You Should Have Just Gone To The Bar.
Generally speaking, this week’s theme (reflation back on in the U.S. as stocks, the dollar, and yields all rise in tandem) held, as there was no news “bigly” enough to change the narrative.
Generally speaking, this week’s theme (reflation back on in the U.S. as stocks, the dollar, and yields all rise in tandem) held, as there was no news “bigly” enough to change the narrative.
You’d probably be wise to do the same.
“When you see the waft of ICO’s (Initial Coin Offerings) hitting the market, you have to ask yourself what these “investors†are smoking. Let’s put aside whether bitcoin, ethereum, or some other transactional coin, ends up being a medium of exchange with real value. Instead let’s focus on these ICO’s.”
And so, having already grown faster in its initial stages than every other notable bubble on the list (and they probably should have included housing in Canada and Sweden), the only question now is whether it will continue to rise and ultimately surpass the 2+ year, exponential rally in BitCoin.Â
If it does, Seth Golden will be one of the richest people on the planet
“Trading has never been a straight line. Even for bitcoin, the cryptocurrency with an ever-impressive performance this year, the ups and downs in the short-term have surely created havoc for investors on a mark-to-market basis.”
If you’re reading this, you’re probably in the investment industry, or at least have an interest in financial markets. If you’re in the investment industry or in the financial markets, you like to win. So you’re not going to like my answer.
We play. And we lose.
“Frankly, I’d be more convinced by an argument suggesting that the world’s reserve managers are going to hire a bunch of millennials who’ll switch their dollars into bitcoins, ethereum, and other crypto-“stores of value”.
Once upon a time all this was offset by a sense that a strong currency was a sign of national virility, but such superstition is passé. It’s all about a total eclipse of the sun, today….
“Whether it is Gross, Icahn, Gundlach, Jones or Marks, there is no shortage of billionaires warning about the impending stock market crash.”
Netflix, Goldman, “own dick eating,” a failed healthcare bill, dollar doldrums, and so much more…
“I am not sure if you should get long US Treasuries because the Chinese have indicated that they might buy some more. But I do know that you shouldn’t short world growth because China is about to implode.”
“Could it be utility stocks smell the coming economic slowdown ahead of the bond market?”
“I know it’s not what the cool kids are doing, but count me in the camp that believes this is not the start of the China unraveling, and if anything, the decline offers a decent buying opportunity.”
“A person will not have their entire life destroyed because someone has held a gun or a knife to their head.â€
If laughter is truly the best medicine and you happen to be sick with something,
You must be logged in to post a comment.