 This is a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648. Internationally at 727-873-7618. Let's go to our man, Alan Homo-Sasa. What's going on, brother? It's, isn't it wonderful? I went ahead and invested in your Tiger dollars and I went ahead and got the gold report. Four year and also your morning, your, your call letter and stuff like that. And I got over 50% return in one day, not counting everything else. But I just want to thank you. Tom's not perfect, but he tells you how to put your stops in and keeps your losses small. You can take your small losses, but then all of a sudden you'll be like Dave Root and you'll hit a home run. I mean, a big home run. Yeah. And put the money in your pocket. Okay, brother. You're awesome, man. Thank you. Tom O'Brien. Welcome folks. We have the now industrious right now trading down 16 Nasdaqs up 65 S&Ps up eight and a half. Let's take only one of our four agreements. To master love, you have to practice love. The out of relationship is a whole mastery and the only way to reach mastery is with practice. To master a relationship is therefore about taking action, not about attaining knowledge. Market-wise folks, we have the now right now down, well, now it's flat. You get the Nasdaq up 75, S&Ps are up 11, gold, gold contract down $24.80 trading at $18.95 an ounce. We have silver down 37 cents, $22.71 an ounce, light sweet crude, bidding it up 338, 93.77, notes and bonds. Let's end your note down 15-6, trading 107, 20 to 30 here of 25 at 113.19 and Kingdoll. You just can't stop it, man. The market just higher Kingdoll, lower the market. Here we go. So you get Kingdoll up 377 ticks, 106.608, yours at 105, Yen's trading at 149 British pounds, at 121 to 1 US dollar. Let's get over to our mammoth to Teddy Kegstad. Teddy folks is going to be doing a live workshop coming right up after the show, four to five Eastern standard time. He is going to be talking about how to capitalize on time with calendar stock option spreads, four to five this afternoon. It's only $97, folks, to really get to understand how calendar spreads work inside the option market. Teddy Kegstad, how you doing, man? I'm doing well, Tom. Good to see you. You also. You also. So tell us a little bit about, yeah, you have a market for this. That's for sure. That's right. We have volatility. It's kind of funny with the S&Ps and the NASDAQ tanking. We'll be able to look at some definitely some put calendar spreads. So yeah, it's going to be, I'm interested in looking forward to the webinar. We have a lot of nice opportunities in the market that I'm going to go over. They're fresh and they've recently happened. And show all the viewers how they can incorporate calendar spreads into their option strategies. There's all kinds of options strategies out there. And there's times when calendar spreads actually give you a lot of bang for your buck, especially when you can use it when you own a stock. And if you don't own a stock, or if you're thinking about getting into a stock, there's reasons why calendar spreads sometimes are the way to go. And Teddy and folks, OK, this is what's so cool. It's all about decay, right? Yes. Yeah. And so if Teddy was a professional down on the floor, OK, anyone that's down on the floor, folks, OK, they wake up every morning and they say, OK, how much decay do I have today? Right? It's, you know, yeah, I mean, directionally, folks, OK, we know that there's no crystal ball out here. But you know what's funny to me? They're really, it's not a crystal ball. But because there's so many people that don't understand options, they don't understand decay. And the case, the heaviest part of the whole freaking deal. You're trading time. Yeah, right, right, right, yeah. Absolutely. And it gives you a really good reward to risk ratio from your decay, from the front month to the back month leg as well. So that's what you look for in any trade to begin with is you want a good reward to risk ratio. Exactly. I'll tell you a wild story. So in the run-up in the 90s, I put on a couple of options trades. I knew nothing about options, like everyone else. I had a Dell trade, and it was a call I had. And I woke up, Dell came over with their numbers, right? And Dell was up like, at that point, we were always dealing with small numbers, folks. But Dell was up like $10, right? And I said, oh my god, we're going to make so much money. It's unbelievable. Well, the bottom line is, folks, is that I broke even. Because I didn't even know what a premium was. You know what I mean? It's like, I looked at him and said, hold it. What's wrong with him, man? I was right, I paid like a buck 20 for this. It was 10 bucks out of the money. But guess what? Yeah, right. So I got to learn a lot after that, because I love the OEX. This is how we learn, right? Yeah, unfortunately, unfortunately. But guess what? You don't have to learn like this, folks, OK? Because this is the type of class that you can understand. You get a full hour to capitalize on how calendar spreads work. So what do you think about this dollar move, man? Well, you know what? It's all yield