 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 Eddie and Bookarton. Hey, Eddie, what's going on? Hey, Tom, how are you, man? I'm doing great, man, yourself? Good, good. It is a treasure to have TFNN every hour during the trading day to be there, to help you to guide you, and even to give you some peace of mind or like that somebody else is there with you while you're trading this crazy market, either up or down. Well, listen, we appreciate you growling problem with us out here, because we wouldn't be out here, folks, if we didn't have all you guys, gals, tigers and tigers as clients. And the market teaches you every single day, man. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien at TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever you focus on, grows up, everyone's having a great day, safe day. It's a TGIF, folks. Shot week this week. You're going to love four-day weeks, man. I'm digging those, man. Be impeccable with your word. Replace fear with love. This is a great card, man. The human mind is like a fertile ground with seeds that continue to be implanted. When you're impeccable with your word, your mind is no longer fertile ground for the words that come from fear. Your mind is only fertile for the words that come from love. Mug it wise! Let's take a look at it out here. We have the Dow Industrial Trading up 80, NASDAQ up 26, S&Ps up 10, gold contract up a buck, $17.40 an ounce. You get silver up four cents, $19.23 an ounce. Platinum up 19 bucks. Trading at a price point of $8.84. You get oil up two bucks at $104.90. Notes and bonds, a 10-year note. Down 19 ticks, trading $1.1721, and a 30-year off of a point and a half at $136.29, and $king dollar. King dollar down 134 ticks, trading at $106.995. Euros 101 yen is at $136, and a British pound is at $120 to one US dollar. iPhone numbers 877-927-6648. Give us a call, folks. Want to know what's going on in your world, and the world of the S&Ps? Let's take a look at them. What do you have? Well, the way this is looking, folks, you're gonna get a bounce up. It looks to me like we're gonna get a bounce up to the higher swing point. So we're going after the swing point that was established out here on the 28th. And that's at the 28th of June. That swing on the S&P is 393.16. Now, we haven't hit it, and that's a good thing if you're bullish in the market, folks, because you're not gonna have enough juice this week. But the way this is trading right now, particularly at the NDX, I'll get into this in a second, and make a long story short, bottom line, I expect you're gonna go after that. I expect number one. Let me just look at these futures for a second. So we take a look at the futures, the S&P futures. And I'm just looking at these because I won't just get an idea if this thing's gonna stick coming into the close. So we take a look at this. They got us, yeah, well, yeah, this is good. This is good. So we take a look at these S&Ps. This is what you have. Now watch this, this is pretty cool, actually. Yeah, this is good. This is actually gonna, what you don't want it to do is test the swing today. That's the bottom line. If you're a bull, you do not wanna test that swing today. The way it was looking at me, the futures are only up five and a half right now, but if they stay up five and a half, even to 10, 10 and a half, that's gonna be fine. You don't want it to take these eyes out. That's the real bottom line. We go into the three cues. What do you have with the three cues? Same type of setup. The cues are stronger. The bottom line, the weaker in the way down, the stronger in the way up again. What do you have with the cues? You know, the swing point on the cues, a 296, 57, 296 dollars and 57 cents. You need 54 million shares. Now you can see what's happening here. We're gonna get, now this is, this would be the ultimate setup, folks. You don't want it to get to the 296, oh, it already did. Okay, that's all right. And so the reason it's all right is that we're going into 54 million. We're gonna do more than 54 million. We're gonna do like 68, 70 million. And if it lays just right there, that's good. That's saying that the cues will actually get up to this next swing, which is up there at the 303. And right now you're at 295. We go into the gold contract. We take a look at gold. Gold bottom line still needs some action, okay? Right now gold is trading up a buck 10. No big deal. What we did do is we rejected 1726 this morning. And right now you're at 1740. And what this is all about, this is how this shakes out, man. This is all about the dollar. You can really start trading off the dollar, folks. That's the real bottom line, because what's happened is that the market cannot stand a strong dollar. That's the bottom line. You can see what happened this morning. The futures were down. You could only smell it out because it