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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (182999)1/21/2022 8:13:02 PM
From: THE ANT  Respond to of 217688
 
US banks are well capitalized and the fall will do wonders for income inequality. Rates will need to go up less in the long run. Let her rip (to the down side). Housing will follow. Things look good for Brazil. 20 year boom coming



To: TobagoJack who wrote (182999)1/23/2022 12:23:03 AM
From: sense1 Recommendation

Recommended By
Pogeu Mahone

  Read Replies (2) | Respond to of 217688
 
I think Monday will be interesting...

I note the "the trend is your friend until the end" crowd... are suddenly complaining about being friendless.

It does not feel to me like "its over" rather than "beginning"... and the only capitulation I see is that of the BTFD crowd surrendering to the end of the trend...

Bitcoin being bloodied over the weekend has the pundits squawking...



Crypto Is Getting Thrashed This Weekend

Bitcoin itself... I spent some time on with charting, today... guessing minimum of 18,000... and may not take too long to get there... but, down for another 7 to 10 months would be in keeping with prior history... and that would not be "the wheels coming off"... rather than only getting the tires rotated... as that's just the bottom of the long term upward channel its in. If its not just "a correction"... but the wheels coming off... 10k and 2.5K way-points... But, I'm not predicting "the end" for crypto now... rather than seeing it has none of the "store of value" or "digital gold" functions touted... Gold is gold... and its not digital.

They note MSTR seeking an SEC exemption from financial reality and being refused. I noted some months back that borrowing money to buy bitcoin was an unsound business plan... as bitcoin declining below the value that supports the debt with positive asset valuations... imposes failure.

It appears well on its way, now. My guess is... going to zero... as occurs with the "buy high, sell low" plan.