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
Tag: bitcoin
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
Last Saturday, I posted my thoughts on Bitcoin and concluded the bubble was about to burst. This was the daily chart I showed at the time The Elliott waves were pretty clear – the 1 September high at $4,923 was the final high of wave
I’m sure, like me, you have noticed an avalanche of references to Bitcoin and other cryptocurrencies in the MSM in recent days. Yes, the coverage has been pretty steady as Bitcoin moved above the $4,000 level in mid-August. But since then, the manic excitement has
The EUR/GBP cross is close to the heart of many UK residents who worry constantly about the tourist exchange rate, especially when a holiday on the Continent looms. Should I exchange now or wait for a possibly better rate? And where can I get the
I recently came across this maxim that is especially relevant to trading: “The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.” Bertrand Russell Despite an onrush of gloom-and-doom disaster
With $10 Trillion (and growing) of sovereign debt in negative yield, can the UK and USA be far behind? That is the big question on bond traders’ minds. With the hunt for yield getting more and more frantic, formerly high-risk junk bonds that were shunned
