on in the world. Ron, how are you, my friend?  Good. I got some fun stuff for today. Some more  

bad product designs for everybody to chuckle  at. Here we go again. I had to take out one.  

I had to take out one because It was  a little too non Disney and I didn’t  

want to get more people upset than I  have in the past, but they are fun.

We should probably just do a separate show of  that. What am I going to do? We’ll save that for a  

late night edition, the adult swim version. Yeah.  We’re having a cocktail while we’re doing it.  

Sense of things, adult swim. Oh God. All right. So  you want to kick us off here? Yeah, let’s dive in.

I saw this and I had to look at this twice. So  [00:01:00] I don’t know if this is like a verb  

and they’re trying to encourage people to use the  razors in a bad way or this is just the name of  

the company or the brand. I’m, not really sure do  it And by the way, there’s five in case you’re not  

successful the first time yeah Just in case they  dull while you’re doing it while you’re doing it.

We have five. Oh, okay. I got  you All right. So that’s the  

razor blade. Yahoo then You I was never a  Harry Potter person, but I’m telling you,  

would you buy this for your kid? That’s the  creepiest looking thing I’ve ever seen. What  

the hell is it supposed to be? I think it’s  like a car, like it’s moving on the broomstick.

Yeah I get that, but I’m like,  why is he blue? I don’t know,  

but I think the eyes were bugging me out more  than anything else. I’m with you. That’s the  

creepiest looking thing I’ve ever seen. Yeah.  I’m not sure how many of these were sold,  

but yeah, I’m thinking it’s probably  not a big one. Hey, I like this.

Do you go to a sporting event? [00:02:00]  You don’t feel like holding your pizza. It’s  

a pizza pouch, folks. You bring your  pizza with you to the event and it’s,  

it’s like jewelry. Listen, I think Jeff  Foxworthy would have a field day with  

this. If you think you’re a redneck  or whatever, it might be a redneck.

If you have a pizza pouch, I’m thinking. So now  the only thing is, the pizza pouch, I think is an,  

is a an extra accessory to the the hat that’s got  the two beers in it that you drink out of, right?  

I get it. I’m thinking, what if you got a whole  pie? It’ll look like a wall clock on your chest.

Let’s get the big thing coming up  with this crap. But then again,  

look at the name of the brand. Stupid  idiotic. So I like this saying,  

I think people come up with this stuff  because Ron Popiel didn’t come up with  

it. Yeah. And of course, you’ve got the paper  thing in there that’s got stupid idiotic on  

it, [00:03:00] but to make sure that, That  the person wearing this is stupid, idiotic.

It’s still emblazoned across the top there.  Maybe it’s a Halloween gag thing. Who knows? I,  

wow. All right. And then if  you got a little more serious,  

so we’ve done this before at the CNN business  and fear and greed index. And I wasn’t going  

to do this. And then I started really  looking at some of the numbers and didn’t  

make any sense because We’ve been in the  fear level for the last couple of weeks.

You can see where we are. The  previous close, a week ago,  

a month ago, we were greed. Now all of  a sudden we’re in fear. I fear, yeah,  

this is the eek G that’s going on, but this is  interesting. We are within 2% of all time highs,  

but stock strength is at extreme  fear. Stock breath is at a fear level.

So if we’re 2% from all time highs. Why  is there fear and extreme fear? Yeah,  

and then just going into a couple more  things [00:04:00] this makes sense,  

I guess Stock price strength is that extreme fear  that you know, I guess that makes sense if we’re  

at a 39 fear Stock price breadth is we’re at a  fear level safe haven demand is that extreme fear?

And of course if all those are fearful Then at  the junk bond level, people are putting money  

into there because they’re getting eight, nine, 10  plus percent yield on it as a way of saying if I  

go into a fund couple, get, delinquent, who cares?  I’m still getting my eight, nine, 10 percent sure.

The money has been pumping into that over the  last 30 days. What are your thoughts on this?  

Cause we have, it’s confusing to me, interestingly  enough. It’s actually. I haven’t looked at that  

index, but the trading strategy that I have is  actually, we’re almost 25 percent in portfolios  

in junk and it’s, it’s been that way for the  last probably two and a half, three months.

