Thursday Apr. 10, 2025
40:05 Share

He's been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He's the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He's president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.

And welcome to the Thursday Ricochet version of the Best Stocks Now show with professional money manager Bill Gunderson.

And I'm here with Barry Kite, our chartered financial analyst. And it looks like the short sellers are back today. But I say good luck. You know, the only thing worse than being wrong is to double down when you're wrong. And there's a lot of them that like to do that, too. The Dow is down 800 today after yesterday's historic 2962 point gain. It's down 2%.

The NASDAQ is down 600 today after yesterday's historic gain of, I think, 10%, 12%. The NASDAQ was up yesterday. It's down 3.5% today, 16,521. Like I said, I think the short sellers are back at it trying to drive the market down. The S&P is down 141, or 2.6% today. We had a successful auction in the bond market yesterday.

And we had some soft CPI numbers come out today. And that means interest rates are down, the 10-year down, nine basis points after a big jump yesterday. And last I looked, well, gold's having a good day. Gold's hitting a new all-time high today, 3,145. I think you can say gold likes volatility, so gold's a good investment right now. And Bitcoin is also having a good day, up 3,956.

So welcome to today's Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I'm here with Barry Kydar, chartered financial analyst. And Barry, things in the southeast come to pretty much a standstill Thursday, Friday, Saturday, and Sunday as a big event takes place. It takes place once a year.

I can't believe it. I mean, the sports bars are all full and nobody's out on the streets during the Masters Golf Tournament, which is, what is Augusta, two hours from us about that?

Yeah, about three, depending on traffic around Columbia. But, yeah, it's not too far. Just down the road when it comes to something as big as an event as the Masters is. I've been sent out notices from the Masters organizing people for the last several years. Would you like to rent out your house? We've got a group of people coming in from Iowa, you know, that would like to.

to visit the Masters, and we need housing. I guess there's a high price to pay, anything within two or three hours of the Masters tournament. I don't imagine you're going to get a hotel there tonight in Augusta. I was in Augusta not too long ago during hurricane season. We went there and did a little cleanup work.

It is a beautiful area. And notice the azaleas when you're watching the Masters Tournament. They are really beautiful this time of year. Okay, we had, let's see, I'm going to get the time that it all happened yesterday. I recorded that. It was about 1.28, I want to say, Eastern Standard Time when the announcement came from the White House.

that they were going to pause all the tariffs, most of them. I haven't seen the list. 90-day pause on most reciprocal tariffs, except for China. That came out at 1.28 p.m. yesterday. That absolutely killed the short sellers, man. You know, the SOX, which is three times inverse the semiconductors, that thing was down 52.8% yesterday, so...

There was a lot of chaos and havoc in the market, and by the time it was all over with, the Dow was up 2,963. The NASDAQ was up 1,857, and the S&P 500 was up 474.

And that's internally why we haven't – well, we've been talking about not using, right, in this particular instance, not using inverse ETFs because you could have one announcement away from the market soaring. And it was –

Just amazing to see yesterday. It's hard for me to imagine the Trump-Besson team allowing the market to crash on their watch. They're just not going to let that happen. And Trump's got some big bazookas there that he can fire anytime he wants, and one of them is that he can't do anything with the Fed.

They remain fiercely independent, but Besson is the Treasury Secretary. He carries a little bit of clout. Not only that, he knows the games that are played by these short sellers and the hedge funds because he played the game himself for many, many, many, many, many, many years.

And I think he pulled a fast one on the bond vigilantes yesterday, too, that were trying to drive our interest rates up and smash our bond market. You know, there's nothing worse in my book than the short sellers, the chronic short sellers that are just constantly trying to batter down the markets. They haven't done too well since 2009. Most of them are out of business now.

the Jim Chanos of the world and the other well-known short sellers over time. But they're still around, you know, the Heisenbergs and whatever else. There's lots of them still around. And they love to the, you know, who else wiped them out? Not just Besant, but the guys down at Reddit. The Reddit crowd, yeah. The Reddit crowd with GameStop put several short sellers out of business. Yeah.

Okay, the relative strength of the Dow goes from 61 to 71. That's the scale of 1 to 99 in one day. The Dow Jones Industrial Average Forward P.E. goes from 17.2 to 18.5. It went up 1.3 in one day.

