I don’t own any stocks first off…….and I haven’t for months. What have I missed? Jack squat man……15 weeks of watching this thing day in day out – wiped in a few afternoons? Not my bag.
I don’t trade Forex much anymore either as it’s lost it’s appeal in comparison to “riding into the future” on a spaceship purchased with Bitcoin.
You may want to to revisit my previous posts / suggestions about cryptocurrency and consider my firm belief that we are on the cusp of an entirely “new financial paradigm” wherein – I don’t want anything to do with the phoney baloney / last gasp / hand off to retail / overvalued / bought back stocks of the day.
Wall St. is selling like mad, as the last of the “armchair investors” scrape together their last few shillings to buy stocks – right at the top. Just like always. This will never change.
Did you happen to see any of the recent crypto currency gains? Gary? You there? You dolt. Way to go man….running a pay service with suggestions that crypto will go to zero….pure brilliance.
From a technical standpoint, you stock jockey’s are gonna catch another break here mid week with the equities cycle on day 44 now. we are totally oversold and the bounce will come within days “if not” tomorrow. I don’t question that stocks will bob along over the next 3 – 4 months but……if they do get anywhere near the previous highs…once again you’d count yourself as “batshit lucky”.
Dow now at support
Here on the weekly chart we can clearly see an area of support and resistance around these levels, and the daily trend is still “up” so……another run towards the highs quite probable, although please keep in mind…
This will be the 4th attempt to break thru. How does that line up with a recession on deck? Perfectly…if you plan to sell.
Bitcoin is on a tear as expected but I assume it will pull back to a new level of support here soon – then be off to the races FOREVER.
I’m just throwing out another quick reminder to all – please be cautious. Please bank profits. Please don’t buy anymore CNBC Kool-aid.
Oil baby oil! Silver baby silver! Bitcoin baby Bitcoin!