was just kind of like, okay, man. You know, this dollar got to 107, 786. Soon as that started backing up, the bottom line at S&P rejected lower price and starts going higher. And we just might have, you know, the dollar taking a break for a bit. And if the dollar takes a break and does like, you know, move lower, the bottom line is that you will see the market move higher. And, you know, it doesn't negate the ABC structure down. What it does do is give just enough juice to get everyone going. That's my take on this deal. We take a look at the bond market. Just continues to want lower price, higher yield. You know, we had the jobs number come out this morning with a strong jobs number. That's gonna basically, you know, give Paul running room to basically keep banging his interest rate structure out fast and furious. Your next Fed meeting is on the 27th of July. It's a two-day meeting, 27th. They'll come out with the, you know, the meet. Yeah, the 27th, they come out with the statement to two o'clock. Bottom line, I expect what you're gonna see here is that they get, you know, do another 0.75 up. And what we do have next Thursday, I believe, is gonna be the CPI. The CPI is gonna be the number. So in the jobs number this morning, what you had, you had the participation rate go down, which in fact brings the jobs number higher, simultaneously. The participation rate, of course, is that what that is is that that's the aspect of how many people actually want a job. Once you're out of the workforce for a certain amount of time, you're dropped off and that's how the participation rate actually goes down. And, you know, we'll see where that shakes out, but percentage-wise, we're not even close to where we're gonna be in the long term. Let's go take a look at some of the higher volume equities out here today and see what's moving this market around. You had advanced micro, that's up 21 cents. Ford's up three cents, no big deal. Amazon's down 53, Tesla's up 21 bucks. That's the big mover out there. Coinbase is up $3, who knows why that is up $3. That's like insane, but bottom line is it's up three bucks. We're gonna take a look at inside the Dow industrials, the strength versus the weakness inside the Dow industrials and point-wise what you have out here, we have United Health, I think is gonna be the big one. Yeah, United Health is putting 50 positive points, AMGEN 13, American Express 12. Taken away from it, Goldman, minus nine, Salesforce minus eight, Microsoft minus seven. Stay right there, folks, we're coming right back. Our phone number's 877-927-6648. Come right back, folks. Time of glooming inflation, we are purchasing powers eroded, there's no better place to protect your harder and money-thinning gold. This is the gold's flagship asset, is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. This is the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. 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Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. Best of the Huey, Tom O'Brien. We do appreciate you growling in problem with us out here. We have the Dow Industries right now up 58. NASDAQ's up 21. S&Ps are up seven. Ambassador, we're gonna go to our man Frank from Gloucester and you haven't seen Gloucester yet but Gloucester is one of my favorite places in the world. Not just in the United States. Where is this in Massachusetts? It's in Massachusetts. I used to sail by it when we used to go from South Boston up to Marblehead and I always wanted to know what those cliffs were. Yeah. Yeah. Frank, what's going on? Hey, how are you, Tommy? This geologist can tell you all about those cliffs. I, you know, it's so cool, man. Like just when I said the best fit, I remember that these folks, the first time that I sailed up there, I was probably, you know, I wasn't sailing myself. Sailing, someone, I was a crew for someone. But I remember looking over and it's just a beautiful picture, man. And you know, what happens is sailing that coast folks, you know, the coast of Massachusetts is pretty flat, really, do you know what I mean? Then all of a sudden it goes, yeah, coming all the way up, just like a scholar. Oh, it's beautiful. Gloucester, Gloucester Harbor is a fjord. Is it? Yeah, it's a fjord. It's a glacially cut valley out into the ocean. That would make sense. Now I see it because what happens, you kind of get too, you kind of get so close to it because there's big boulders out there too, which is pretty cool, man. Yeah, that'll, that'll love it. But that said, I can't find anything to invest in. I'm ready to buy potatoes. Well, listen, you can't go wrong with potatoes, man. And he, he's not even Irish. No, no, he's, he's my, he's my favorite Italian. That's the way we said it, my Italian family too. So, you know, that was just a Boston thing. Yeah, no, I know, I know. So the