The forward PE of the S&P 500 went from 18.28 yesterday to 19.73 by the end of the day. That's the biggest jump in the forward PE I've ever seen in one day. And the NASDAQ started the day with a forward PE ratio of 21.9.

And it jumped to 24.1, kind of where it was before a lot of this all started. Now, the short sellers are back at it today, which doesn't surprise me at all. They're going to continue to attack the market every chance they get. And I'm sure China, you know, is in kind of a tough spot right now because they're a little bit isolated from the world today.

China even tried to recruit Australia to go along with their war against us by big reciprocal tariffs, and Australia didn't go along with it. They said no to China. So China kind of stands alone. I'm sure Iran's with China. I'm sure Russia is with China. I'm sure North Korea is with China.

But Europe has now paused their reciprocal tariffs. And I've got to say that Bessent, I think this plan had been hatched. Bessent, in that interview that I urged everybody to watch with Bessent last Thursday with Tucker Carlson, he said, I'm warning China not to retaliate. And they rewarded all the countries that did not retaliate. He made a big point of that.

And, you know, even it was the day before yesterday where he said China made a big mistake by retaliating against the U.S. And he made good on that promise yesterday or that warning yesterday by, you know, not giving them a 90-day warning.

you know, respite from the tariffs. So anyways, the NASDAQ... And actually raised it, right? Actually raised it a little more. It's over 100 right now, and Amazon is in a quandary right now because I've seen numbers anywhere from 40 to 70 percent of the junk they sell on Amazon comes from China. And you've got to remember how Amazon works. When I published my book...

Amazon bought a bunch of books, took a bunch of books into inventory, right? And they do that with these Chinese sellers. They take a lot of that into inventory so they have it in their warehouses. So they're taking on some risk. And I saw yesterday that they paused all buying of Chinese goods. Pulled the plug on. China's going to feel that because Amazon is China's supermarket, really.

And Amazon doesn't want the risk, right? Yeah. No, it actually hurts the way the contracts are. A lot of those contracts, it's essentially easier for Amazon to walk away, and it hurts the manufacturer more in this situation. Yeah, exactly. So, you know, nobody wants to get left holding the inventory.

Okay, the NASDAQ composite, that was the second best day in its history. I don't remember a better one. I guess if there was a bigger one. Oh, I see it. Okay, 14.2. I can't think of a 12% win. I mean, I'm trying to think in my lifetime, especially on the upside. I can't remember a double digit. Well, you've got to go back to January 3, 2001. You were in preschool at that time. I was in the business at that time.

That was some kind of false rally because that was January 3, 2001, and the NASDAQ got creamed after that. Well, I hear the music already. You mean the first quarter is gone already? We've got so much to cover today. We'll be right back. We'll be right back.

Oh, what's going on? What are you feeling? Now that I've caught my last

And welcome back here to the second quarter of today's Best Stocks Now show. You know, just looking at the market, I ask myself, why would you go in and sell the market after yesterday? It just reinforces what I feel in my gut is that it's the short sellers that just keep attacking the market. They're attacking the market. They want to destroy, I mean, the globalists, the...

They want to destroy the Trump plan. They want to destroy America. That's the way I feel. Well, you've got some folks taking gains, too. Why would you sell today? You've got probably some folks that made some quick money yesterday. Yeah, quick money. Particularly on the algorithm side, right? That, you know, you had a 10% move, right? And they're trimming, you know, taking some quick gains on them. You know, program trading. But, yeah, I mean, you certainly have a sentiment where, right, you've got, you know, there's...

factions that don't want anything planned for them. About half the world? I mean, in the country, in the U.S., it's about 50-50. I mean, Trump won by a couple million or whatever. But I think as you go out into the world, and of course, a lot of them own U.S. stocks. They have sovereign wealth funds and all kinds of stuff.

And they do not like Trump. They don't like America. And the short selling continues, in my opinion. Tesla was up 23% yesterday. I'm sure it's down 6% or whatever today. But that just shows you the kind of volatility there.

that we saw the top 10 gainers, I'm going to say, were the most heavily shorted stocks. It stands out to me. Microchip technology has been heavily shorted. It was up 27.1 yesterday. And MicroStrategy, which is the company that's built its entire business plan on Bitcoin, it was up 24.8. It's been heavily shorted.