indicative right now. I mean, you can see the business site. The cycle of businesses right now is really working. You have interest rates, gold, and equities. And you can see that right now yields are driving those moves incredibly right now. And the pricing also, Tom, you got to remember, we just made recent new lows in the 30-year and the 10-year. But we're at a level where we were a year ago and we hadn't had all these rate increases. So fair value is below where we're at right now. We're getting to basically fair value. Right. So when you're pricing in, which you have explained to us and educated on this, so the yield of the country is going to have a lot to do with the currency of the country and where it's going to go, right? OK, cool. Right, wow. Yeah, pretty wild, man. Because these yields still look relentless. I mean, last week I was thinking, hey, man, I think we're topping out. And then it was like these wide price spreads, even today. It's like, this dollar, man. The next swing point is that. It's funny you say that, Tom, because Friday, the 30-year, I even had it in the Tiger Forex Support. We had a short-term counter-trend buy signal. It was negated right away on Monday, you know? So I mean, that tells you the momentum of this scenario that it really is fighting for a fair value right now. That's cool, man. I like that, because I get it. That's a lot easier to digest, right? I mean, it really is in the context of where it is. Well, listen, folks, it's very easy to get into this workshop. Come over to our website at TFNN. You're going to see it right under featured content. And Teddy Cakes that. He's going to be up at 4 to 5 this afternoon. You're going to learn a great amount. And as Tommy says in the morning, even if you don't trade options, folks, it's great to understand what the derivative is doing, because you're going to understand the equity market a lot more. I mean, if you're, you know, I was reading today, Teddy, there's a huge trade on that JP Morgan has on, but they only have it on because one of their ETFs, basically that's how it works, right? And it's intriguing because, you know, reading it, I got, I understood what they were doing. But if you don't understand options, you don't understand like, okay, how can it keep driving lower? And, you know, I mean, that's how it works. I mean, you know, that Delta neutral folks is a big deal. So. Market mechanics, right? Yep, exactly. Come over to our website, folks, at TFNN. You're going to see Teddy right under featured content. Get in that webinar, folks. Teddy, we look forward to the webinar in 45 minutes, man. Thanks, Tom. See you there. Bye, right there, folks, we'll come right back. Adding stock options to your portfolio can be a major game changer, but the full complexities of these instruments can oftentimes allude to even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27th, from 4 p.m. to 5 p.m. Eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques, and more. If that wasn't enough of a reason to attend, Teddy will also be answering all questions live. If you're serious about making money in this market, head over to the front page of TFNN.com today to sign up for Teddy's live stream. TFNN Educating Investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? 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After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, educating investors. Toll free at 1-877-927-6648, internationally at 727-873-7618. Welcome back folks to Dow. Dow investors right now trading down 36 Nasdaqs up 56, S&Ps up four. Let's go over that oil contract. So I'm gonna do the generic one. Well, no, first I'll do the current contract because what you have here is that you don't have enough volume yet, but if you do an A to B equals a C to D, you need 500 to something thousand, and we'll get 474,000 already. That being said, you're at 93.82. The A to B equals C to D is 103. So now let's go to the generic chart. Put this together. I'm bringing it back 15 years right now. Pull this here, let's see. Oh, let's do it this way. I don't have to pull it back that long. I'll pull it back 10 years. What we're looking for here folks is the swing area that this thing is nailing into. Okay, so here we go. So 98, well, even the lows of the high, see this is gonna be pretty intense, man, because the lows, not of the first high, of the second high, committed at 101. The high itself comes in at 110, no, 130, no, 110, 110. You're going right at this particular point, you're just going over one swing and you're coming up to another one. Yeah, this looks like to me, you're gonna have 103, man. That's where this is looking. Let's go to the XLE and take a look at the XLE because what does happen, this is what ends up happening also in the oil market, which is pretty wild. So to get oil, and this is what the differences between oil and other commodities actually did, you can get, they can accelerate oil out of the ground folks, okay? In about 30 to 45 days. So when you get higher prices like this, remember our man, Mr. Ed Young, you know, bottom line, the way you get