GDX, right? Can you give me a Fibonacci lesson on this because, you know, it looks like it started out with a swing high in mid-April at about 41, and it came pretty much straight down, although it did a little ABC there, the 29 and change in mid-May. Then it popped up at the beginning of June to about 33. And it started to come down. It did not break the B point. The May, mid-May swing low with volume. Right. But it went back up above it and then kept coming down. So that, that kind of creates a complex ABC. Is that right? Should the, should the deep original direction still hold? No, I'm with you. Let me see. So 30, 36. No, it never broke it, right? I got it. But here, let's do this. Frank, I think you're, I know you're onto something. So picture folks, okay? In the gold report right now, I don't own one gold stock, okay? Which is very unusual. But I can tell you, when I saw the GDX coming up, I'm buying tomorrow. I've already, I actually bought today. Really? Yeah, I think this thing's ready, man. As you look on a weekly chart and you're in no man's land there. Well, where you're at, this is where you're at. You're at the, you're at the hot head. Let me put, you gotta put the actual contract up. So if I put the generic contract up, what you're gonna see, I'm putting the generic gold contract up. Because the GDX, that's what it's based on, right? And we'll put this back. And there's no doubt that it's scary because the bottom line is that you can see what has happened here. We got down two on the generic to 1741. But watch this, the last low was, well that one there is 1721. The low before that is 1692. The low that you see, you see what I'm doing, Frank? So it's like, that's telling me that, you know what man, this is still gonna be a higher low. And it's been brutal, there's no doubt about that. And I think it's based on the aspect of this dollar. I think this dollar's gonna pull back, man. So, you know, I'm gonna give it a go and we'll see where it shakes out, man. But yeah, I think it's a pretty good setup. It's what you said though. I mean, what happens here folks is this. Like if you just look at the GDX, we pulled this back and let's put that on the same three-year weekly. This is where this is dangerous, but you can also see, see how that, we didn't hit the highs of the low yet. That'd be 25, 50. But then if I put this, watch, you know, you're in this area and see how there's like no sellers, man. So. Yeah, and there's a pretty, pretty big consolidation pre-COVID low. There is. Now there is. There's many months. There is, man. Back into 2019. You're right. You're right. I mean, it would have been really sweet if it got down to this, you know, the 25 area, okay? You know, because that would be the high. 25, 50 would have been the high of the actual low on a weekly, on a monthly, we're dealing with a different number to actually dug into that bar. Because the top of that bar was 29.96. But guess what? If you reject that bar, that's saying that, you know, you're wide open to go right back top side. And what we do have in the gold market folks is this. Top side, what we have is that we have volume at that last swing point. I gave it up, but you know, the equity wise, there's some good volume there. You know what I'm saying? At those highs. In. Well, yeah, I'll show you. If you look at Angola Shanti, right? AU. Yeah. This is, you know, bottom line is you can see that the high that was generated out here, you know, at the end of April, March, 26.96, you got some good volume, got smoked all the way down to the price point of 14. You're at 14.96. We put this on a weekly and you can see that, okay, this is, you know, it basically got under this last swing with light volume. That last swing was 14.57. Now we're going to reject it this week because we're going to close over 14.57. So that'll be a good start, you know. So, and you can see this on a weekly, on the weekly, this took out the other swing point. A lot of these did. You know, this swing here had 28 million. That swing had 22. So that's telling me that, you know, this might be over, meaning, you know, you might get something going here. And listen, we know it's going to be about the dollar. You know, if the dollar, you know, backs down a little. And when I'm looking, you heard me at the beginning, Frank, when I'm looking at the market, it says, you know what, man, this looks to me like it wants to go a little bit higher. So that combination is saying to me that that's where I think it's going to go. So. Okay. Cookin' brother. Cool, thanks. Have a great one, man. Have a safe one. So you think the dollar's going to go lower? A little. Yeah, why is that? It's just, it's been, yeah. So if we put it up, it's been on a run that's expected, the problem that I would have, I would have, okay, on the bear side, meaning on the bad side, is that the