Arm Holdings, which is the UK semiconductor company, it was up 24.2%. It's been heavily shorted. AMD has been heavily, heavily shorted. It was up 23.8% yesterday. Tesla has been heavily shorted with cars burning on the lots and bricks crashing through the windows. Tesla was up 22.7% yesterday.

Marvell technology was up 21.8% yesterday. So that just shows you how much short interest was in the market because the biggest gains came from the stocks that had the biggest short interest. And, you know, if you don't believe that these short sellers, they're a vicious crowd. They really are. And they're out to get the market. Okay, a U.S.-built iPhone. Here comes the...

Another one weighing in. Hey, the price keeps going down on a U.S.-built iPhone. B of A said it would add 90% more. You know, Wedbush on Tuesday said it would triple the cost to $3,500. 90% more would put it up around $2,000, I guess. That's what B of A says over at Merrill Lynch. I have not heard anything from Apple yet about plans for

to bring back production to America. But Apple's stock has not done very well here recently, and they have a big conundrum to work out. Apple was down 3.2. It didn't get a pop yesterday either, by the way. Oh, it did. Yes, it did. Well, I mean, it didn't get a 20% pop in Nvidia. Maybe not the 24%, but it was up 12 or 13, somewhere in that neighborhood.

But that Chinese overhang is really giving, that's the headwind, right? Yeah, it's a major headwind. Because, look, China did not get, they didn't take the tariffs off of China, and that's where Apple makes most of their phones right now. UBS, which is another big hater, said,

They warn that the market rally may be premature. They urge caution and selling into strength. And I'm sure that's what Kramer's telling everybody to do. You know, that guy's been wrong so many times I've lost count. But anyways, UBS says... And I've seen articles on Seeking Alpha saying it was a dead cat bounce. Barry, a dead cat bounce. I mean...

The theory is you drop a cat off of a 10-story building and he barely bounces, right? Yeah, double digits is a pretty strong move. I mean, no matter what side you're on, you've got to admit, 12% is pretty. A dead cat bounce? Yeah. You know, I'm just going to tell you, most of Seeking Alpha's articles are written by amateurs. I would say 80% to 90% are just people. Anybody can write an article. You have to somehow pass some kind of test. Yeah.

At least a racquetball, right? At least give me a racquetball. I mean, we had a 20% drop, and then you add back 10%, right? So it's about the equivalent of probably 8.5% in terms of where you ended to begin with. So it's a pretty significant move. Well, London up 4.2% overnight. Germany up 5.3%. France up 5.1%. Of course, they got a total break.

a pause, and they also responded with, okay, we're not going to do our reciprocal tariffs on America. The Asian stocks were up 9%, but not so much China. I mean, it was Japan and South Korea that did the best. Japan was up 9% yesterday.

And I think South Korea was up about the same. China was not up as much, however. It was only up 1.4% as they were left out on the rally because they're still holding the short end of the stick right now with the 120% tariff. And all of a sudden, you know, I would just think that Amazon saying we're not going to buy from Chinese buyers right now.

Isn't that a huge deal? Isn't that huge? How much of those container ships coming into our port are carrying goods that are going to be sold on Amazon? Well, you've got idle factories. And you've got idle factories, and unfortunately in a

society like that, right? Idle hands are not usually ideal for the people in charge. No, they start organizing things. Right, so you want to get them making something, and so that's where the tug of war is going to be between

them on trade. I think the dynamic coming up is going to be really interesting, kind of that go-forward narrative over the next 90 days, right? And we can probably talk about that over the next 90 days, but also with earnings backdrop in the middle of it, right? So it's going to be an interesting... Yeah, you're in that phase where China has to swallow their pride, and that's not an easy thing for people, human beings, to do. China's

China is scrambling. Their top leaders are discussing additional economic stimulus on Thursday. In my book, there is no economic stimulus that they could come up with, other than printing a bunch of money and go to war there, to overcome the loss of Amazon. I've got to believe that that is their biggest customer. Who is bigger than Amazon?

The name itself, Amazon, and Amazon, Chinese sellers on Amazon, mole price hikes or U.S. exit entirely. What happens if those sellers in China exit and leave Amazon? Well, they may not have a choice because Amazon has stopped buying from them and putting stuff into inventory.

So I think if you're a regular client of Amazon, which I am, I'm a regular client of Amazon. I don't have time to go out in the evening and go shopping and whatnot for something small that I need. I buy a lot of things on Amazon. But, man, you're going to see some big changes in Amazon here in the coming days unless there's a deal. China is the elephant in the room right now. When we come back, we'll talk CPI and initial jobless claims. How's our job market doing?

