Another Bubble Kicks off with the Plague (Bumps Ahead)
Disclaimer: I'm not giving yall advice. I just believe this is the next year in a nutshell: be safe and shame the people who hoard resources.
Major points of interest: Dot Com Bubble, Housing Bubble, ETF Bubble.
Fib retrace indicates massive greed during the current administration. They really wanted to push this thing to 3.6 and now it's plummeting to hell. I'm disappointed and not surprised.
I'm mostly going off of Dr. Michael Burry's intuition and public statements. A good point of argument for stocks to suffer sustained hits are due to disruptions in global supply chains. We are all familiar with the danger we've only recently discovered. Many traders will take losses here, but this is a bearish cycle for the indexes and other markets.
A word to crypto. Bitcoin is no stranger to stupid forks and FUD, this is no different than yesterday's news in that sphere. However the key distinction is bitcoin's dollar price is extremely volatile so a lot of investors are liquidating their riskiest assets. Consider this still a good year for bitcoin miners and the dip gods.
Major points of interest: Dot Com Bubble, Housing Bubble, ETF Bubble.
Fib retrace indicates massive greed during the current administration. They really wanted to push this thing to 3.6 and now it's plummeting to hell. I'm disappointed and not surprised.
I'm mostly going off of Dr. Michael Burry's intuition and public statements. A good point of argument for stocks to suffer sustained hits are due to disruptions in global supply chains. We are all familiar with the danger we've only recently discovered. Many traders will take losses here, but this is a bearish cycle for the indexes and other markets.
A word to crypto. Bitcoin is no stranger to stupid forks and FUD, this is no different than yesterday's news in that sphere. However the key distinction is bitcoin's dollar price is extremely volatile so a lot of investors are liquidating their riskiest assets. Consider this still a good year for bitcoin miners and the dip gods.
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