First time PFA brought up this chart Bitcoin was $1200. It's got a thousand-and-one uses though.
I ain't a macroeconomics guy. I am only marginally brighter than your average poker player. I try not to think too much and just trade what I see.
But it's so goddamn fun.
First we had a bubble with lots of free money chasing fewer and fewer outstanding shares & there was really nowhere else to run your money.
Going from memory, but I swear I saw GoPro buy back shares at $23. They are $10.
Of course, there was Apple and frankly everyone else buying back shares. They all look dumb atm. But the important thing is the number of shares was always diminishing. Supply & demand thing.
We have deflated a little (or a lot). Yellen shrugs her shoulders for two days. More QE? Interest rate reduction? Negative interest. Who knows but history teaches us we will take another failed run at the title. Denial phase is coming. The conversation will shift. (We will get used to $30 oil, for instance) No one quits that easily and bargain hunters get replaced by new momo armed with fresh money.
They (Fed) won't stop goosing things trying to avoid the inevitable and proper correction/contraction (or more truthfully, punishment for past sins).
Have we corrected enough so far - before the next bounce? Who knows? Just before Yellen spoke and last Friday we certainly were trying.
How we ultimately fail will be a surprise. Municipal or government bankruptcy. Who knows? We'll find something.
Given the bubble chart and y'all talkin about gold. I am fightin real hard not to short GG or the other miners just for the "I told you so" brag rights. I won't but gold don't feel right.
It's fun to speculate.
Regarding VC:
B2C sounds familiar. Unless you are under 30. IoT ... cheap cameras built into your doorbell linked to phone? Smart thermostats? Cool crap for the most part to be sold to Honeywell & Johnson Controls. I am underwhelmed. FitBit y'all. Cheap chips and some wonky software. Golf clap.
But God bless aBrown. It is interesting to hear VC is still kicking. Who knew? The press always gets it wrong.
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