This is Bill Gunderson. Thank you for tuning in to today's Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can.

To get two free weeks of my newsletter, go to GundersenCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show. Instigator, because there's something we've got to get to.

And welcome back here to the second quarter, second half already of the Best Stocks Now show. Okay, CPI, inflation, that's good news. Comes in cooler than expected. Consumer price index was actually down 0.1%. I can't remember the last time we saw a negative number.

So that's good news. Another reason to not be selling into the rally that we had yesterday. Number two is the initial jobless claims. Not bad, 223,000. We still have, obviously, the government workers. They've been impacting some of those initial jobless claims. But 223,000.

is a pretty good number in those initial jobless lives. Both of them are, yeah, and both are great from an economic standpoint. The funny thing is you hardly hear anything about it, right, today after yesterday's gain. And, of course, the tariff talk, right, it's lost in the shuffle. Even though we've been focused on it, how razor focused have we been on that for, you know,

Two years almost right now. But today it's like, oh, CPI comes in lower. We'll see what happens. Shipper Maersk Bellwether for Global Trade. That is a big shipping company. It's a Danish company, AMKBYG. We see them all the time here. We see their ships all the time coming under our bridge and hoping they're not going to hit it while I'm on it. The Shipper Maersk Bellwether jumps 10% on Trump's tariff pause.

And Trump signs order to boost U.S. shipbuilding. He was telling a funny story to the Dodgers about he used to go to the games with Steinbrenner, owner of the Yankees, and that was Steinbrenner's business was shipbuilding.

And he said by the end of the game, sitting next to Steinbrenner, he'd be worn out. I don't know. Steinbrenner was a character. Billy Martin, he would fire him every year at the end of the year and rehire him before the new season opened. I guess he was even more dramatic than Trump is. I was talking to somebody last night. She said, I just can't take this back and forth anymore. I said, well...

You don't really have a choice. Get used to it. But Trump is signing an order to boost U.S. shipbuilding. I've seen some statistics of how many ships that China has built, mostly on the goods they sell through Amazon, that's made China pretty wealthy. And they've built a lot, including some pretty nasty-looking military ships.

But Trump is tapping the Musk team for efficiency overhaul amongst shipbuilding. And he wants to counter China's dominance of the seas right now. And he's going to audit shipbuilding plans. He's also looking to overhaul the procurement process at the Pentagon. And I see a lot of these defense contractors stepping forward and saying, we'll lower our price, don't worry, we'll lower our price.

because they're in the crosshairs for sure. Investor sentiment continues to stay bearish. Well, okay. These are people that don't look forward. They look at what's happening currently. And yes, I did publish an article the day before yesterday. Even the broken clock is right twice a day, Barry. But this could be the fourth call I've made on a bottom. We'll see. Only time will tell.

And we did, I did three pretty large buys right before the announcement yesterday. So that was a good thing, too. Besant's message to the world, do not retaliate and you will be rewarded. Well, he, they rewarded the countries that did not retaliate, which I'm thinking now was the plan all along, maybe.

They announced a 90-day pause on reciprocal payments. See who would show their cards, right? Yep, show us your cards. And China instead retaliated. And Europe was getting ready to retaliate.

But they held off just long enough. Now, it begs the question, and I think it's a fair question to ask, has this whole trade war been about China all along? Well, you could say that, but, you know, I was really shocked when I saw how much countries like Pakistan and Vietnam and Cambodia and South Korea and other countries have been charging us in the way of tariffs.

So I think, yes, I do think China's the elephant in the room, but I think they wanted to send a message to everybody saying, you know, look, if you're going to charge us, of course, Europe's been charging us 20%. If you're going to charge us, we're going to turn around and charge you. It's only fair. And the initial run was just, hey, we're going to charge you one half of what you're charging us.

Well, Bill Ackman, who's another one that seems to be wrong most of the time, China is isolated after Trump's tariff pause, Bill Ackman says. And I do agree with that. I think they are isolated. I don't see how China can go it alone when you're a manufacturing economy. You have to have buyers. And we are their biggest buyer by far.

while other trading partners of the U.S. are lining up, apparently 75 companies. That was another thing that I thought about is the logistics of negotiating with 75 countries all at the same time. The pause, I think, had to happen in order for them to say, okay. It's like when we used to go to the ice cream store, Baskin and Robbins, there in Burbank, California. You had to take a number.