only swing left is 121. That being said though, you know, yesterday it's not, it's not in a stall. So, you know, it could basically pull back to a swing of 105 and still not be done going up. Normally, doll currency's trend, and this is really trended, it might be just taking a break. I mean, because if we go back to January, the dollar was only at 95. So you might have to- So I gotta go buy some- You might have to get some euros. Well, we'll see, I mean, but you might, you really might. One of the tigers was saying, there's no doubt, you know, what would change the dynamic is that, you know, the market would think that the Europeans are gonna go up on their rates. You can see, the euro rejected that 101 today. No, it rejected PAH, 100, rejected PAH today. That's a good time for a bounce. Stay right there folks, best of night, come right back. If you wanna take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metals sector, as well as the markets that move gold, which is the currency and bond markets. News subscribers get a 30 day money back guarantee, so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. 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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. Welcome back, folks of Dow. Dow investors right now up 42 in Aztecs, up 13 S&Ps, they're up six. So, tell me what's happening in the real estate market this week. This week, well, you remember the Tex-Tex issue with a highly motivated seller? Yes. Make an offer. Right. Any offer. I know. Yeah. That's just like, we haven't seen that in at least two, three years, right? Even two and a half years ago. Right, right. This was like back in the day. Yes, exactly. When you couldn't sell anything. I think that's where we are now. Right. Where people are like desperate. Right. So, picture this, this morning, folks, best thing that I talk almost every morning when I'm driving in, okay? So, I call them this morning and because we've done the whole cycle now, do you know what I mean? And what I mean by the whole cycle is that at the beginning, we're trying to move product and it's so hard to move product and we'd be putting mailers out and open houses and postcards and, I mean, we know this city upside down, literally every doorknob. And that's after you sent me that, I says, okay, so the cycle's starting again. So, what happens, folks, is that it doesn't mean you can't move product. It just means that you have to really understand the product number one and how you may be able to get someone's attention and bottom line, they can decide what price they want to come in at but that's what you have to do. So, we haven't had that in such a long time. It's pretty wild, man. Yeah. And it actually is not that long. Cause when it accelerated, remember, it only accelerated like the last year, year and a half. Yeah, year and a half. Yeah. And so, it just really took off and then, but it's funny to start seeing that and I just make an offering. No, no, it is. All offers welcome, you know. It is. We used to see that all the time. So, and I think right now, what's happening too is a lot of buyers and realtors are scared to go below asking price. Right. Because they're just being used to for the past two years, basically going over ask. Exactly. So, going over ask was like not even a question. Right. You can't even think about it. So, right now they're just scared. Right. And it's like, you know, it's been on the market three, four weeks, just make an offer. You know, whatever you think it's worth. Exactly. Because when you do the stats, folks, okay, and this is, well, this is the stats in Pinellas County. I don't know what the stats are because, so in Pinellas County, what's still happening is this. If you're in Pinellas County and just like Bessford said, if a house is on the market more than three weeks, it's stale. Yeah. Because the take is, I saw the June numbers, the, all the numbers, the take was still 11 days. Yeah. Which is pretty wild, okay? Yeah. But what has happened was, I think it was yesterday, the day before, that was the first time that I saw that the price decreases. So every day what happens, folks, is this on the MLS, which you get, you get the amount of new houses out. Well, we look at the amount of new houses, the price decreases and pennings, right? This is the first week that I saw that the price decreases was double the amount of new listings. Yeah. I think it was on Wednesday. Yeah, probably, yeah, one of those days, yeah. And that was pretty intense, you know? So, and, you know, what we had, you know what's gonna be interesting here, folks, is this, the real estate market at the beginning of this is almost just like the stock market when it goes down and takes a bounce. Yeah. Because I remember at the Gulf War, I was moving a house out and I was so lucky because what had happened, the