hey guys i'm heading back to toronto tomorrow or as you say if you're from toronto you say toronto i'm heading back to toronto tomorrow so give me a day to recover and then i'll have all my equipment if you guys saw the fed chairman's speech on wednesday there's a part i'm pulling out of it and i want to show you exactly what he said i'm not going to give just the words i'm going to show you him saying it because the phrase he used was almost the exact same meaning as the four most


dangerous words in the stock market which are this time it's different so that'll be an upcoming video once i get back to the world and get back to all my equipment but also i'm going to start setting up and getting the gold coin contest rolling now it's been too long we've been on a skeleton crew for so long but don't do anything yet i'll work out some details and we'll get into it and we're also doing a bit of tlc and adjustment to the peterleeds brand or changing the branding a little


bit so you might see some changes going forward over the next couple of weeks and months and i think what you're seeing now in the stock market is a lot of what i've been saying for a while and the curtain will be pulled back we're in a delusional situation delusional market for so long so long now that things are finally starting to revert back to more realistic levels that's why you're seeing a lot of these high-flying stocks taking such a hit lately a lot of the nasdaq stocks are


suffering quite a bit especially in january so far but now we're at the point where a lot of the people on the media who should know this stuff are telling you that we are actually coming out of the pandemic now this is something that's going to be behind us now we are making our way through it and it'll be back to normal maybe a matter of months from now if you remember my premise is that when there's not such a focus on this thing that's kicking everyone's butt all around the world when not


everyone is focusing on it they might start looking under the hood and notice that wow we've been told the economy's so strong but it's not really feeling so strong for the regular people working every day they've commoditized things like jobs a job is a job as a job and i say no it's not underneath the surface we're creating plenty of jobs but they're a different mix of jobs and a lot of the jobs are not as highly sought after as you would want in a healthy economy and you're starting to hear rumblings


about price controls even from the administration in the presidential office price controls are just like the trade war i'm telling you ahead of time because it's a no-brainer it's a softball price controls always backfire they're terrible for businesses which sell things they're terrible for individuals which buy things so if it gets to be that it will be more likely that they'll impose price controls that's when i'll get into telling you all the ways in which they're terrible


for you as far as i'm concerned the price control is just an admission that they've given up on capitalism and if they give up on capitalism that's all we've got here to try and get out of this economic mess that we're in that the media is telling you that we're not in that we're eventually all going to see there's no way to hide this you can't hide the truth i feel like we're right on the turning of the tide in the next few months on the stock market and the


economy are going to tell you everything you need to know and i really hope that what my premises does not play out and my energy levels are still really high now so when i get back to the world we're going to do more frequent videos as long as the quality and the content doesn't diminish we're going to be more frequently posting new videos for you so make sure to subscribe now announce the time a lot of things are changing right now so if you want to be involved with gold coin contest which


will be a photo contest you guys send them in and then you guys all choose which photo you like best to be the winner of the gold coin contest and don't say anything yet we haven't started yet i need to really make sure that we do this properly i don't want somebody claiming that they should have won when they didn't or anything like that some of the prizes in the gold coin contest besides the gold coin itself will be peter elites academy the peter lee's candlestick trading chart course


maybe some of the digital books i'm not going to send hard copy books out or soft copy books i'm sending in the mail anymore it's costing more to send the book than the actual price of the book so you're getting digital and if you really want to benefit from really high quality low priced stocks five dollars and under or even some swing trades or some of these stocks that we follow just subscribe to the peterleeds.com newsletter it works out to 55 cents a day it's world famous


subscribers on six continents and we would love to have you guys join us and i gotta jump in here really quickly to give you an intermission and do the disclaimer nothing we say here is personalized trading advice it is all 100 opinion only whether talking here in the video or in the peterleeds.com newsletter it's always just opinion one of the very first things you should always do and i talk about this a lot in the new content for the penny stocks for dummies edition three you're going to


want to give yourself a complete full starting audit how much money do you have how much you make how much do you dedicate towards investing are you going to bring more money into it what happens when you take a loss you look at all of these factors and get a look at how much money do you have where's the money coming from how much you're trying to make from it how long do you think that will take you you do a full audit it doesn't matter how bad it is maybe you have five dollars to


invest and it's going to take you 75 years that's the audit part or the beginning part of then establishing your investment plan you have the whole culmination of all human knowledge attainable to anybody with a computer or some wi-fi you have no excuse not to learn what you need to learn to make your life tremendously better so you should learn from every trade you make i talk about this and penny stocks for dummies in the new content i talk about debriefing every trades you find out what you did right what you did


wrong and you add that knowledge that experience to your next trade your next trade after that the trade after that in each trade just try and get one percent better do something one percent more right learn from books learn from the internet learn from youtube videos learn from people who invest well learn everything you can be a sponge it'll surprise you when it all comes together sort of out of the blue at one point when you've learned enough information to make the right decisions it'll all


just suddenly come together