The S&P tech sector is now almost flat YTD, so in hind sight looks like he was right. SMH still up 15% though, so Apple has been a big drag. This is typically a seasonally weak period and last week was an option expiration. S&P down about 5% now, so we see if it gets bought. That Buy-The-Dip down 5% level hasn't worked great the last couple of years. Down 7-10% is a better spot, but with flows coming back this week it will be interesting to watch.
Honestly, no clue. I guess it was pretty well known event so the price is just doing its normal movement. The negative price reaction on the Mideast news last week sort of shows it is just an inverse risk proxy.
That's a whole 'nother world I've not dipped my toes into. Are you vested/interested in the crypto market? If so, what have you learned - ballpark pros/cons?
No sir...but I wouldn't turn down a Brady bunch deal & help dupe the masses...
.Shitcoins for Dummies version - please.1.5M having invested $24
I use coinbase which has the option to cash out to USD or convert into any other crypto that’s available on that exchange. Overall yes, it is because of commerce, which gives worth to any government paper, is how all crypto is valued.
Never could get comfortable with the valuation of either. The entire business is based on growth in transactions and inflation, which means it is very economically sensitive. The entire business is ripe for disruption. Everyone that uses your product hates it because you are scraping 2-3% off the top. The only thing saving it is American's hate for government solutions and Visa and MC lobbying efforts.Second Q for all investors:
Visa / MasterCard. Thoughts?
Interesting article:
Prediction: 2 Magnificent Stocks That Will Reach a $1 Trillion Valuation Before 2030
These two great businesses are set to join an exclusive club.finance.yahoo.com
@Flatrock TSLA closed today $168.47. Not to toot my own horn, but yeah. I premised that prediction off ‘23 history, earnings prediction and RSI at the time.
What did you make...$2500? This assumes you didn't close it out when it ran back about $200/sh. If you waited you could have closed with it below $140. And using RSI over the 3mos would have drove a person crazy. Timing is everything
Nice play. Earnings and RSI / Ichimoku are to [two] of my favorite means to identify an edge over a coin flip.
Oh no, that level of insane is MM behavior with other people’s money. Besides, I don’t think there were ever any interested parties at that put. A holder would’ve had to actually assigned it for a 100 block of shares to make sense. I thought I read the market tea leaves correctly that TSLA would again go shitty and RSI was a big part of that inclination.
It would have been a wide ride. Honestly, I never would have been able to stay in. Rule #1, know thyself.
Well, the 3 month tbill and 10 year tbill are inverted. Happened 3 times, first was 1929. I have zero confidence in the fed let alone dementia Joe avoiding stagflation imo. But it's fun rolling the dice.