housing had started going down. But when the Gulf War came in, all of a sudden for three months, housing went up and it went up a lot. Wow. And then it dropped out, period. Well, you know, this is what's kind of happening right now because two, before two weeks ago, so, you know, late May, early June, there was no action. Right. And now we're starting to see a little bit of pickup on that, but it's still not as much action as it's supposed to be. No, no, it's not. But, and what that is, folks, is that the, you know, I was talking about a little about this yesterday and what has happened is that the mortgage rates did pull back to average about 5.25 yesterday. Yeah. So that sounds pretty good now, which is not, okay? But the bottom line, it sounds good. Compared to, yeah, 6.5. And then, you know, we're moving some product out for another build-up. And what's intriguing is that you'll start seeing this too, you'll start seeing builders paying down mortgages. Yeah. Or paying down to get a mortgage. Yeah. And this pickup bill, he's willing to pay 20 grand per 600. Yeah. Which is really a smart way to do it. And it's great for the client, too. There's no doubt. Oh, yeah. Monthly payment goes. Right. It goes down dramatically. Right. It's not bad at 4%, you know, interest rates. No, it's not. Yeah. It's not. Yeah, we'll see. And with that one, the one we were bringing up here, so the one we were just bringing up, it wasn't on a 30 year, it was on a 20 year. What you're gonna see, this is what you're also gonna see. As they're gonna see the different variables inside, you know, a 15, 20, or a 30. Yeah. So, the dramatic part will be that if it's a 15 or 20, you'd be surprised how much the interest rate and that structure can actually go down, too. Yeah. You know what I mean? So. It's pretty crazy to see the difference between a 15 and a 30 year. Isn't it? No, there's no doubt about that. And so, what also happens, and this is what's really cool, if we take a rocket mortgage, right? Yeah. So, what happens, folks, watch this. I want to just show you something. Tommy was bringing this up on a show. This is about as good as it gets. That's why, this is why that, that, that rocks. Okay, so, rocket mortgage, right? Dan, and this is why this guy's one of the richest guys in the world here, let me see this. Management, where is he? Where's Dan? I thought, hold on. I think you hit the wrong rocket. Oh, did I? Okay, okay, one second, hold on. There we go, rocket mortgage, okay, but where is the? So, which one would that be? I get to pull up. The corporation, maybe? The first one? No, I get to pull up rocket companies. So, weird. Thank you, Duffy, RKT, what was it? There we go, RKT, RKT. When you see this, folks, okay, you're gonna crack up. So, okay, here we go. So, you got rocket mortgage right now. It's traded at $8.63. And, okay, so that guy even, I don't know, he's on this. So, the guy that started this is in there. But, I want to show you something, watch this. This is how, you know, and this is what Tommy was talking about, what he was talking about was the aspect of rocket mortgage was a private company, okay? Now, you can see, and look at this, this is crazy. In 2020, it did 15.7 billion in business, okay? 2021, 12 billion. This year, they plan on doing 7 billion. Wow. Now, watch this, watch this though, this gets better. So, I'll go back here for a second and I'm gonna show you how we issue info. Here it is right here. So, you can see that he went public August 5th of 2020 at $18. So, what that means is that at the peak of the market, what, Dan Gilbert, thanks man, thanks Tommy, is that the peak of the market, right? He decides to let the public in. Well, whenever they let the public in, it's over. Yeah. Okay, because he didn't need the money. So, he sold his shares at 18, it's trading eight now. Wow. I know, isn't that wild? These guys made a killing out of it. And that's the essence, okay, of basically how markets move, you know, pretty wild. You know what's interesting, folks, is that there's an article yesterday about, there's a private equity firm, Atlanta something, and I'm familiar, I gotta know the lost name, but they're thinking, this is one of the biggest private equity firms in the world, and they're thinking of going IPO. And as soon as I saw that, I says, you know what, these deals are gonna dry up for a long period of time now. That's the bottom line, you know? Because as soon as they wanna go IPO, you know, your private company, oh, let's take everyone else's money. Stay right there, folks, that's when I come right back. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a seven million ounce gold reserve. 