Everyone was expecting a 1,000 point rally after the SOTU, not because the President’s speech was fantastic, but because you’re all a bunch of spoiled faggots. This is exactly the type of tape you want, one that fucks with the mind — gives bears a false sense of security, and then BAM: off with their heads.
At the vanguard of today’s bounce is tech and gold. Can you have a more fucked up blend of leadership? I think not. Let them keep looking at bonds, getting scared of 4.40% 30 yr mortgages, placing hazardous bets against equities. At the end of the day, we will walk away with their heads in a duffle bag.
This being the last day of month 1 Exodus Quant portfolio, I’ll tell you what I own. The stocks aren’t anything special — just what the system said was worthwhile — following the money — and it was correct.
FB, AAPL, MSFT, V, XOM, and GLD.
The net result was ~5.5%, in line with the SPY, an annualized rate of return of 66%. Fucking nuts.
If you enjoy the content at iBankCoin, please follow us on Twitter
My friend at the gym says “crypto is dead” but quantum computing is where it’s at. I guess what he meant to say is that if you think you’re buying stuff at .002 and holding for 10 years… you’re nuts. Those days are over. But what comes from this technology will be the Internet 3.0 that people have been jabbering about but aren’t sure what it is yet.
so how do we play quantum computing then?
Now that’s where the money is! He didn’t elaborate because I’m not sure he knows. It’s like saying “this internet thing is going to be huge.” We know now well yeah it was. But in 1992 I wasn’t sure what it was. Now we know.
If quantum computing is the logical outcome of all this blockchain and such.. what companies are just starting out.
Now that would be a 20 year hold that could make you a millionaire vs trying to buy a bunch of XRP tokens and hoping they go to $270 in 10 years.
Don’t forget about survivor bias. A lot of “internet” companies form 1992 are worth $0.
Don’t worry about getting in on the ground floor. Once a company demonstrates a quantum computer that someone other than the federal goverenment buys, then you can think about investing.
By the same token (or coin), this is probably the perfect time to invest in cryptos: they are well-known now and taken seriously, so the right one will still shoot up, although most will go to $0. Don’t invest in BTC for th long tem – too amny problems (even besides the fact that the easy money has already been made).
Fly-by-night crypto plays might be dead, but the technology will completely revolutionize the world. That is why I am going long IBM.
first quantum computing transmissions have already been done by Chineez. Whoever comes up with a quantum computer first will de-crypt all sha-256 crypto tokens in a flash, like cutting butter w/ hot knife.
market weak,
gold weak,
oil very weak, 7 mil barrel rise, very bearish #s
natty gas weak,
crypto weak,
Vix has been a friend to me
hey,.. where’s showtime,…..?
Ither why is WTI up $1.20 from it’s LOD?
manipulation,
oil numbers next week will dick guillotine it,
oil has a definite limited upside for sure,
i say we will be back below 50