 Hey everyone victory victory victory. Hey, how you doing everyone Russell Moore with dedicated to financial literacy. Welcome to the channel I'm trying to put out more content daily. Actually. I'm trying to if I have time, you know I got a little four-year-old. He's running around here somewhere So if you see him bust in don't hate don't hate. I'm gonna let him just join in with us Okay, I'm trying to teach him about stocks even at his age Welcome to the channel. Please hit the subscribe button at the bell if you want to continue to hear content coming out of this channel I just want to let everybody know I love you. I care about you and the reason why I put this channel on really was for my friends I wanted something where my friends could come and because of COVID we couldn't all get together So I decided hey, you know why not just some YouTube's and then I started getting comments from people that I don't know saying Hey, you ought to do this channel on a regular basis. So that's where I met. We'll see where it goes, okay? I want to briefly talk about the the S&P or the the market Today today is Wednesday the 30th of September. I'm sorry Thursday the 30th of September and The the the Dow will start with the Dow the Dow was down about what 400 569 points 500 points Wow NASDAQ down 63 points S&P 500 down 51 points All you could see was a sea of red Blood red you guys blood red and like I said before my previous segment as I said before out you guys The sell-off is here The sell-off is here And if you look at what's going on with our government and the fight that the the left and the right are having over this three trillion dollar infrastructure package I And you know and with these two Democrats, you know Joe Manchin it made some very good points I don't know if you've read what he has said I think everybody in this country should read what he said and Basically what he said and in a nutshell he said look this can't be about politics can't be about whether you're Democrat or Republican We got to do what's right for the country and And then he began to lay out some really good points. I'm not gonna go into all of that That's not what kind of that's not what kind of channel. This is alright. So anyway That's where we are as far as the market. So I want to encourage everybody number one buy on the dip Buy on the dip number one buy on the dip Buy on the dip, but you got to find out when the dip is you don't want to go in too early if you go Into early and the market keeps going down. Well All right, wait for confirmations if you're those that are strategic technical analysts type of investors and traders Wait for your confirmations Make sure you're looking at the RSI the MACD make sure that you're checking these companies out Really thoroughly and checking out. Where is the support? Where's resistance? What kind of trends do are you seeing but let me tell you something all that's out the window when we're in a bear market I mean, it's just going down. That's the trend down. All right. So be patient during this time number two Don't panic. Don't be afraid and don't panic. I Said don't be afraid and don't panic no matter what the market does you cannot let your emotions run you rule you and You cannot allow fear to run you and during this time be extremely patient For those that can hey sell off something make sure you have cash ready so you can pick up some stocks on the discount. All right Number three a Lot of people are going to be giving you suggestions about stocks. This is not the time to just listen to people without research That's my number three. Don't just listen to people. I Love MSNBC. That's a lot of shows. I like you. Hey, Melissa. I love you. Okay. I got you. I see you All right, Jim Kramer. See you and I will I will look at the news But you have to do your own research gang What do I say all the time I say this all the time on my channel, this is what I say if you don't learn you will not earn I'll say it again. If you do not learn you will not earn if you do not read you will not lead The fearful will be tearful All right, so hang in there Stay to the state to the plow stay to the plow and the last thing I want to say I Really believe as the market continues to go down this pressure The bears are putting pressure on right now. They're like people are panicking people are are scared Hey, I believe interest rates are gonna be going up soon Some people said hey 2023. I remember people saying that 2023 I'm like, no I Said the end of 2021 or the beginning Somewhere in the first quarter of 2022. We're gonna see interest rates go up I was looking at home home owners rates today. They're already at 3% They've been lingering in two between 2.2 and 2.8 for a while. They actually have crossed the threshold of 3% They actually was 3.69 today When I was looking at rate sheets I'm telling you guys there's something going on And let's not talk about inflation I know that I know the Fed wants to tell you that inflation is at 5.4. I believe it's at the 7% range I'm not going by the cpi data. I am not going by that Go to the market Gas is up food is up Everything is up Toilet paper is up detergent is up two paces up You go to a restaurant. It's up. You go to fast food. It's up. Everything is up cars are up automobiles are up use cars are up Everything is up you guys So what happened inflation? What's the hedge against inflation? Gold Go get you some gold I'm telling you now get gold and silver as well I'm not going to talk about crypto. I do have some But crypto is so volatile And with china saying they they're banning it the banning crypto basically That's going to affect the world They're going to be the number one market and they're going to be a number one economy in about five years If they're saying no to crypto I think it'll survive. I just Get something that's solid and not so less volatile another thing health care and energy sectors Health care and energy sectors. I'm not going to give you stocks. I don't do that. That's my disclaimer My disclaimer, I do not tell you what stocks to get you got to do your own research If you don't if you don't learn you won't earn Forgive me for my rap, but thank you guys so much. I want to let you know Love you hang in there the sell-off is here, but you have the victory. Have a great day