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Welcome back folks of Dow. Dow Industries right now trading up 940, get the NASDAQ up nine, S&Ps are up two. So let's go take a look at a couple of builders cause you know, we were looking, if we take a look at Lina folks, okay? This is gonna get interesting best of it cause what happened in 2005, six, seven, right? Was it, the builders were falling apart folks, right? Then the Fed balked and what ends up happening is they balked meaning went down rates again, the acceleration went higher. So I've been watching these builders made it and when you look at Lina here, so watch. You can see when I made a low there at 62, right? That low was established out here in June 17. And you can see, you know, this is to me it's a small ABC up, okay? You know, so we just went from that 62 to 78 and the real question is gonna bounce more. Now let me show you cause what's always so cool folks is that, you know, physically being in the business and you know, digitally being in the business meaning trading is pretty cool. So you can see what we did here. We got down to that, you know, you came straight down from 112, 117 straight down to 62. So I mean, it was quite a hit. You know, you're talking about 50%, right? It's 50% retracement. Now you can see the volume down there, 20 million and you're going into 29 million because what you're doing, you're going into the downdraft. So now the question that we have, I watched this, now I'm gonna bring you back and I'm gonna bring this back all the way back folks for the last, you know, cause we've been going up in the markets and in real everything. We've been going up and everything since 2008. So here it is right here, I believe. So they topped out in 2005. Yeah, here it is right here. So 2005, you're at a price point of 66. We go down to 38 in 2006. Now watch this, you go from 38 and you do that one more pop to 56, 20 more bucks. And then it's over. So I'm watching this for the same type of deal, man. Yeah, I was gonna say. Isn't that crazy? No, I'm telling you, man. And what that is, you know, the bottom line is that if you remember the last hurrah and the last hurrah was pretty intense in 2007 and eight and the unfortunate part about it folks was all about fraud then. Yeah. It was about every person in the world, you know, owning 10 houses. It was like. Yeah, it was crazy. You know, I was just looking at some numbers in the Tampa Bay and LaNar sold a billion dollars. Just in Tampa Bay. Right, no, I know. They're huge in Florida. There's no doubt. It's crazy. I bought a house off LaNar a long time ago. Nice house too. Yeah. How long have they been in business? Forever. Yeah, let me see. I'll tell you how long they've been in issue information. They went public in 1993. Oh, okay. Yeah. What Toll Brothers, I believe because I was bringing these back. What's Toll Brothers info? Because I was actually looking. Yeah, so Toll Brothers, watch this one folks because what I was doing also is this. This is 1986. What I had done and I have done bisected and dissected. I was bisected and dissected in the pullback in 89 because that's where I think we're gonna be in the real estate market. So what happened folks in 89, because I gotta bring it back further, is that the stock market crashed and guess it was 89. 89, oh my God, it won't even, 89 is a lot further than I think. When were you born? 88. You were born in 88? Yeah. I love it. Okay, so let's see. Yeah, you can't see it as much. That's 91. Yeah, you can't. So here it is. This is my point. So 87, what happened is that the stock market crashed in 87 folks, right? Now the stock market came right back and it didn't hit the real estate market for about nine months later because people had lost so much money because they got out, whatever, do you know what I'm saying? But you can see Toll Brothers went from $4.12 and then it laid out at 71 cents and down to 56 cents, then it started coming back in 1991. Was it $1.81? But that was a severe downdraft. That, you know, I mean, there's plenty of people that weren't around, but there's plenty of people that were around also at that point. And that's kind of, you know, we'll find out, that's where I think we're at. That's where I think... Yeah, we'll find out if they keep building or not. Well, what we do have this time, and this is what's pretty cool folks, not only just for the real estate market, for the stock market, is this. Demographically, you have, I'm a baby boomer. The baby boomer started about six years ahead of me and they're about 10 years down. Tommy would be the next large chunk. He's actually one year above it. But he's the... And so that chunk, folks that are from 40 to your age, actually a couple years younger, are actually bigger than the baby boomers. So what happens is this, and this is where supply and demand is really cool, is that you're at the beginning of the prime making money. So isn't Tommy, that's how it works, okay? It also works that you're gonna buy a house. You're gonna