lower prices is you get higher prices. You know, the higher it goes, the more that, okay, production's gonna be done and that's what brings it down. Now, when we put in the XLE up, this gets interesting because now you're coming up to like, this is the fourth high. It's pretty wild actually. That being said, it's gonna need a lot more volume. Well, see, no, it had the volume up here two weeks ago. So it was hitting high volume two weeks ago. So, and if this bust it, it's gonna be huge because what you have is that you have a base on this that goes back to January of 2022. You get a year and a half base. So if you break top side, man, the XLE, you're gonna get some big action, man. It was a year and a half base is a long time. That's the whole building cause that drives people out of their mind. That's how that works. Let's go take a look at some of the NDX stocks first. You get the serious satellites up 5%, Dex comes up four, Paychex, that Paychex. All right, we're gonna look at that. That's up 4.2. Taking away from it, PayPal's down two, Microsoft, no, Monster's down one. Let's go back to Paychex for a second. Because what ends up happening here is that you know, look at this, man. Okay, so they come up with numbers. Let's look at this. This is kind of cool to see. Okay, so gains on first quarter adjusted beats estimates. Paychex bounce balance. Let's read this here and see what this says. Okay, so Paychex rose more than 3.6%. Intraday, after a payroll and benefits company reporter adjusted earnings per share for the first quarter, beat as expected, Paychex affirmed the 2024 guidance. See slide upside from higher interest rate income. Oh, interesting. So they're like a bank also maintains in line rating. They were looking to make a dollar three. They made a dollar 14. Revenue is 1.29 billion. Estimate was 1.28. Funds held for clients, 32.7 million. Huh. Estimate was a 4.21 operating income 536 million. That's intriguing, man. Let me look at this chart again, because what does happen if we're looking for recession, you know, the last thing you're gonna see is a company like Paychex go higher. Let me see how much it's got hit prior to this though. Okay, so you're down off a high of 128, which is not bad. Let me put this on a monthly note. Unreal. Yeah, this is still strong, man. This is still saying that, you know, people are working, you know, and people are paying Paychex in order to do their payroll. You know, we use Paychex, I love it. They do everything. And, you know, that makes it a lot easier, man. And, you know, it's funny they're not that expensive. I mean, you know, I don't know if it's a couple hundred bucks a month or something like this, okay. But the bottom line is that, you know, we're talking about well worth it, whether it's direct deposit, whether, you know, you have your retirement funds that are in there, they can match them up for you, if you're employees. There's just a lot of things out there that are pretty easy. And it's probably more than that, I'm probably paying, but it's not a huge amount. When you don't have to worry about, you know, the filings, it's a big deal. Let's go to syntax. Let's see, because syntax, now this was getting hit last week and we'll come back to that one, but the bottom line is that, you know, these clues for how long are these rates gonna be high are a big deal. And the real question is, is that are they going higher? Are they flattening out? Or coming back? When you read the deal about these commercial loans that are out there, it's pretty wild because most commercial loans folks are predicated on the Fed funds rate. And what has happened is that the Fed funds rate, of course, has gone from zero, you know, to 4.5 right now. So you have huge companies that were paying basically, you know, 3%, now they're paying almost 7%, but they're paying it on billions of dollars. In fact, the story this morning, yeah, PetStyle.com is, okay, so that's still in business. So this company here, the amount of interest that they're paying is astronomical. Look at this, this chart's one way, no wonder why, it's, yeah, I mean, they were way over the head in debt. You know, when things were good that, you know, 3%, that's one thing. Now the interest rate structure's taken all the cash flow. Stay right there, folks, we're coming right back. We have the Dow Industries down at 12, NASDAQ up at 63, S&P's up at 7.5, we're coming right back. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability, 30 days risk-free today. TFNN, educating investors. 