I was about to buy some more calls on BITO when the floor dropped out from BTC, sending the coins tumbling lower — only immediately reverse and lift higher.
This is what happens when people who are fat man trading desks.
All that aside, markets ramped into the close but I had a somewhat milquetoast session, higher by 65bps. I am getting drilled in the AH on one of these VR plays gone awry, in light of the Facebook announcement to change their name to Metaverse. Nevertheless, I will manage myself admirably and trade out from it with poise.
I think we ramp — I really do. I’m not so sure about commodities, but just to be sure you should diversify.
Tomorrow is the last day of the trading month and I cannot complain up around 10%. Heading into the best time of year for stocks, although always on edge and apprehensive, I look forward to a massive rally into Thanksgiving and a cooling off of equities into December, but accentuated with grandiosity in the crypto space which I fully expect to bear witness to a massive rally of monumental proportions.
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Amen
$BRPHF
Fat man with poise Went awry Later getting drilled
Bloomberg TV now scrolling crypto prices along with the other financial things of interest.
Mainstreaming is here. Former doubters will fuel the next big run, only to be crushed. People never learn.
If you’re trading inflation at the moment, good, it has momentum, but understand this: it’s a crowded trade and it’s wrong.
After we work through the current supply shortages we are right back to deflation.
Technology is still suppressing demand for labor and we have too many mega-cap companies, sucking wealth out of the bottom two-thirds, which would have been called monopolies in the past.
The middle class of the 50s-80s, which was a real middle class, at times controlled 50%- YES, FIFTY PERCENT- of national wealth. Advanced economies are consumer-driven and they need that kind of wealth distribution.
Before the knuckle draggers start screaming “communist Democrats” like trained monkeys.
There is nothing political about that, it’s economic fact. The whole comment.