start a family. You're gonna... So that is, and of course, because of technology folks and medical technology, people are living long. So that, more people mean more demand. So that's the one, not the one deal, but that's a deal that can keep things, not as disastrous, let's put it that way. Yeah, so demand's gonna be high for a while, huh? Demand's gonna be high for a while because on the other side of it, you've had less places built, too. We know that. The amount of places that are built have gone down dramatically. And they're not gonna pop up in a second because what does happen is that, like, let's say like in this town right here, right? What we have in this town folks is this. So picture, you have monster builders, right? That can build the high rises, right? You have people that can build the singles. You don't have that middle ground. Like, there's probably, but we don't know yet. We know I'm gonna build one. There's not a lot of people that can build eight to 10 units at a time. Yeah, we haven't seen it yet. No, we haven't seen it. You know, it happens in, and that's the middle space, and that's what you need. Yeah, we need more of that here. Right, you know what I mean? You know what I mean? More density here. Right, and so, you know, and it's in what happens there is that it gets the, you know, the risk level goes up a bit. Yeah. You know what I mean? Because all of a sudden, now you're doing a project instead of a project cost to me 500 grand, 600 grand, it's costing me three to four million. Yeah. Right? Now, the other side of that is cool, you know, because what is still happening here is that I wouldn't have to sell these. I could still rent them and they'd cash flow in a monster way because the rents are so high. So what does happen is that the rent structure itself is helping it out because it's had to be me to figure out how can someone give you a $15,000 deposit and why don't they buy a house, right? But that's what happens, folks, okay? And that's at 5,000 a month for like 1,900 feet. Yeah. Yeah, I think these rents are gonna, they're so high right now. They should get soft. Yeah, because then, you know, where are our investment properties worth? A lot. Yeah. No, that's what it seems like. Stay right there, folks. Bess and I are coming right back. We have the Dow Industrial's flat. Dow 12 actually, Nasdaq's up 13. 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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. Then hit Watch Tiger TV. Welcome back, folks, down. Down in Six Nasdaq is up 15 S&Ps are flat. Let's go take a look at the spy once again. It doesn't change the context, folks. When we're talking about the upfront end of this, that you didn't want, if you're a bull, you didn't want this to go out to that swing point. And it's not going anywhere when you're going to have the volume. So you've done 59 million so far. You did 64 yesterday. The swing on the spy is 86. I suspect Monday, Tuesday, you're going to go after it. And the lead dog is still the Qs. So what you have with the Qs out here is that the Qs, bottom line, you're up 6, 63 cents. Yesterday we did 56 million, or 53, and the swing point here is only 54. So I suspect what we're going to see is the Qs want to get up into this 314, which, you know, it'll be pretty easy to do. Now, would you have to remember next week is that, let me just see what date this is. The CPI comes out. And the real question is CPI. Yeah, I'm not sure what date it is. I think it comes out Thursday. Good. Because that's the one you're going to watch, folks. As Tommy was talking about this morning, if you come up with a print of a 9% CPI, that is saying that inflation is still raging at 9%. Okay? The Fed, you know, the most, to me, the most important thing that the Fed said in the Fed minutes this week, folks, was that Powell said that they are not going to stop until inflation is down to 2%. I can't even imagine 2%. Can you? Yeah, that's crazy. I literally can't even imagine it. What do you think the interest rates are going to be at if that happened? I think the Fed fund rate would probably not be at 5%. It would be at almost 9% and 9.5% or 10% on mortgage rates. Yeah. And I think that's real. Yeah. Or they decide to give it up, give up the ghost and say, okay, we're going to make a break. But if they make a break, then you're going to see the inflation really kick in. Yeah. This amendment, yeah. Sounds like Yugoslavia back in the day. Oh, my God. Seriously, I love it. I love it. I was talking to a friend. He was saying, you know, you leave the house with 1,000 dinars. Yeah. By the time you come back, you know, it's only worth like 5,000. Wow. And folks, thanks, Peter. CPI is on Wednesday. Folks, have a great weekend, safe weekend. Come back and visit Tommy Monday morning, 9 o'clock. Great show. Yeah, look at him, folks.