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Adding stock options to your portfolio can be a major game changer, but the full complexities of these instruments can oftentimes allude even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27th, from 4.00 p.m. to 5.00 p.m. Eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques, and more. If that wasn't enough of a reason to attend, Teddy will also be answering all questions live. If you're serious about making money in this market, head over to the front page of TFNN.com today to sign up for Teddy's live stream. TFNN, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. The Dow industry's down 32 NASs, except 48 S&Ps down four. Let's go to Amazon. So you got the FTC. They're staying busy these days, folks, so there's no doubt about that. Well, they're bringing all the big platforms and that's the bottom line. And Amazon's case, let's see, they're suing it over their marketplace. So we'll see where this whole thing goes, but they've already lost the first couple cases going after some folks, so we'll see how this whole thing shakes out. And evidently, the chair right now, that's how she actually made her name, meaning of three or four years ago, as the Amazon having a monopoly. And it's gonna be interesting, because it's, I can see what she's talking about. There's no doubt about that, but I think where the pushback is gonna be, it's like, okay, do we want to pay more for stuff that we buy? That's what it really comes down to. And the convenience aspect. I'm not quite sure that's gonna shake out, but it seems to me that what has happened here, is that the companies themselves have got so much larger than most of these regulatory bodies that, yeah, it's gonna be pretty tough for them to bring them to heel. That's what it comes down to. If we look at Amazon, you're gonna see, just made a nice run off this low of 80 bucks here, 126. You're pulling back with life volume. The thing is they're all set to go to higher price. I mean, you take a look at their numbers. Number wise out here, you're talking 141 billion. Look, just look at this, man. They did 70 billion, which is a lot, 2019, right? 141 billion this year. And bringing 58 cents to the bottom of mind. Well, that's for a quarter, not this year. 569 billion. It's just amazing. And what is amazing, of course, is that they keep adding on services. All these big companies definitely keep adding on services, which now the whole big deal is gonna be the AI. In Amazon's case, the AWS is a huge deal. They get in delivery right away is a huge deal. And I guess you're making pennies, but you're making pennies on billions of dollars. What is gonna be interesting is this. This is gonna be the next case. So the way that, if you remember the, what happens is that if you're a bank or a broker dealer, folks, okay, what happens is that they have strict compliance that every type of communication that gets done between anyone and everyone inside of those banks or those broker dealers, supposed to be able to be traceable so that if something comes down for a client, the SEC, NASDAQ, New York Stock Exchange could all basically get a traceable deal. And what ends up happening is that when you are actually, you wanna be part of that club, you are saying that you will adhere to that deal. Now, we know that the amount of fines that all these big banks have already got, they didn't adhere to the deal, they paid a couple hundred million a piece, didn't say they're guilty, but here's a couple hundred million, we'll move on. Well, what happened yesterday is that now they're gonna go after hedge funds. And it's gonna be really interesting because Ken Griffin, okay, who flat out does more trades than his firm does more trades than anyone in the world. You know, flat out says, hey, man, I'm gonna fight you on this thing because we're not a bank, we're not a, you know, they probably are a broker deal, though. Yeah, it says something. Anyway, he's gonna fight them in court. So this is gonna get really intriguing as to, you know, what subsidiary are they actually going after? And we'll see how it's going. They're all using WhatsApp. That's the real bottom line, using WhatsApp. So, you know, the thing that's wild is that you know that everyone can get everything, if in fact, you're gonna end up in court. And if you have enough money to get it. That's the, it's two different things. It's, you know, the government doesn't need the money to get it, they get it. Whoever they're going after absolutely needs high-end lawyers, time and money in order to basically get what they need information-wise, you know. So, you know, the next, the next deal, which is also happening as I bring this hedge fund deal up. So this gets pretty wild actually. So you get the high-frequency traders, right? And when this first started off, picture when it first started off it was just the so's being that's, then it went to the deal about having the pipe right beside the offices. Meaning, these hedge funds start putting their main servers right beside the New York Stock Exchange, the NASDAQ, as well as the options stock exchange in Chicago. Then it went from there to putting underground cables in across the ocean, just to shave off one-tenth of one-second, okay? Well, here's the new deal. The new deal is that the, and what has happened is that they have an organization and all the high-frequency traders to get together. The new deal is that they want to be able to use the bandwidth of all the ham operators, you know, because right now what ends up happening, the ham operators have their own band. They're small bands, but what they are, they're very efficient because that's