The Bitcoin bubble is second only to the Tulip bubble. The current digital currency bubble is the second biggest bubble in recorded history.
Bitcoin is turning into the mother of all Ponzi Schemes. Below are the criteria that make Bitcoin a Ponzi Scheme:
– It has no intrinsic value. A few merchants might exchange low priced goods for Bitcoins because when the value crashes, they might only be out a pizza, or a gift card. Few if any are exchanging Bitcoins for big ticket items like computers, cars, or houses. The reason is that when Bitcoin crashes, people can handle being out a pizza or a gift card. But no one wants to accept a 30 year house loan paid with Bitcoins to maturity. If Bitcoin crashes and goes worthless, who wants to be out an entire house? Bitcoin’s main value is that someone, somewhere, chased it higher and is therefore a greater fool than someone else who bought lower. The catalyst for Bitcoin is the greater fool whose rational thinking was overcome by greed.
Continue reading “Bitcoin Ponzi Scheme Bubble Fueled By Standpoint Research Price Target Hike”
The weekly Saturday night financial show attempts to predict market direction for the week ahead by looking at a variety of technical and fundamental indicators.
Last Monday, Janet Yellen said that she will leave the Federal Reserve after her successor Jerome Powell takes over in February of 2018. This will give President Trump four seats to fill on the Fed’s board of governors.
Yes! Good move by President Trump. There’s no reason to keep Obama appointees in place anywhere within the US government.
Continue reading “Saturday Show For Week of November 27 2017”
With Q3 earnings season in the rear-view mirror, we can now say that earnings growth is slowing. Over the last 4 quarters we have growth rates of: 2.1%, 6.5%, 6.5%, and 4.1%.
Continue reading “Earnings Growth Slowing As Interest Rates Rise”
Post Holdings stock has rising large players volume as the stock has pulled back over the last 6 weeks. This consumer staples company is a great seasonal play too.
Traders are front-running a December Federal Reserve rate hike.