. So plenty of gas as well coming into Thanksgiving. Yeah, you can see, they have this long-term chart up now of oil. I mean, we've been here for quite some time. I mean, this thing back down and well, actually a year ago, that's when we had back down. Look at that. So in September, last September folks, you're at $76 and in the middle of December, we were at 42. Yeah, that was crazy run. Yeah. And that's of course the market, it took the market down simultaneously. That's in the market itself also. Oh yeah, I'm sure. You look at that December low, some of those big bars, that's when the market, good old Christmas Eve was screwed on Christmas Eve coming for all the cash. Coming for all the cash on Christmas Eve. And he got it and he just had to give it back the next... That's right. He started giving it back the next week though, right? Seriously. Yeah, no doubt. So if we go overseas and take a look at overseas folks, last night, you have, you know, Europe is basically up slightly this morning. Asia was mixed last night. You know, Hong Kong still, Hang Seng still can't move. So there's not a lot of movement over there. And what does happen, even though that they are not opened, though we are not opened, there's not really a lot of action even the next couple of days. It's always intriguing to me that if our markets are closed, their markets are open, but they're a lot slower, you know? It would make sense. We're the biggest economy in the world. So we shut down, you know, you take out all that GDP, you take out all the workers, we're eating some turkey, we're eating some stuffing. And even we're closed on Friday, one of the only days really that we're closed when the market is open. Stock market open for a half day on Friday, but really, I mean, if they didn't have the regulations, I think, that say that the stock market can't be closed for four straight days, they have to sneak in a half day open there just for, you know, price discovery to make sure that things aren't closed for too long, but very few traders in the office for Friday after Thanksgiving. That's quite a rule, huh? It should be because bad things can happen. You start closing the market for four or five days when you reopen, you know, a lot can happen at that time. You want to make it to mark, to mark, on against this new lease. Stay right there, folks. Tommy and I are coming back. We got our man, Mr. Teddy. Case that, we're going to be talking comments. He's coming right back. If you are in the CD market and looking for secure investment, the Tiger First Mortgage Program may work for you. 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That's TFNN.com and hit watch Tiger TV for the latest market information. Welcome back, folks. Now, now it's down to 19 as it's up 30 S&Ps of flat. Let's go over to my amendment, Mr. Teddie Kakes. As we do each and every Wednesday at 40 past the hour, you can reach Teddie every trading day, folks, at forex-trading-unlock.com. That's forex-trading-unlock.com. Teddie Kakes, that, happy Thanksgiving, man. Happy Thanksgiving to you guys, too. Totally. So what kind of presents are you gonna give me here today in the currency market? Well, we're looking at the US dollar yen bulls, huh? Yeah. We're looking at a new high, I think. It's pressing that 109.23 right now. Yeah. Right. So this could be a little trouble inside the gold market, folks. If this thing holds, let me see this thing. Oh, that's interesting, though. Okay, we get to 109.31. I think, yeah, 109.32 is, oh, man, look at that. It doesn't need very much to all of a sudden accelerate a rally up to that 110 area. Look at that. This is pretty wild. The benchmark number, folks, that I'm keeping my eye on is July. It's 109.32, and we hit 109.31 today, man. Just crazy when you see these things pressing, right? And it's like, how does this work? We know that technically that's what they like to do, but it's like so weird, man. We're talking large numbers, presses, presses, and yet we know it's either gonna blow it away or back down, right? Pretty wild. Well, the dollar index right now is kind of helping it out right now, I think. Yes, yes. Yeah. It keeps flirting with this resistance, and for some reason, the bulls can't, you know, they keep popping these highs, you know? I know, I know. There's no doubt, man. And, you know, we know that over the next couple days, I mean, you know, we get a half a day, but guess what, they're open in Europe and they're open in Asia, right? Right. Yeah, interesting. So what normally does happen? Does the currency market slow down like right now, too? Or, you know, is currency like, you just keeps moving, meaning? You know, and there was numbers that were coming out, like there's all the significant numbers are out for the week already. Okay. So there's really no reason to shake up anything in the EU, the UK, Japan, anywhere. Now, there is something that's gonna be, might be interesting though, is later today, you have the SNP from the UK that they're, I guess, putting out some kind of policy about their platform for election for next year. I see. For Brexit. Okay. And they're saying that there's not going to be any trade deal in 2020. They're expecting that. Wow. So they're saying that Brexit's gonna go on without a trade deal and they're gonna fight Boris and they're gonna push for it. And that's pretty much what they're gonna lay down, I guess, today. That's the news that everyone's waiting to hear. Yeah. So that's gonna, that's, yeah. I guess that the pound and the euro, that's what's gonna dictate where the dollar's going, right? I mean, that's what it really seems to come down to, you know? No doubt. So that could be the one sleeping little thing that could happen over the next couple of days. I don't know if it's really gonna shake it up, but if that makes, if that would cause the pound to rally, then I think you'd have the dollar index probably take a little dent, a little pullback and then, you know, so that also might affect the US dollar yen trade as well. And then we have the trade talks, which supposedly once again, they're saying they're going well or whatever. That's kind of fueling this US dollar yen trade. And if that all of a sudden falls apart, somehow over Thanksgiving, who knows what we get? We have to be thankful if everything's just quiet, I think, the next couple of days. I agree. Hey, let me ask you something. I know, you know, you don't trade the Brazilian Rio. I don't think you do anyway. But Tommy and I were looking at this yesterday. So, I mean, this is the weakest it's been, like