To: Elroy Jetson who wrote (136911 ) 12/1/2017 3:03:22 PM From: John Pitera Read Replies (1) | Respond to of 217543 ------------------------------------------------ . He is Absolutely correct that we are at a Zenith of raw emotions ... a bubbling cauldron of Emotional and Mass Psychological Vertigo that we rarely get to experience. It's being brewed by this nanosecond 8 days a week 32/7 blizkrieg of information coming at us from every electrical device that has been created....and then there are the cycles that are not created by man... the bubbling cauldron brew -master... a vintage worth of a Master Alchemist Alchemy and alchemist are in fact older words than chemistry and chemist in English. ... The long route to English for alchemist began with the Greek word chemeia, which probably came from the word chyma (“fluid”), derived from the verb chein, meaning “to pour.” With Bitcoin approaching extremely chaotic potential top of bubble swings / volatility and Not yet launched on the CME which will enable short positions with firm counter-parties to enter the picture the True Bitcoin.... and with all the Forks / split offs of Bitcoin will be difficult to determine.. is it possible that Bitcoin, which is not regulated by any global monetary authority never actually makes it to getting listed on any exchange? The CME is talking of a Dec 11th launch, however it's very murky. This is huge 85% of Bitcoin volume occurs on 1906 style buck shop futures exchanges of which there are so many that when I talk with my contacts and friends who are engaged in the subterfuge they go from bittex.com to bitmex.com to many other exchanges that are trading futures on BTC. Exchanges that are privately owned and whose bid ask spreads are huge and who's price data is readily manipulated. That then leads us to the 1265 other cryptocurrencies and Initial coin offerings that are again this grade D- financial alchemy by aggressive pool operators and manipulators. There is obviously a huge shake out coming there even if the CME gets a Bitcoin futures contract specs specified and then agreed upon and thenactual CFTC regulated trading begins.. more than half of people who believe they own Bitcoin or parts of it will find out it was with a Bernie Madoff type firm. With it being the season of the Witch burning aka.... the paranoia of the Sex purges where much of the media establishment is being removed in a scare that is as massive as the Red scare of McCarthyism of the 1950's.All involved and those of us who know, understand this is a cycle playing out and it's the natural result of the Jan 21st 1 million woman march in Washington DC by the women in their pink knit caps. (Charlie Rose is a best of breed interviewer, from those that watched his PBS shows and his other detailed, thoughtful, erudite work) Woman have abused power, relationships, engaged in provocative behavior every bit as Provocative as men. There have been innumerable Female bosses who have conducted themselves with non - exemplary behavior of all manner. I have personally witnessed it. Women make sexual advances on women all the time and so many of them like and some do not. Millions of Men and women have sexually approached younger people of the SAME sex and OPPOSITE sex since before the written era of time. Who are we kidding, our society of Free love of the 1967 into the 1980's were huge advocates of breaking all the old "square" establishment rules of the totalitarian, don't think for your self generation of the 1950's Red Communist hysteria in America.. Senator Joseph McCarthy went to ultra unethical extremes in his zeal for power. The Senate Tax bill -- total wild card. -- A huge impact based on total political backroom deals. General Flynn today ---- a massive wild card.... it could truly corrupt the DJT presidency. and as I have written On Silicon Investor .. we have seen an 18 month period of short term funding costs going up globally... everyone with a funding costs is impacted by this....more broadly everyone with cash flow is impacted even if many do not realize it. We are late in the cycle I have written for several months regarding the smart money and wise money distributing non secured assets and looking for more secure debt assets and senior debt of companies. We have the highest equity valuations by many metrics since our previous topping windows and this in a time of a super compressed flattened yield curve and we are 15 months into a 36 year global secular increase in interest rates, This upward move in rates,compresses P/E ratio's and compresses other metrics by which equities are valued... still the process of distribution is a very long one and as my Mentor and extremely wise Jesuit trained boss at Citi Sydney would always say the market almost always gives you a second chance. It may not be a big window of time for the second chance .... and it works both ways but the market does normally give us a second chance. my very best regards, John