Down goes the Dow

SARK 👹

Ghost of Igloi wrote:

SARK 👹

Ok, Johannes, let him have it!

😹

year to date

and what a year it's been, gents

GME +1,014 who thought this one would last?

BTC +97

Retail +59

Energy +56

TSLA +54

Financials +38

REITS +32

Cons Discr +29

tech +28

Schwab Dividend ETF: +26

SP500 +26

Value +24

Momentum +24 have to love value and momo having the same return. 2 ways/skin cat

Small caps +22

Clean energy +14

Non-US devlpd +13

Global 60/40 +10

Emerging ex china +9

TIPS +6

Emerging +5

Junk +3

Hussman +1

Weed 0

gold -2 hah in the most inflationary year in a generation gold -2

Treas -4

ARKK -6 I'm hoping ARKK winds up with the same YTD as treasuries. irony?

China -14

PTON -66 get on your bike and...well see it collect dust

VXX -70 garbage hedge

good lord that's a big big big year.

Can't go on anther year....can it? US is up 19% per year for five years. That is amazing. Late 90s amazing.

if interest rates snap up to 4% and tech is cut by a third....well then we lose just a year of returns. So hard to time the market.

Don’t worry about it agip, everything is geared to produce such an outcome, and it will continue at least for the duration of this administration.

As I have been saying for years, something has to give, and it is the purchasing power of the dollar. Even as I believe inflation exceeds the reported numbers, a “balanced” portfolio is probably returning more, even after tax.

They want a minimum of 2%, and will get it by holding rates down, and continuing spending. Any change will be insignificant. Retirements and votes depend on this.

As you said, hold through the next correction, don’t worry about timing—it will be shorter and shallower than prior corrections. In fact, btfd if you can. Midterms could be a problem, be careful around then.

Wow sold my MANA after the pump at $2.96. Hate myself so much right now.

Always remember, there’s usually a double pump.

What about the double dump?

Crazy stuff:

“Despite significant sell-offs for Bitcoin, Ethereum, and most major altcoins today, Decentraland's (CRYPTO:MANA) MANA token is making big gains. The cryptocurrency was up roughly 13% over the last 24 hours of trading as of 1:30 p.m. ET.

Excitement surrounding the metaverse is surging lately, and that seems to be driving the valuation for Decentraland's token higher. MANA is the cryptocurrency used for transactions in Decentraland's 3D virtual world, and surging interest in the metaverse and non-fungible tokens could help it post more big gains.”

Decentraland, OK. Beyond weird and delusional. Perhaps psychotic.

I first got in at 0.27 in early Feb

Guess you always gotta be happy if you make multiples.

Good luck.

I read what MANA is and seems like the incoherent ramblings of an insane person.

😹

https://bitcoinmagazine.com/culture/bitcoin-everything-important-proof-of-work

This is interesting-

Even with the nasdaq at near all time highs the index has a possible high in numbers of stonks at new lows.

That has to be bad.

https://twitter.com/hmeisler/status/1461462987005476872?s=21

Big numbers!

And I'll second what the Mas said as well.

Here's the thing - I get the sense that there is a perception proliferating that the markets are for real and the biggest risk is in getting left out. Stop thinking about it and get on board. And supporting Mas's contention that a sell-off will be short and shallow, one might rightly expect some fast profit taking when it occurs followed by a slew of buy the dip opportunists who have been dying for just such a chance. Which mean high volatility, though not a sustained downward trend,

Just rambling, but I can't help chiming in as to what a force this market has turned into.

agip wrote:

You have no idea if crypto will exist in 10 years.

Agip I was not suggesting that crypto would last another 10 years, but instead pointing out the fact that it has already lasted 10 years—a not insignificant length of time.

The Dutch tulip bulb market bubble, also known as 'tulipmania' was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s when speculation drove the value of tulip bulbs to extremes. At the height of the market, the rarest tulip bulbs traded for as much as six times the average person's annual salary.

If anyone wants a taste of the crypto insanity read the piece justifying the investment I posted above. Laughable nonsense, interspersed with the author’s yoga moves. “You can’t be serious!”

Just a taste:

“There is but one proof-of-steak I endorse in my life – the pictures of my carnivore(-ish) meals that I send, not to Instagram as my fellow millennials might have, but to my shltcoiner

friends (always with a comment about staking). And even this proof-of-steak is technically proof-of-work, because you need to source it, earn it, make it, and most importantly: commit to it before it starts building you into the stronger human being for which steak is intended.

My generation was raised, intentionally or not, with the opposite mentality – a proof-of-stake mentality, where our mere existence conveyed rights, benefits, and well-being. Every one of us spoiled snowflakes were unique and perfect the way we were, and now are, and tomorrow will be. Whatever we feel is real, whatever delusion we have incorporated lately must be unquestioningly accepted by everyone else. We cannot be exposed to any sort of risk, in case they traumatize us or hurt our precious feelings; horrific ideas of other people cannot be allowed in our midst.“

OK boomer, if you can understand that horse crap you’re better than I.