when I pull this up forever, right? So what makes that happen? Is it the economy? Why is that happening? Well, it's definitely the economy. There's a lot of, I mean, the country's in so much debt to begin with. And there's just no faith in their currency there, you know, most people because of the stability. It's pretty wild, folks. I mean, I got this chart up right now and you know, you bring this thing back and let me see the, not even, it's like 4.25 right now. And yeah, you bring it back to, look at this, even 2011, it was 1.5. I mean, if you, you got reels, man, you're not gonna be traveling to other countries, man, unless you had that in dollars, right? That's quite a loss and wealth. It's a huge, huge, huge move. Yeah. Yeah. Wow. That's the kind of thing that breaks a country. That causes social unrest, that kind of thing. Yeah. Literally, it does. It's too fast. It's too much. It's way overdone. So, and it's just, it's because of economic policies and all kinds of other, there's a lot of macro things that have led to this. That's for sure. So, and how they did the two things to try and prop it up, that's just another sign that they're in a lot of trouble, I think. Well, you know, it's so intriguing and I, I stopped hunting it last night. Like, I, I buy a lot of stone and, you know, you know, it's quartzite, marble, all this folks, and Brazil has beautiful stone, man. So I'm really, I'm looking at this, I'm saying to myself, I wonder the correlation in US dollars versus their reels, you know what I mean? What comes down? And of course, there's plenty of gold mines and, and Brazil and it's like, okay, so is that correlation? I suspect that the land value probably went up as this is going down, right? Cause if it didn't, like everyone would be down in Brazil getting the commodities, right? Sure, sure. I would think that there's rampant inflation without a doubt, there has to be. Right, no, I'm with you. So that's always intriguing how that works, right? Hey, let me- It's not a fun situation. It's definitely something that hopefully stabilizes. Yeah, pretty intense, man, no doubt. But I think we're gonna see a lot of inactivity the next couple of days, like you were saying, like the markets are, when we're done, when the US is quiet, the rest of the world doesn't have a lot to do. Yeah, pretty wild, man. So except for the Euro, the Euro and US dollar right now, it's pressed and low, it's just like the US dollar yens making highs. And the US dollar Swiss is also right hanging below parity there, which I don't know the parity dance that keeps on failing. So I guess maybe that's gonna be our key to watch to see is the dollar index gonna really rally? Can the Swiss finally get above parity? And will the US dollar yen break out to the upside? Or is it gonna be a failure? Maybe we're coming into the turn again. So I think it's tough with the holiday markets to get a gauge on anything. It is, no, listen, man. And one of the biggest moves I've ever seen, now I'm going back, man, like 1996 or something, was on the Friday, this was in the equity markets. Teddy, but it wasn't the Friday. Like at that point, the markets were trading a lot lower. So maybe like the S&Ps went up 20 points, which was like insane, you know, in 96. And then they imploded the following Monday. It was like on Friday, we're all in the desk and we're just hitting buttons because it didn't matter what you bought. You were making money. But you know why? Because that's because the guys in the S&P pit was really thin. They just ran it up. Exactly. It was like, wow, this is pretty cool. There was nobody in New York. There was just guys in Chicago bidding it up. Totally. And then on Monday, boom. I mean, everybody can now, but I would never forget that day cause like we all thought we were geniuses. Well, we knew, we knew that it wasn't right, but we left there like, hey, this is pretty freaking cool, man. You know, it didn't, didn't matter, folks. I'm not kidding. It didn't matter what you bought, you know? Hey, hey, what about- Happy Thanksgiving, guys. Happy Thanksgiving. Happy Thanksgiving, Teddy. I heard it's pretty windy up there right now, right? Oh, it's a huge windstorm right now. Okay, man, listen. Always a pleasure. We look forward to speaking the next Wednesdays, Teddy. You too. Stay right there, folks. Tommy and I are coming right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. 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Get your two-week free trial to Basel's newsletter of the opening call today by visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. Let's go to our man, John and Philly. John, what's going on, brother? And happy Thanksgiving to you too, man. Absolutely. Say a real quick question as you close up, please, on First Majestic Common Stock. The stock has gone sideways now since Labor Day. Very specific question, Tom. If this rally's back up to 1150 or so, what is it that you need to see? If it does that, that tells you you've got a CDD rally going on up towards 15. I'd appreciate it. Yeah, on the daily, you know, you're going to be looking for basically five to eight million shares trying to break that level up there. And I think what we have, John, is that what happens, folks, is that this is a good stock to trade, but it's a very tough stock because it moves very fast, folks, up or down. And I suspect that the way this week we try to get to a higher high, and you can see the volume is dying on the vine, so it's like this consolidation is still here. So I suspect it's going to probably try to get, whether it's $0.30, $0.40 off of this level, meaning maybe the $10 low before it makes another surge. But I like the setup, but we know that this is a tough one, man. And I don't like buying this one closer to the highs. I like buying it at the bottom of the consolidation. You know what I'm saying? I do. Great. Thanks so much. OK, man. You have a great one and a safe one. Yeah, so we get four days, Tom. Bottom line. We sure do. We'll see. Got to love it. I know. We'll see whether they're going to rock this market. And what I do expect, we're going to see, folks, is that by the time I'm on this afternoon, you're going to be all green. Right now the dial is down, too. You got to love it, man. Definitely. Folks, you stay right there, folks. We've got a TD Ameritrade coming up next. Then our man, Mr. Basil Chapman, Steve Rhodes. And I will be back this afternoon. Tommy, have a great one, safe one. Love you, man. Love you. Talk to you a little bit later. OK. Don't get it, folks. Red! Oh!