Something of substance for @Swaglord, Bitcoin $65k
I had a limit sell at $74k… never hit.
Well, whatever guess it was a good run.
what do you base a sale limit on with bitcoin? With no cash flow, no dividend, nothing but air...how do you decide when to sell? It's just air so what's too much to pay for air? Gut feel?
blimey.
I suppose you can look at the bitcoin rainbow chart - that's actually been a useful tool.
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A year ago this guy noted the strength in semis and noted that is hardly recessionary. Good call .
The comments are funny - many laughed at those thinking no recession was imminent.
Ryan Detrick, CMT @RyanDetrick Semis continue to greatly outperform the S&P 500. Last week, it made a new 52-wk relative strength high. Take note, this isn't consistent with a recession. In fact, there has never been a recession within 2 years of when this happened (first instance in 12 months). Hmm.
20 years + of underperformance by the equal weighted SPX vs regular SPX.
These things are wild and suggest a not-normal stock market that could reverse.
I think the two main reasons for this are:
1) the maturation and success of mega cap tech. They can scale and scale and scale. great companies.
2) Indexing just pours more and more money into the same few names.
In theory smart investors will start finding bargains and will be rewarded by mergers or increasing stock prices. Someday. But indexing is not going away and that will not help the situation.
“I have a perfect Military Record…Joe Biden is a Serial Liar, James Biden can’t keep his lies straight under oath and Hunter Biden…a Drug Addict facing 12 Counts…” -Tony Bobulinski
More all time highs today, S&P500 up 30% over the past year... Surely this isn't sustainable? We're already about at end of year target estimates for 2024.
More all time highs today, S&P500 up 30% over the past year... Surely this isn't sustainable? We're already about at end of year target estimates for 2024.
“Another day of watching some market leaders trade somewhere in between meme stocks and ARKK, circa 2021.
Maybe this was the “all-clear” we need to take Nasdaq 100 to new highs? Except, we are kind of left more data dependent than it felt back in December.
I expect bond yields, which “survived” the potentially very dovish Fed, to resume their march higher (led by 10s and longer).
Maybe I’m being stubborn, but stocks seem to be behaving like “stonks” again, but not sure what pushes them out of what has become a range, while I can still see many things leading to a sharp, rapid pullback.”
Fact: All new jobs since 2018 have gone to immigrants, and 250,000 illegals enter the country every month, turning many American cities into filthy campgrounds rife with crime and exploitation.
Fact: All new jobs since 2018 have gone to immigrants, and 250,000 illegals enter the country every month, turning many American cities into filthy campgrounds rife with crime and exploitation.
the amusing part about this is that yeah much of the outstanding economic growth and therefore stock market appreciation...is because of the immigrant surge. Get another million people working, paying taxes and spending and the economy and stock market get a boost.
But this country is deadset on ending that! Can't have it!
This stock market surge has made a lot of 50+ types to consider retirement. They just made a ton of money in the market, after having a taste of freedom during COVID. They aren't all that interesting in putting up with office work anymore if they don't have to.
We'll be getting a new wave of retirements soon.
Anyway, I'm getting several calls from people in that zone about figuring out if they can pull the ripcord and stop working. If I'm hearing it, millions are thinking about it.
This post was edited 51 seconds after it was posted.