Wednesday, 28 November 2018

Bitcoin: Everybody Gets What They Want

"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money." - Ed Seykota
Because someone has to say it: Bitcoin and all its securitized mutations are designed to facilitate the transfer of capital from less intelligent people to more intelligent people. None Left Behind policy means this transaction can be done in less than one ten-thousandth of a bitcoin.

Below: Annual relative performance for some of the more popular bitcoin derivatives: BTC, GBTC, BCII, LBCC, LFIN

Monday, 26 November 2018

6 Near-Term Bullish Catalysts for Stocks

Ten days ago, I couldn't think of one near-term bullish catalyst for stocks.

Today, I can think of six:

1. Backdrop of general hollow ambience. [no good news, no bad news, not much new news at all.]

2. Santa Claus rally.

3. An easier, more Dovish, Fed.

4. Frequency of anti-prez headlines makes unexpected return after the holiday weekend.

5. Frequency of Eamon Jabbers appearances on CNBC.

6. Stocks closed up for the month 17 of last 20 Decembers.

Potential confirming catalyst: Several intra-day Nike Checks as evidence of near-term bull rush — sponsored by peppered short squeezes.

Could be enough force to push stocks within range of ATHs before year end. IMO, that will mark the end of the ten-year bull run.

October's Nikkei Short (NKD)

Sunday, 25 November 2018

Friday, 23 November 2018