Down goes the Dow

doc idiot wrote:

Maser wrote:]Your “evidence” is exactly as I had suggested it would be—which is to say, none at all.

Finding a bunch of other guessers who agree with your guess is evidence only of your membership within that ignorant and self-interested group.

Look in the mirror mas. You’ve offered nothing more substantive than plot lines from a Dan Brown novel. 🙂

I am not going to quibble about it further. However, you can go on to any of the retail crypto trading sites that offer margin and read about the margin liquidation process of the broker dealer. As posted, there have been several significant margin liquidations in the $Billions so far this year, as these services have been offered to the masses. It is my opinion and not a point of fact, however, that these events are just another symptom of this massive bubble.

At least Igy understands that he is not arguing, but merely “quibbling” instead.

I guess I’m just not willing to devote the bandwidth anymore, same as many of you. He sure has done a good job of hijacking this thread, though.

“He’s old, and needs things to be as he believes them to be. His attitudes have served him well over his life and now, in classic fashion, he clings to them. It is a story as old as the hills.”

🧑🏼‍🦽

Maser wrote:

At least Igy understands that he is not arguing, but merely “quibbling” instead.

I guess I’m just not willing to devote the bandwidth anymore, same as many of you. He sure has done a good job of hijacking this thread, though.

No worries, I’ll have little to say as Bitcoin makes its next move on the way to $100,000. 😷

Ghost of Igloi wrote:, I’ll have little to say as Bitcoin makes its next move on the way to $100,000. 😷

I think the next big move up will be closer to $1M, but passing close to $10-20K first.

That said, I have no proof and I am probably wrong, as is often the case…

doc idiot wrote:

Ghost of Igloi wrote:, I’ll have little to say as Bitcoin makes its next move on the way to $100,000. 😷

I think the next big move up will be closer to $1M, but passing close to $10-20K first.

I believe crypto tracks Fed liquidity like the S&P 500, perhaps more the NASDAQ. I would assume the stock market volatility last week triggered a big player selling Bitcoin, followed by forced retail liquidations. The narrative that Bitcoin and crypto is a hedge against centralized finance is just that, a fairy tale. At least so far. I believe any rebound is more linked to the equity markets generally, than independent. I am pretty confident in that observation.

Maser wrote:

He sure has done a good job of hijacking this thread, though.

He is a classic narcissist in the mold of his hero Trump. He has been proven wrong over and over again, yet he rarely admits to it. He would rather the Fed, or some other entity, for his displays of ignorance.

Oh Trump and narcissism of course. How about your mental problems?

Ghost of Igloi wrote:

Oh Trump and narcissism of course. How about your mental problems?

As I said, with you it’s always someone else’s fault. Thanks for proving my point (again).

Gruntz wrote:

Maser wrote:

He sure has done a good job of hijacking this thread, though.

He is a classic narcissist in the mold of his hero Trump. He has been proven wrong over and over again, yet he rarely admits to it. He would rather the Fed, or some other entity, for his displays of ignorance.

Your post doesn’t even deserve a response it is so stupid. But anyway, Trump appointed Powell. The Republican tax cut which Trump supported, Covid relief during his Administration, forced the Treasury to issue more bonds to cover revenue shortfalls. This was followed by more Fed liquidity injections to cap interest rates and somewhat control the negative effects reckless spending.

In regards to your charges of narcissism, likely simple projection, your time would be better spent in therapy. Make sure you tell the therapist of the K-5 feud origination of your obsession and subsequent registration of over a dozen LRC handles. That will do wonders for a recovery, that, and a permanent suspension of all social media interactions.

You are the gift that keeps on giving. You are such a narcissist, you don’t know when to shut up.

Gruntz wrote:

You are the gift that keeps on giving. You are such a narcissist, you don’t know when to shut up.

Maser wrote:

Oh and Doc, the difference being that I am up 42% on the year, even given the btc drawdown. I do not go around looking to justify my biases, I go with what works.

Look at Igy’s recent post logic: “why should I change my mind, when I am proven wrong to ever-increasingly greater degrees?” Do you understand that what he seeks is reinforcement above all else? He will interpret everything as support for his original position, even when doing so does not support his putative objectives.

His real objective is psychological comfort. He’s old, and needs things to be as he believes them to be. His attitudes have served him well over his life and now, in classic fashion, he clings to them. It is a story as old as the hills.

...

Do Me! Do Me! Do me Next!!!

(Just kidding,)

Maser wrote:

...He is recently separated after having cheated on his wife, and has been exiled to the summer home. It is an object lesson from a fool. I doubt many of you will appreciate the contradiction.

Did that really happen? I mean, getting exiled to the 'summer house?" Makes a very poetic allusion and image regardless.

Or metaphorical?

Oh, the fleeting wanderings of the heart!

Why is everyone so mad? It's almost Christmas. Take a chill pill. This thread has been very helpful aside from the pointless arguing.

investing noob wrote:

Why is everyone so mad? It's almost Christmas. Take a chill pill. This thread has been very helpful aside from the pointless arguing.

Sorry. I am market skeptic, stupid, a Trumper, narcissist, old…..um let me see what else. Anyway, I wouldn’t pay too much attention to the bickering. It tends to increase on bad market days. Good market days are spent gloating and making fun of Igy’s stupidity. In the end I am quite fond of this collection of characters, even though one notable poster is a bit unstable.

The bickering, it used to annoy me. Now I appreciate it for what it is. A way to keep the thread near the top of the Index page so that you don;t have to search too far down the page for it.

Background noise.

Ghost of Igloi wrote:

investing noob wrote:

Why is everyone so mad? It's almost Christmas. Take a chill pill. This thread has been very helpful aside from the pointless arguing.

Sorry. I am market skeptic, stupid, a Trumper, narcissist, old…..um let me see what else. Anyway, I wouldn’t pay too much attention to the bickering. It tends to increase on bad market days. Good market days are spent gloating and making fun of Igy’s stupidity. In the end I am quite fond of this collection of characters, even though one notable poster is a bit unstable.

It’s Sunday (a.k.a. not a market day). Try to keep up.