Where's the resistance? I mean, honestly, US blue chips are up 5% last 3 weeks....Bit is down 20%Unbelievable the decrease in value in just one year. Do you foresee it going back up over the next year or continuing to decline?
Be careful. I'd bet half the actual users are in this for the anonymous factor/ black market.I may BUY around Xmas eve. Those that don't want to hand in personal info will have already cashed out by December 1st. Other peeps may have already sold to pay for their Xmas or rushed to judgement after the December 1st drop and just want to get out. We see the hysteria all the time when things don't hold their value short-term. I think that will be an excellent time to buy low. Might not be the lowest but I will feel comfortable making that time a solid start point for investment.
6-9 months ago my guess would have been 8-9K after December 1st. I still will be shocked if over 10K by XmasBe careful. I'd bet half the actual users are in this for the anonymous factor/ black market.
I would not be surprised to see 12500 by Xmas at this point
Easy there- the election is one thing but if you've been following my focus on the Fed- they don't have any buyers for their debt.it a wait and see for me at this pt, buying xmi calls here now as with the big push by rep winners tonite imo, it time for the blue chips to rise, plus next week on the 15th will be another push with the big news from Trump
Minny, you seem to be making s#it up now. My niece from Wharton never was bullish. She just explained how inflation was not a "Biden" issue, its a worldwide issue. Stop making stuff up.Easy there- the election is one thing but if you've been following my focus on the Fed- they don't have any buyers for their debt.
Looking for borderline humiliation from the Fed regarding losses and bond sakes to Asian buyers. I think both will be bad and there's the start of the global recession.
This was the jist of my argument w Tanko/ his friend from Wharton, who is bullish, yet I'd hold back....these are EXECUTIVE branch issues, the election cannot undo Biden and just how fukking bad he is and will continue to be.