Jack Gluth

Gluth Brothers Roofing Co. | Every artist was first an amateur.-Ralph Waldo Emerson 4/29/18

[Jack Gluth @JackGluth]

@austinwagoner21 I'm saying 😂 aluminum ladders and skinny jeans tells the whole story

[Jack Gluth @JackGluth]

This past week punished those who HODL waiting for prices to turn around and are over confident. I was short the S&P Tuesday morning. Took a clear set up, had confidence in it but knew where I'd get out. Stopped out. Risk management is key. That's an easy way to blow an account.

[Jack Gluth @JackGluth]

I played 30+ rounds of golf this season so far. Doing some rough math That's over 18, 8 hour days. No wonder my bathroom isn't done 😂

[Jack Gluth @JackGluth]

@amazon your customer service used to be great. Now it is garbage. Delivery drives don't listen to delivery instructions.

[Jack Gluth @JackGluth]

@peacock, I can't watch the ND game bc it freezes every 30 seconds. Hope you get it figured out

[Jack Gluth @JackGluth]

Bitting the hand that feeds you is pretty fucking stupid.

[Jack Gluth @JackGluth]

@austinwagoner21 Hell yeah my driver just won the 500 bought to run it back at road America!

[Jack Gluth @JackGluth]

Chat GPT writes some hilarious content 😂

[Jack Gluth @JackGluth]

3 birdies and 2 chip ins to start to golf season I'll take it! 🏌🏽

[Bill Ackman @BillAckman]

Recent events have made clear in the mind of the average American that there is a risk that they could lose money doing something they used to think of as safe -- Being a depositor. We have had a two-tiered system since the GFC where a few large banks have the explicit backing of the taxpayer and the rest have $250k of deposit insurance. This two-tiered system worked until it didn't work.

In a world with @Twitter - speed spread of information and smart-phone-enabled bank accounts where withdrawals can be made with the push of a button, no bank is safe from a run unless the depositor has an explicit gov't guarantee that ensures that they always have complete access to the total value of their deposits. Without this guarantee, the non-systemically important banks (non-SIB banks) will likely continue to experience large withdrawals.

This problem is compounded by the stock market. Consumers now understand that when a bank stock collapses, it is only a matter of days before the bank fails due to liquidity demands by their depositors.

The rewards for being a depositor are minimal compared with the risk of loss from losing access to funds needed to run your business or household. Until this problem is solved, our banking system is at risk. The more time the public is exposed to a period of uncertainty, the more imprinted deposit risk is on the mind of the public.

That is why it is critically important that our gov't promptly puts its full faith and credit behind our deposit system.

If in fact, your deposit is safe if a bank fails, as in SVB and Signature, then why is it difficult for the gov't to confirm that your deposit is money good when your bank is still operating?

We need a temporary systemwide deposit guarantee that will remain in place until our outmoded $250k deposit guarantee program is modernized. Since this new system can't be created over a weekend, we need a stop-gap measure to get us through the next few days and weeks.

The alternative is one bank failure after the next. The weakest three have already fallen. The market is already telling you who is number four. This is not the way one maintains confidence in a banking system.

Lastly, the more banks that fail, the higher the cost of capital will be for non-SIB banks. This will have a profound long-term impact on the cost of capital for small and medium-sized businesses, a cost that has already increased materially due to the overall rise in rates. It is not helpful to put even more pressure on these critically important drivers of our economy.

[Jack Gluth @JackGluth]

If you want to add value to your situation, create solutions and fix problems without making a deal of it.

My goal for 2023 was and is to handle hurdles internally and share the result.

[Steve Burns @SJosephBurns]

Broke people love to give you financial advice.

[Jack Gluth @JackGluth]

I thought winter time was a time for roofing contractors to chill out and regroup 🫠

[Jack Gluth @JackGluth]

Back testing and building confidence in a swing trade strategy is one thing. Executing and holding the position in real time is another. Patience young grasshopper

[Jack Gluth @JackGluth]

Funny how 10k in student loan forgiveness (≈519 billion) is unconstitutional but 753 billion in PPP loans were forgiven for businesses. Didn't those business just clean house the past 24 months? 🤔

[Jack Gluth @JackGluth]

Even winning comes with learning experiences. I literally identified a catalyst for a larger move to the downside but then jumped out when the first level is hit. Made a few but missed out on a 10 bagger. Next time!

[Jack Gluth @JackGluth]

Filled at 91.41, out at 89.66

[Jack Gluth @JackGluth]

Looking for an oil short entry in the AM. Think it will move down to 89.66ish might go further. If it breaks down it will catch a lot of neckline break out buyers with their shorts down. ⛽️📉

[Jack Gluth @JackGluth]

Looking for an oil short entry in the AM. Think it will move down to 89.66ish might go further. If it breaks down it will catch a lot of neckline break out buyers with their shorts down. ⛽️📉

[Jack Gluth @JackGluth]

I bought my house in August of 2020. My 30yr fixed mortgage is 2.99% over a whole percent lower than the current "risk free" rate (1yr T-bill). Same mortgage would probably be in the 7s now. That's nuts.

Buying some T Bills looks decent at 4% with an inverted yield curve.