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Some excellent commentary/analysis on the curent crypto shennanigans by BBG's Matt Levine:
https://www.bloomberg.com/opinion/articles/2022-06-15/crypto-debt-can-be-trouble
Think it should have been 1%, but we”ll see.
I agree 1% would be a bazooka-level move that would've sent a decisive message. Meaning, I wonder if they can comfortably go 2 months w/o making an incremental increase between meetings....
I got into cryptolending last fall and closed out my position earning 7% over a month ago when things first getting a bit ... bumpy in cryptoland. The timing was right as I needed the play money to help pay for home rennovations. lol (Some place…
I agree with this article. The first one was the best sign of a 'top' in crypto, in my view.
The Clues You Missed: 5 Super-Obvious Signs We Were in a Financial Bubble
https://nymag.com/intelligencer/2022/06/crypto-crash-5-obvious-market-top-signal…
fwiw saying I predict either a relief rebound or perhaps a 'neutral' day tomorrow -- followed by a volatility explosion on Wed as folks act on their post-Fed positioning plans into the latter part of the week. (Other central banks set to make rate …
@rforno : Wouldn't one have to take into consideration the % of total drop & not so much the number (600) ?
Band aids don't seem to be holding back the flow of blood, I'm calling for a tourniquet !
With the summer season in progress I've decid…
Yup. And having seen big moves in the 00s and 10s I'm not panicked. If anything, I only start to get a bit more interested/concerned when the overnight futures tank hard like last night .... but even then, I don't run to sell b/c I hold good stuff…
Orderly selling thus far, imho. Waiting for the panic selling next before we hit a bottom. We might get the former today/this week.
Relatedly, there is some serious stuff going on in crypto-land. Between corporate layoffs, freezes, rate downgra…
Between interest rates rising, recession, and the loomng regulatory changes/improvements to crypto-land around the world I would be cautious. Stick with the major cryptocoins (and fiat-backed stablecoins), avoid sh-tcoins, algo-backed 'stable'coiin…
I'm roughly down about 8% across my accounts as of this weekend. I can't complain.
I'm mainly in dividend paying value stocks with *very* little exposure to 'growth' or tech via individual holdings ... which have held up much better than I'd expec…
Well, NightShares is part of AlphaTrAI, which is run by Analytics Ventures. So, the organizational layers (CAKE) are there and all they need is COFFEE (-:).
https://www.alphatrai.com/
https://www.analyticsventures.com/ai-startups/
I'm not sure wh…
ZH clearly has a "partisan nonsense" problem, among others, but I know how to scroll past clickbait to find other posts worth reading. This was one of those.
Agreed. Good find!
Fine by me.
I loathe ZH's partisan nonsense most of the time, but the subject line gives it away: "SEC Preparing Historic Overhaul Of Market Structure, Making Retail Frontrunning Virtually Impossible" Oh, noes!!!! We can't prey and profit off o…
I see things like Bitcoin and perhaps some of the fiat-backed stablecoins (GUSD, etc) being okay and likely to form the basis of whatever turns out to be the 'respectable' crypto economy. But the zillions of 'memecoins' or 'sh-tcoins' out there? Th…
Just be sure what the fund holds before pulling the trigger. Folks see 'dividend' and think 'easy money' --- but make sure it's not something that's overly-concentrated in one or two sectors such as MLPs, REITs, or below-junk bonds.
Today NYMag takes a look at the market performance and philosophy Saint Cathie of ARKK....which I must confess I agree with in its entirety. I think she's been reckless but lucky, but the bill always comes due.
The Rise and Fall of Wall Street’s …
If I read another headline about the latest "undiscovered safe" stock or fund with a yield of 10% I will throw up.
All you have to do is look at ATT. What good was the 6% dividend when the stock is down 20 to 30% in the last 3 to 5 years?
Yeah, th…
I cancelled it a few months ago in protest of their insane news headline trends, but just renewed at the 50% price, which I find fair. Their data presentations and screeners are much more usable to me than M* and the reader comments are a decent sa…
Every time I see this thread title I keep thinking it says 'Diapers' --- which also would be appropos on weeks like this to some, I bet.
... just some Friday evening snark to kick off the weekend as I pour the first dram....
Once again, this morning shows that positive moves/bounces are not to be trusted in the current market climate....and either you stay put or use those bounces to lighten up on things and/or lock in gains.
I've had more than a few folks raise their eyebrows when I tell them I'm eagerly looking to do icnremental controlled buys into massive downdrafts.
I wonder how much of this swoon is amplified by ETFs and/or panic selling by the newbie pandemic in…
@rforno : Did the leak just show up recently or was the repair put off ? That would make the redo jump in price !
I hope you have a third BR to use during redo.
X plumber, Derf
…
Kind of OT but I'm preparing to redo 2 bathrooms. For me, the materials cost is nothing compared to the price of labor these days .. I'm not using anything overly premium or exotic. Was this project not in response to a leak, I'd be putting it off f…
Amazon’s chart (AMZN) isn’t quite that dramatic. But if you could separate out AWS it might be.
I haven’t heard a really convincing explanation in the media. I’m thinking (1) higher labor costs, (2) higher transportation costs due to energy prices.…
Good advice for most to avoid panic, stress, or sleepless nights.
Me? I prefer knowing what's going on ... and in the case of market swoons, want to be aware of anything worth buying at depressed prices that I can hold for the long term, which has …