where the national communications are and the whole ball of arcs. Well, this is going through right now and it looks to me like they're gonna get it. And what that's going to do, so check out what that's gonna do. What that's gonna do is that's gonna shave off another one-tenth of one-second. Now, picture what happens here, though. At one-tenth of one-second, you and I as a human being, you can't get a lot done. As a computer? Oh, my God. The amount of trades you can pull off with one-tenth of one-second, meaning that if you know trades going off in Chicago and you're in LA or you're in Singapore, it doesn't matter where it is, one-tenth of one-second means you're either gonna make money or not make money. It's that dramatic. And that's the game that is out there. It has been out there for quite some time. It's collecting that data and then doing that by the aspect here, large. So if we take a look at this, you're gonna see yesterday, you did 898 million in the NYSE, and then if we go to the NASDAQ, you did 4.7 billion. Well, Ken Griffin runs, I forget what the number is, man, but I mean, it's like 40% of the trades. So just add up 4 billion, add up, let's say we did 4.8 billion yesterday, just cut that in half, 2.4 billion times two pennies. That's how they make it hundreds of billions of dollars. Wow. Our phone number is 877-927-6648. We have the dial. No investors right now down at 57, NASDAQ's up 37, SAP's up 1, stay right there folks, come right back. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com, TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. 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Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all tigers and tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks, I'm down. Down investors right now, down 114. Nasdaq up eight S&Ps down eight and a half. You've had some nice volatility out here, man. So check this out inside the S&Ps today. We started the day out, we were up about 17. Yeah, you got a high at 4336. You got a low of 4277. So what do we get there? 36, 46, 56, 62, 62 S&P points. And it almost gets back to the high and then just gives it up again. So let's go back to that syntax for a second. Thanks, Peter, for putting that in there for me. I appreciate it in the Tiger's Den. So we look at syntax. What you're gonna see now, that came down with heavy volume yesterday. But when you still look at this on a weekly basis or a monthly basis, it's still pretty high, man. You know, let's actually put this on a monthly. Yeah, I mean, this is the type of deals that like, okay, still up there pretty good. Now, what does happen is this. Now, see, I remember this in 1989, a big way folks, okay? So what happened in 89, it goes like this. The stock market crashed in October of 87, right? What happened, it took all the way to 1989. It took exactly a year and a half for the recession and in particular real estate to get hit in a monster way. And it got hit, it got hit in Boston, Dallas, Anchorage, Southern California, where else? Probably New York, probably Miami. I forget these other places, but I'm familiar with Boston, of course, because I lived in Boston. I had offices up in Anchorage, Alaska, because I think that's when oil, I remember reading the paper one morning out here in Anchorage and it was like $10.21 a barrel. It was like, I think it was $6.61 actually and it stayed at $10.21 for a long period of time. And in Anchorage, what was happening is that you could buy just about any, in Anchorage mostly there are single-family houses but there's huge amounts of condo apartments that really look like two-stories and they almost look like hotels and they have one and two bedrooms. That's kind of just how they built out Anchorage at that particular time. And there were 10,000 bucks a piece. I remember it so well, because I was like, okay. So it was so intriguing, because when this rate cycle was starting, I remember saying to Besved many times, I said, you know what, man, and it started last March, so we are exactly a year and a half right now from March. And it's like all these things take much longer than you realize in order to hit. You know, and I was talking about yesterday the aspect of the amount of money that is in banks right now is that the, that 80% of the United States has less money in the bank right now than they did prior to the pandemic. So all that money is spent. And I can see the aspect of also, you know, even three months ago in the job market, what you had is that it was still very tight. Now the numbers are still very tight in the job market, but I'm watching it. People are getting fired, okay, which wasn't happening before. Okay, I mean, I'm giving you something that's just the local deal, okay. But the bottom line is that there, you know, in Florida right now, they're not worried about people not having enough people right now. You know, the restaurants, well, no, the thing I'm just giving you, you know, I saw it in a restaurant. They just moved out a whole bunch of people because there's so many more people that are coming down to Florida. Now the group