Tag: tulipomania
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
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 US stock indexes have long been widow makers for the bears. Anyone shorting them, especially after the Trump win last November, have been crucified. But is it time to seriously consider the end is nigh for the most stupendous stock market rally in recent
Did anyone see that coming? What a collapse in gold and silver! From a high of $1295 on 17 April – a mere two weeks ago – gold is down almost $80. From a high of $18.65 on 17 April, silver is down $2.35. I
