Posted on 01/09/2022 6:15:42 PM PST by BenLurkin
How is FJBcoin doin’?
He has no clue why huge numbers of people piled into meme stocks. They weren’t trying to make money, and in fact most held their positions even as they hit ludicrous highs. The whole mission was to kill the short traders.
still waiting for FRcoin
Good, I’m sick of this cheap money binge, its stupid.
The head of the Central Bank was just renominated, so now he has free hand to raise interest rates.
There is an old saying that I thought sounded cool.
“Six percent interest can draw gold off the moon.”
In this case its going to draw money out of real estate & equities. Stay tuned.
“Its going to get wild.”
Exactly. Makes the entire article suspect when he doesn’t even know that
I drive past the GME home office every morning. Around town, I see Rolls, Bentley’s, Ferraris with 2DAMOON, or other meme license plates driving thru the Taco Bell. All have got 50X their original investment out of it and won’t be selling the rest, just because.
“FRcoin”
Now THERE is a Plan.
There is also this:
Risk Bubbles Are Deflating Everywhere, Some Market Watchers Say
https://www.bloomberg.com/news/articles/2022-01-08/risk-bubbles-are-deflating-everywhere-some-market-watchers-say
The GME shorters haven’t cried Uncle yet?
As crypto goes most investors have a very strong buy and hold strategy so when you are up 1200% with a basket of cryptos a 40% pull back is looked at as just another buying opportunity.
What can you make of this?
“The reduction in liquidity from the Fed will cause both the equity risk premium and interest rates to rise, which will continue to disproportionately impact the riskiest assets... particularly cryptocurrencies, which have no intrinsic value,” according to Jay Hatfield, portfolio manager at Infrastructure Capital Advisors.
“The reduction in liquidity from the Fed will cause both the equity risk premium and interest rates to rise, which will continue to disproportionately impact the riskiest assets... particularly cryptocurrencies, which have no intrinsic value,” according to Jay Hatfield, portfolio manager at Infrastructure Capital Advisors.
This is the part where Warren Buffett walks onstage, drops a copy of Ben Graham's "The Intelligent Investor" on the table and says, "There's really only one way to do this."
tl;dr Value Stocks are back in vogue
Yep. The crypto market is subject to large fluctuations. It always has been yet over time it has steadily risen faster than any other asset class. His claim that it’s all just speculation is laughably ignorant.
If you can’t hold it in your hands you don’t own it.
Copper, lumber?
How about it?
I’d estimate they need GME to be about #2.00 to break even, but...
As long as the Fed is giving away free money, they are paying the interest on their loans.
How to make money, without using Yo Monoey.
Evem Warren has paid too much for crap, However.
It’s like he had to keep up with everyone else.
This writer clearly does not understand blockchain/crypto and web 3.0. I am learning more every day - and I am hopeful it will be the undoing of FB, Twitter, and Google as their platforms become irrelevant, and their ability to control information flow will be even more limited... like the CBS Evening News trying to control the flow of information... that ship has sailed!
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