Posted on 02/28/2024 9:34:53 AM PST by Eccl 10:2
so you see it too?
It can’t be just me.....
can it?
I know I always say I don’t hunt unicorns ...
but dang if that’s not a unicorn.
even has a big green horn on it’s head...
and a nice red tail ...
Do I just need more rest? ... are the meds not working any more ?
Did the conversations I had with the guys on the bit coin thread affect me......
hmmm .... I did dip my toe in IBIT ...
so far so good
there are some really sharp guys over there, they answered my questions really well. I don’t know their key words or anything...
I just sort of stumbled in there.
But if any one is wondering about bit coin, the new etfs, the halving .... well...
the truth ....it’s out there....ewwoooewoo(X-files music)
“what the heck would that mean?”
$$$$$$$$$$$$$$$$$$$$
Go long LSD?
“Go long LSD?”
hmmmmm ..... it has been a long time ...
It’s been a long time, been a long time
Been a long lonely, lonely, lonely, lonely, lonely time
Yes, it has
I still say it’s a UNICORN ...
103.78 to 104 run up on the DXY in the last couple hours
10yr yeild up 4.27 to 4.31
they have some gas ... I think they are expecting a reaction to the employment numbers ..
can they hold they brakes?
I don’t think they are doing employment numbers tomorrow. Next week, I believe.
https://www.marketwatch.com/economy-politics/calendar?mod=economy-politics
All else being equal (ceteris paribus for you Econ majors), as the dollar goes up, stocks go down. More expensive for the foreign investors.
You have a good enough understanding to know there are thousands of crypto currencies. The popular Helium had thousands of miners but the group of 4-5 owners of the coin decided to screw all the miners, thus it became a scam coin - people still hang on to it.
There is only one rule in investing. Buy the best. In business it is winner take all.
In crypto currency investing there is one asset which is BTC.
There are only 5-6 crypto’s “safe” to invest in. They are ranked by valuations. BTC, ETH, SOL are the only three of the six that I would buy.
I am 99.7% of my 260K in BTC. I am free and clear with a profit in that 260K. I have made over 500K starting with a half dozen GPUs on a mining rig in 2017. Other than the valuation of the BTC, my boys both have a BTC from me.
The only true cryptocurrency inverstment is the BTC or the BTC ETF. At the moment the ETFs have the opportunity to grow at a rate higher than holding actual BTC, but I will hold my BTC.
BTC isn’t a unicorn-fiat, it is a Ferrari.
Do you also verify transactions?
“Many people have never seen economic repression. They can’t even fathom high interest rates in a recession.”
That is true. They have never even heard of a home mortgage at 12 to 16% interest rate. The recession of late 70s and early 80s, what caused it, and how we climbed out of the doldrums is not taught in schools.
Side note: I’m looking at the movement of the dollar this morning. A solid “V” at this point. The 10-year bond is at 4.2325.
The economic “experts” promoted by the media are celebrating their touted “soft landing”. I think they are celebrating early and we are instead headed for a hard crash (relatively speaking).
It IS a unicorn! LOL! Once you see it you can’t unsee it.
You called the green horn spot on! For it has definitely spiked this morning.
I’m already on the list, no ?
Yes, thanks. I haven’t done a chart today. Maybe at the close.
Agreed. IMO the market is quite top-heavy.
A good alternative is RSP, an S&P 500 ETF, but it’s equally weighted, not market cap weighted like most.
Keep an eye on the Dow 30 as European money flees to the US.
It is the preferred choice of int’l $...
For information purposes:
https://www.zerohedge.com/personal-finance/wtf-going-jobless-claims-data
“WTF Is Going On With The Jobless Claims Data...”
Article at link has long list of lay-offs, below is just the first 15.
“In the real world labor market, 2024 has been a sh*tshow of layoffs...”
1. Everybuddy: 100% of workforce
2. Wisense: 100% of workforce
3. CodeSee: 100% of workforce
4. Twig: 100% of workforce
5. Twitch: 35% of workforce
6. Roomba: 31% of workforce
7. Bumble: 30% of workforce
8. Farfetch: 25% of workforce
9. Away: 25% of workforce
10. Hasbro: 20% of workforce
11. LA Times: 20% of workforce
12. Wint Wealth: 20% of workforce
13. Finder: 17% of workforce
14. Spotify: 17% of workforce
15. Buzzfeed: 16% of workforce
.........
Paradoxically, layoffs and unemployment are often *good* for stocks. Costs get cut, earnings go up, and chances of Fed hikes go down.
When I trade on Coinbase they provide a confirmation. As long as it is in my account I don’t go back to the www to verify the actual blockchain.
ADP and jolts next wend...
I guess it depends on numbers you watch ... and there are plenty of them to pick from ..
I was referring to these ...
09:30 AM
US
Initial Jobless Claims FEB/24 215K 202K ® 210K 210.0K
09:30 AM
09:30 AM
US
Continuing Jobless Claims FEB/17 1905K 1860K ® 1874K 1865.0K
09:30 AM
US
Core PCE Price Index YoY JAN 2.8% 2.9% 2.8% 2.9%
09:30 AM
US
Jobless Claims 4-week Average FEB/24 212.5K 215.5K ® 219.0K
I keep an eye on “Initial”
and “4-week Average” ...... more or less ...
Come on now ....... tell me you saw that unicorn
“Come on now ....... tell me you saw that unicorn”
Did you notice it had six legs?
“six legs?”
I see how your looking at it ...
try looking at the little number boxes as hooves ..
8-0
“try looking at the little number boxes as hooves ..
8-0”
It’s a Stallion. Two are not hooves.
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