Jason Shapiro, Principal at JS Shapiro LLC, talks about his contrarian investing approach, and why he trades based on investor positions, as opposed to price signals. He also discusses meme investing, the Jim Cramer indicator, and how macroeconomics ties into investing. Shapiro was featured in Jack Schwager’s recent book, “Unknown Market Wizards.” He spoke with David Lin, Anchor and Producer at Kitco News.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Jason Shapiro on Twitter: @Crowded_Mkt_Rpt (https://twitter.com/Crowded_Mkt_Rpt)
0:00 – Stock market winter for 10 years
5:11 – Trading strategies
7:53 – Commodities, gold, and silver
10:36 – Jim Cramer and meme stocks
14:26 – Timing a trade
16:08 – Indicators for stock markets
18:25 – Contrarian investing
19:26 – Efficient markets hypothesis
24:14 – Would Jason’s strategy work in all markets?
#investing #stocks #gold
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24 Comments
Another amazing guest & interview! Best business channel no fluff just facts
Agree with this approach 100 percent. When you think about the nature of this money, and the nature of where on the curve excesses entered the market, that nature does not make money. That money loses over time. Do not buy expensive markets in this type of macro set up.
On the Reddit Gamestop short squeeze: "This famous hedge fund trader who's all Mr. Smarty Billionaire Genius Guy – and he got ripped by these retail traders. It was beautiful."
I love this guy. Bring him on again!
Jason Shapiro, Rick Rule, Michael Gayed panel: let’s go!
7:57 David Lin calls asset classes, “asses classes” you can’t miss it. So rich.
Literally everybody is saying "it's going down further".
Who are these people he is talking about?
Where do you get participation data?
Great interview. Super interesting trading approach
It depends. There are some stocks doing very very well over the past 12 months.
You gotta do your homework, but they definitely exist. ENPH CELH LNG CVX VLO NTR XOM and many more…
He's just anti social wanting to be where ever the crowd isn't, lol.
The Japan average age is much higher than the US. To David's point the 401k money has to go somewhere; not many options.
Over the last 200 years the stock market has been the strongest performer by a huge amount compared to all other asset classes . The only people not to benefit / make money are those that try to time a top/ bottom, or sell due to bad advice and fear! It is and always has been a long game , there is a reason why the rich don't sell and only borrow off of their assets .
Nikkei has fallen gradually, not a result of a crash. Same could be said for ftse,
Thank you guys 😄
THE REAL CRASH HASNT EVEN HAPPENED YET !
Simplicity is key !
The latest news always behind on the markets !
Great interview Kitco !
Thank you Mr Shapiro !
David conducts great interviews and asks great questions. However, this time around I noticed a key question was missed(for the sake of some of us less saavy traders/investors) and that was how exactly Jason determines and applies 'market participation and market action' as his main contrarian indicator. Maybe I'm just too ignorant, but if someone knows, please do chime in. Short of that detail, one of the best! Thanks to all involved.
I'm no longer waiting for the GRANT LOAN because I earn $50,000 every 7 days recently.
We made this video based on this guy's hunch. Not saying he's gonna be wrong, but he even acknowledges he's operating on a hunch.
CHINA HATE BITCOIN.
Once everybody is in agreement , Lookout!
Invite this dude in 10-15 years. And make sure to make him eat his own words.
Got
It