is bigger. That's the bottom line, which we didn't have. We didn't have that at all. So that gets really intriguing in the context of how inflation's gonna hit, you know, or, you know, one of the other, my take is we're on the other side of that, but all of those things get intriguing. Now, to go back to the year and a half, it's like, okay, are the rates gonna stay at this level until something does break? And if something breaks, what it's going to be, it's gonna be those regional banks again. It's gonna be the regional banks, or it's gonna be one of those big lenders to the commercial office space. You know, when you read about the aspect of how many large companies that we hear about, that, you know, on the way up, you always, I mean, this company, Banyan, Banyan is huge, man. They've already given back four sets of keys for four sky high, you know, 15 story buildings, right? This is happening under the radar in a monster way. And now it's in the office space, there's no doubt. But watch what happens here. When it happens in the office space, well, guess what? All those workers that are in that space, meaning that works for those funds and all that, they can't go out and they can't be, they're not spending like they were spending. And that's how this whole thing gets chipped down little by little by little. You know, I would say that what we still haven't heard about that is just as bad as the 2008 is the office space. Is the, you know, they're trying to hide that as much as they can, meaning, you know, we're never gonna need that much space. In St. Pete, now we got really lucky because we never had a lot of office space. It was actually detrimental to St. Petersburg, Florida because of the fact, you know, office space equals jobs, right? So what has happened is that just the opposite has happened because we have beautiful high rises that are gorgeous. You have singles that are gorgeous and just the opposite has actually happened. And even when you compare that with Tampa, Tampa only has a 11% vacancy rate right now. But that's climbing, that's climbing. So St. Pete's been very lucky that they didn't have the office space that was available because that, you know, guess what? We're not gonna be using as much office space as we have in the past and there's no reason to because everything's digital. If you can work digitally, which you can do even faster, you know, I get the context of climbing up the ladder, meeting in person. I love meeting in person. I mean, I get that, trust me. I think that's 10 times better than everything else. But on a bigger basis, you know, bottom line, you don't need that much office space. Let's take a look at the Dow Industries and what's moving some of these stocks inside the Dow. So you get the oil stocks and you get Caterpill, I get, you get Chevron putting 19 positive points, Caterpill putting 19, Intel putting four, taking away from it. Nothing big, man. McDonald's minus 25, minus 18 rather, minus 28. You got Procter Gamble minus 15, Goldman minus 10. There's not a big number there, you know. And you can see why the fluctuation inside of the SMPs, inside the NASDAQ, inside of the composite, that's why they're fluctuating so fast back and forth. If we go take a look at the volumes out here today, where are we at? We're gonna go, you're at 517 inside the NYSE, and right now we're at 4.2 in the composite. Stay right there folks, come right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. 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Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks to Dow. Dow investors right now, Dow's $69. You get the NASDAQ up 20 S&Ps off 2.5. Let's go take a look at some of these automobile stocks. You get that GM still basically flat at the bottom. You get Ford. Ford's a little bit higher. And then good old Tesla. Tesla's don't have to worry about strikes. CSLA. Yeah, that rejected lower price today at $234. Pull this back a bit. Well, he's still going to consolidation happening here. He's out on from that $400 level there, too faulty. But the other two, we'll see how long this is going to go on. But it looks like what you do have is that this coming this Friday, they're going to pull out a couple more plants to shut down and we'll see how that shakes out. Because it's very smart how they're doing this this time, meaning that you just go after where the parts come out of that are crucial in certain vehicles, well, in most vehicles, and have to finish the vehicle off. And so that's how those strikes are coming down. And we'll just see how that thing plays out. This is definitely the amount of... Let me just look at this quickly. Because in the journal, even in the journal, which is, of course, conservative, they were talking about the aspect of the disconnect between what the CEOs and the executives were getting and pay versus the workers. So you get... Come on, come on up here. Okay, so you get Mary Barra. Well, non-cash, 12 million. Cash, 8 million. Yeah, she's at 20. Have a great one, folks. Have a safe one. Come back and visit Tommy tomorrow morning, 9 o'clock. Thank you.