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CatmanV2

Member
Messages
48,803
A fabulous take on incompetence blended nicely with a total lack of technical prowess.


TL;DNR

A group of crypto enthusiasts has made an unusual purchase: a rare copy of Dune, by science fiction writer Frank Herbert, for a staggering €2.66 million ($3.04 million).
...the buyers – a collective called SpiceDAO – appear to believe that owning an early copy of the hit sci-fi about space worms gives them the copyright, to do with what they will.
C
 

Froddy

Member
Messages
1,072
The final blow off hoorah before the mother of all crashes?
Quite possibly - if you look at the S&P weekly chart, there has been no meaningful distribution. Typically, price zigzags from lows to highs and back again before making up its mind to go lower. This is called Wyckoff Distribution. Compare the weekly charts of the S&P and the Wyckoff model below to see what I mean. We MAY go back to ATHs - we need to be open to all possibilities as we cannot predict the markets … 101624
 

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rockits

Member
Messages
9,172
It's odd as you'd think the US would be wanting to pump the markets and kick the can a little further/longer.
Maybe they want a massive crash as have dumped all their stocks and the billionaire's are ready to hoover up a ton of cheap assets soon.
 

Wattie

Member
Messages
8,640
Europe is in “huge” trouble here.
How is having 1 interest rate (currently negative) gonna fix the mess of inflation in that jumble of economic garbage?
 

Wattie

Member
Messages
8,640
In trading, ”cash” is a position. Wattie’s absolutely right - if there’s no clarity, best to stay away …
I’m still Usd$ positioned.
If the Fed raises rates it strengthens and if it all falls apart it’s the “run to” currency of choice (the best rubbish in a bag of total dross).

101627

I’ve said it before and I’ll say it again.....EVERY Central bank has been running a Ponzi scheme. You cannot taper a Ponzi Scheme.
Will Japan crack first? https://www.zerohedge.com/markets/j...ctable-non-linearities-financial-markets-bank

 
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