Tales from the Crypt was a cult horror movie from 1972 and also a US TV series from 1989 to 1996. The latter started with a panning shot down the stairs to the basement of the decrepit mansion. And with a severe bear market in
Tag: bitcoin
Regular readers will know I have been not so patiently waiting for this. It is a common observation that currency markets often extend trends far longer than you think possible. In Elliott wave terms, we see many extended fifth waves and these are often the
Ever since the big crash of 2007 – 2009, I have been forecasting a deflationary depression for the global economy. I realise this is a very bold call. Some would even say it is totally nuts given today’s ‘Goldilocks’ economy.. What could possibly go wrong?
It must be great to be at the annual shindig at Davos every winter, mixing with the bigwigs of global finance and politics and receiving all their pearls of wisdom. Or not. Since I am rarely invited, I have the luxury of noting the prevailing
Yes, and one day the exuberant stock market will take note. Here is my updated chart of the 3-mo T-Bill yield Remember, this is a market-driven rate (as opposed to the Fed-imposed Fed Funds rate – the only rate they really can control, and they
I confess I am really enjoying the mayhem prevailing within the madcap world of crypto-currencies. And no wonder, when you have one of the thousands of virtual coins out there explode from 25 cents in early December to $3.25 (a gain of 1200% in a
The mania driving stocks is historic – the result of a QE-driven rush of funny money into the hands of money managers who saw the Fed offered them a free put option on share purchases. The only way for shares was up (but only for
Who remembers the 1980s British TV series Tales of the Unexpected? They were stories with an unexpected twist at the end – and the stock market story of 2017 could well have been one of them! This Year of the Unexpected finished with shares coming
Remember the 1990s? When any company with a newly-invented basic website was bid up up and away even though it has no earnings nor any prospect of any? Even stolid old Auntie BT (with earnings) was swept up in the mania. Now we see that
Yes, not a single mention of BTC here (but I am alluding to my main trading crypto – Ether). Mind you, I must be one of the few not to bring up the dreaded Bitcoin word. In a recent seekingalpha.com email, I counted six of
Yesterday’s volatile stock market action was telling. For the first time in weeks, the Dow suffered a significant fall – but then recovered. The VIX Volatility Index was likewise volatile (sharp up and then sharp down) The news items that emerged were that a former
I ask that question rhetorically because I have asked it several times this year – and the answer was always ‘no’. A few weeks ago, I noted a rush of MSM articles that proclaimed the end was nigh – and I took that as a