And they will call your number. We're ready to negotiate with you. I'll have a Jamocha almond fudge with some baseball nut on top of that. That was my two flavors.

And my mother was a big Jamocha almond fudge fan too. I guess the lobby waiting room looks like the Olympics. Otherwise, people are jumping the line and stepping in front of you. Hey, dude, I'm up next. My rocky road is next, not you, pal. Well, I think that's kind of what they had to do here. Take a number, get in line.

And now they've got 75 people. They've got 75 requests. I would sort them out by the size of the trade deficit that we have. You're first, okay? Let's go with you first. You've got a $90 billion trade deficit with us. What are we going to do about that? And, of course, Australia did not join hands with China when China tried to invite them in to retaliate against the U.S.,

The White House steps back from potential export curbs on NVIDIA's H20 chips. That was the big news yesterday, too. Yeah, that's the highest-powered chip that we allow China to buy from NVIDIA, and that is a powerful chip. It's not obviously the big butt-whatever-I-can't-remember-what-their-latest-is of high-powered chips, but

But NVIDIA was up big today. The Blackwell, yeah. Blackwell. You're getting a sell-off in NVIDIA today, but nothing close to what it gained yesterday. I still say that in today's world, I'll put up Jensen Wang against any tech CEO out there. I think he's eating their lunch for the most part. U.S. Postal Service aims to raise stamp prices to 78 cents.

Does anybody get anything from the U.S.? Some things from Amazon I get, and I've got to drive down to the box to pick it up. I would rather have it delivered to my front door. But the Postal Service, I think they could charge $1.78, and they'd still be losing money. And just behind the times when it comes to other shipping services.

Let's see what else we got here. We've got Google reiterates 75 billion dollars spending plan for data centers amid tariff woes.

And I saw that Taiwan Semiconductor. Microsoft did the opposite. Yeah, they did the opposite. But they might have gotten way out ahead of themselves trying to secure it. They also secured that big energy contract with not Con Edison but Constellation Energy trying to get ahead of it. Taiwan Semiconductor sales top estimates on surging AI demand.

So there's two witnesses there that the AI demand is still pretty heavy out there. And I also saw an upgrade of Constellation Energy today, which we don't own. We sold it a while back, but I would definitely reevaluate that thing. It's

I think it's probably less than where we sold it at. I'm not sure. I haven't looked at it lately. My only thing with this, the whole nuclear thing, is it takes so long. That's my biggest problem. And Trump right now is willing to fill in the gap with coal. But Constellation Energy is not 100% reliant on nuclear. And the nuclear stocks did have a huge day yesterday. Nano...

SMR and Oklo all had big days yesterday. But they are out there in the future. That's the one thing that has kind of chilled my appetite for those stocks right now. Okay, we'll be right back. We'll take a look at what's going on underneath the surface of the market. You've got to go, you've got to go. Do what you want to do with it.

And looking back here to the final segment of today's Best Stocks Now show. Well, I have 723 charts to look at here today before I leave for the dentist. So I'm going through them pretty fast here this morning, Barry, and I've seen a couple that stand out like a sore thumb so far. The gold stocks, holy cow. I mean, gold is hitting a new all-time high today.

Hey, it was just recently that it crossed over $3,000 an ounce for the first time in history. Now it's at $3,150. I can't even believe it. That's just unbelievable. Well, if you're a gold mining stock and that's the product that you sell, that's going to have a nice impact on your earnings, your bottom line, when the price of your product goes up due to nothing you've done, just world conditions, etc.,

Agnico Eagle would be a perfect example. AEM, that's a solid chart there on AEM. And the insurance stocks are making a big move. They even got kind of caught up in the selling, even though they've been the leading sector in the market here recently. I see a nice move in Gallagher, AJG today. I haven't looked at any other insurance stocks, but those are a couple of charts that stand out to me.

right now now we're going to take a look underneath the market and the best place to do that to begin with is the s&p 500 and let's just see the chip stocks are selling off today that doesn't surprise me uh let's see well here's here's your your your number number two stock right now in the uh

In the S&P by return today is Newmont Mining up 4.1% today, and that's a breakout in Newmont Mining. The gold stocks look really, really good here right now. The medical stocks also look pretty good right now. I'm seeing Dexcom is up 5.2%. Dexcom, though, is not the growth engine that it once was. That was one of our biggest winners of all time, Dexcom.