And [00:05:00] we’ve done extremely well. We were  in junk early last fall and then we got out of it.  

Cause it was I thought it was a little pricey.  But it just keeps being the place to be at this  

point, even though you’re getting, 5 percent  basically on a treasury bond taking no risk.

I think people are still wanting that extra, the  extra juice that they get, and you’re not seeing  

it really from the dividend side of the market.  Dividends really have not been great. They’ve not,  

I always love the dividend aristocrats.  And I was looking at maybe I could take  

some of our profits and shift some  of that to dividend aristocrats.

And I thought the funniest part is you start  looking at the top 25 dividend aristocrats  

and their stocks have been down for a year  and a half. Like precipitously down, not,  

okay it’s just been flat and you’re earning  dividends. Why would I want to be in that? I,  

at least with junk bonds, I’m like, they’re  not really supposed [00:06:00] to go up much  

in value, but you’re earning that extra dividend.

And, I think you’re taking a little  bit less risk than I would be able  

to go down. They’re going to go up in  value. Yeah. Yeah. And that’s the other  

thing I brought up about aristocrats.  I just saw this last week. There was a  

dividend aristocrat that’s been increasing  their dividend for 63 consecutive years.

Yep. Just stop the dividend. Oh, ouch. 3M,  Minnesota Mining and Manufacturing. Yep. Just  

stop their dividend. Wow. The market is so good.  And this one’s been increasing 63 years longer  

than you and I’ve been alive. I, that’s amazing.  Sorry. You’re no longer pay out to the investors.  

Yeah. We’re not going to, at this point, I don’t  know, but no, we’re taking that money and we’re  

investing in an artificial intelligence to figure  out better ways to to create, glue for [00:07:00]  

our, Or sticky notes, I think yeah, I was gonna  say the post there are posty people posted notes.

Yep. Oh my god So yeah, I thought that was  interesting. Yeah, that’s what I got for  

today something to look at maybe once a  month You know just to see where this is  

But yeah yeah I think it’s been a couple  months since we’ve looked at the fear and  

greed index and I think if we had looked at it  more often it would have been like one week.

It’s fear one week It’s greed, it’s just  snapping back and forth like crazy. Here  

we are. We hit a bottom in april, of a  five and a half percent pullback and here  

we’ve come back three percent or so ish and  here we are. We’re still at fear and extreme  

fear conditions within two percent of all  time highs and we’re up a little bit today.

Yeah yeah, I’m not throwing my arms in the air  yet. We’re managing portfolios. We got to be  

smart about things How do you know, we how  do you put money to work today begrudgingly,  

you have to do It’s tough fear and like I  said fear and extreme fear and we’ve just  

blown through the 50 day moving averages  [00:08:00] And on the way back up and,  

do we get to all time highs  and keep blowing through?

I don’t know. I don’t know if we’re  going to be range bound here through  

the election or if we’re going to continue  to see this thing climb. But, once again,  

you got to make hay while you can.  But I think you have to pay really  

close attention to what’s going on in the  markets, if you’re managing your own money,  

because I know Ron and I are doing, are having  to do that with our own, client portfolios.

If you’re managing it by yourself, you’ve  got to pay a lot closer attention now,  

because this can move very quickly against  you if you don’t pay attention to it. But  

if you react to it too fast, it can snap  back against you. Yeah. Till next week,  

it’s a challenging time, but we will we  will keep being here and that’s why we  

do these shows for you so that you guys  are up to date on what’s going on there.

We don’t have an ax to grind here. We just report  the facts as we see them and give our opinions of  

it. But we’re not sitting here on CNBC coming  on [00:09:00] and babbling about useless crap  

that we don’t, that we have no idea what we’re  talking about at that point. So folks, thank you.

Make sure you subscribe to the channel and  make sure you hit that little upvote to let  

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have any questions, comments, anything  like that. Love to hear it. Once again,  

we’re trying to keep these shows a little bit  shorter so that you have time to consume them.

And, on a quick few minutes, you can  pop on and and see what we’re talking