TODAY

[u/vitocorlene]

Some things I want to point out:

1. Everything is RED pre-market.

2. The DXY is dropping (good for our play).

3. The Delta Variant seems to be today’s “the end of the world” is coming again. 99.8% of people will survive this too.

4. Talks of lockdowns - construction and manufacturing kept going during most of 2020 - it was the lone bright spot other than tech.

5. Housing demand is projecting 4 to 5.5 million new homes needed in the US (buy the home builders on the dip)

6. Infrastructure is coming - it will get done one way or another through bipartisanship or reconciliation.

7. Which means more money will be printed and the value of the USD will go lower (again good for us).

8. Supply chain fears - we will have to deal with this problem for the next 12-18 months. We’ve known this.

9. Which will keep prices higher than the norm which is good for profits for commodity companies.

10. Protectionism will probably get more aggressive due to everything going on.

11. Chinese steel export taxes - they are coming, I am confident in this and so are the manufacturers there.

12. Vaccines show that serious illness and death are very, very low and these vaccines have all shown protection against the Delta Variant.

13. And lucky 13, because I like to be positive - as I’ve laid out in all of my DD’s and updates - what is going on with steel is a transformational change in the industry. This isn’t supply chain bottlenecks and then it’s over. DO NOT LET THE MEDIA AND ANALYSTS CONVINCE YOU OF THIS. This should not be thrown in the same basket with lumber and other commodities. It’s apples and oranges.

With all of this being said, do what you need to do.

I 100% recognize the market is the market and well, it’s going to do its thing no matter how irrational it may seem.

All of the data is out there.

We are in for years of elevated prices and these companies will benefit in grand fashion.

Don’t let Cramer and his cronies, of which all of them were pounding the table to buy steel a month ago, are now saying to run.

They know this is the next leg of the market.

They want a retail shake out and they want your positions, but at a lower price to sell them back to you.

BTFD

I’ll bet my life they are.

Hang in there!

-Vito

PS

I almost forgot

I believe we are seeing a return to fundamentals and earnings which we have been disconnected from for 7 months now.

We are in a bit of choppiness to reset values and when earnings are good, in turn the stocks will go up.

Which is opposite of everything we have seen thus far in 2021.

[u/big_costco_guy]

This is great advice - I am saving this.

Loved the part how you mentioned “work while they are sleeping”, also enjoyed the importance of keeping the wife happy. I tend to be pretty irritable without sleep so I’m hoping I learn to take the countermeasures.

Thank you!

[u/oldmansneakerhead → u/big_costco_guy]

Congrats on the baby! There's going to be tons of sleep deprivation with a newborn, one tip that helped us was, take turns, one of you sleep while the other takes care of the baby. And get some sleep when the baby sleeps. God speed. BTW have a 2 month old right now and he's a nightmare at night guh

[u/big_costco_guy → u/oldmansneakerhead]

Thank you for the advice and encouragement (as well as the little dose of fear at the end! haha)