And, of course, you know, you can't keep growing at 80%, 90%, 100% per year. Eventually mathematics catches up with you. Competition catches up with you. But that stock is up 4.9% today. UnitedHealthcare is up 3% today. The healthcare stocks, I think there was some kind of change made to Medicare Part B stocks.

by RFK Jr. allocating more money towards that. No, they're not cutting your Medicare. They're allocating more money to the insurers for that. And a lot of the health care stocks have really taken off on that news. I've got my eye on a few. Humana is up 1.4% today. Costco is doing well.

You know, Costco does sell. I know I've bought before their little package of Spanish cheese, right? Manchego.

Those three cheeses that they produce in Spain, which are pretty good, obviously. Okay, there's not going to be... Manchego is my... Yeah, that's the one I run to. I like the old Manchego on that one. And then you've got the Goudas from the Dutch Goudas. You've got the French Brise, etc. So that's going to help Costco.

Yes, they do sell some imported goods at Costco. And as of now, no tariffs. Costco is having a really good day. It's up $21 per share today. Walmart, too. That three-pack of prosciutto and capicola, that's a good one. That's a good one, too. Oh, yeah. Chakootery, man.

That's a big thing. That was never a big thing. Now it's become a big thing. I walk into the supermarket, they've got a whole charcuterie display now with all these charcuterie things. Yes, prosciutto comes from Spain, from Iberian pigs.

And I was at, well, Barry, you were there. We had our company dinner, one of them, at Anson's downtown, which is one of the finest southern restaurants you're ever going to eat at.

And I ordered a tomahawk pork chop. And I go, where did they get these pork chops from? I asked the waiter. He said, they're Siberian. No, he's Liberian. Liberian. Yeah, Liberian. I said, what? They can't be getting pigs from Liberia. No, it's not. He was wrong. Because I read about it.

Somebody in Georgia imported Iberian. That's the Spanish peninsula. From Spain, right. So it's the same pigs that produce the prosciutto. They imported them to Georgia, and they're getting these tomahawk pork chops off of them. They must be weird-looking pigs. I don't know. I'm going to have to go over there and visit someday.

what they look like, but that was the best pork chop I ever ate in my entire life. I think I'm going to go back to Anson's downtown Charleston right next door to the horse carriages, right? Yeah, that's right. You can smell the horse manure from the dining room. Not quite, but that is one of the finest, the best restaurants in Charleston, bar none.

and get an Iberian pork chop. How did we get off on that? Oh, charcuterie. Okay, now let's take a look at the losers. The losers are going to be the big winners from yesterday. That's just the way it goes. Okay, the oil stock's not doing too well today. And the heavily shorted stocks that went way up yesterday, for instance, Warner Brothers has been heavily shorted. And yesterday...

with the announcement, the first stocks, I mean, they're going to cover their shorts. That's just the way it goes. Now Warner's back down. The shorts are right back at it again. It's down 11.3% today. Microchip, which is also a heavily, heavily shorted stock, was one of the biggest winners yesterday. Well, guess what? They're right back at it again, picking on poor Microchip. It's down 11%.

Kohl's, which a lot of people, including myself, question their viability going forward. Kohl's was a big winner yesterday. It's down 10.9%. So I think my theory of the short sellers being very active in these moves in the market, trying to bring it down,

That's what they're trying to do. They're trying to profit off of turmoil, number one. There's plenty of that. And number two, they're trying to destroy the current administration. They're not real happy. They don't like him. They don't like the guy or anybody associated with him. And the war goes on between the short sellers and the investors in the market.

And just the naysayers in the market, the doomsayers, the people that listen to the Kramers of the world and other people that have been wrong most of the time. And the airlines are doing poorly today. All right. What will the rest of the day bring? It could bring almost anything. I would expect to see continued selling and continued profit-taking, short-term profits.

But I think the short sellers have been sent a major warning. Be careful shorting these markets. If you'd like to get a four-week trial, I just sent out a buy during the radio show. Go to GundersenCapital.com. If you'd like to talk to us.

about serious money management. GundersonCapital.com 855-611-BEST 855-611-BEST