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MP - compare them at the next ath.
Yep, it finally caught up. MARA and RIOT up post-market 2-3%, i assume because of BTC climbing above $37k but could also be because Apple blew away expectations so all growth is getting a little boost.
Duals at the bread aisle in Aldi??
DUAL- consisting of two parts or elements.
DUEL- a contest with deadly weapons between two parties in order to settle a contest.
Certainly a few posters on here with DUAL personalities, flip-flopping their view in order to suit their current position.
Just seen the current MARA sp. OUCH.
"We may well see duals to the death at the bread aisle in Aldi CT."
That may be so. More likely we'll see a bunch of companies downgrading earings massively; I worry about bitcoin miners, unless they have very long-term power agreements. Expect electricity prices to double or triple for companies; maybe higher.
Another tech and BTC sell off.
Good job the FTSE closes at 4.30pm
We may well see duals to the death at the bread aisle in Aldi CT.
Thank you for the comments, view.
@FX_Wizard: "my own view is that they won't be meaningful as it will kill the economic recovery stone dead. I think inflation numbers will start to soften after April"
There's no way they can increase rates by much. The USA owes $30t, so if rates were to rise to 3.33%, the annual interest bill would be $1t, which the USA can't afford. Conclusion: interest rates will not rise to 3.33%. It's that simple. The Fed will no doubt raise rates a little bit and pretend to be serious about inflation, but there's only one direction for inflation. *the* strategy is to inflate away the debt. That's the only way they can repay it.
Aybody who thinks that inflation will soon moderate needs to look at the coming effects of oil and gas prices. They will drive up the electricity price very dramatically, which will impact every business - very dramatically. That will cause prices to rise, which will cause more inflation. It's only just starting. No way is it going to moderate by April. In 1y from now, electricity prices in the UK, will have doubled. It's a similar situation in most countries.
Bill Ackman you say! A great dude but when they wrong they get it wrong big and double down
Valeant pharma anyone……
https://www.reuters.com/article/us-valeant-ackman-idUSKBN17035U
BTC. There've been some nice setups for day traders (I'm not), but I don't see anything to suggest that the downward trend has reversed. At the moment, it's still a falling tide. Looking at the individual waves crashing onto the beach doesn't say anything about the direction that most of the water is flowing - OUT.
I'm surprised it didn't get to 40,000, BTC went crazy yesterday after close, never seen such volumes lol, I really was expecting it to get above $40,000. May be investors are staying away, thinking it's a dead cat bounce, I don't think so. With all the hype in the media, I can tell this is getting ready to explode, we will soon find out. imho DYOR
Hi Off-piste - hope all is well. Yes - the Fed has to maintain stable prices, that is their mandate. In saying that, the Fed cannot raise rates sufficiently unless they have meaningful growth.
If inflation is circa 7%, essentially to avoid negative real rates we would need to see an uplift greater than that.
No doubt interesting, and both sides of the market have a view, I think most of us think rates will be coming, but ultimately ... my own view is that they won't be meaningful as it will kill the economic recovery stone dead.
I think inflation numbers will start to soften after April, Jerome Powell left himself some headroom yesterday, and remained somewhat opaque I feel as has trying to find balance and hope by the time March comes some heat is out of the market, OR at least inflationary pressures may have subsided.
GL
The FED has to maintain stable prices and currently it isn't. Tech's higher earnings could be bad news in that sense. They will increase rates in March but one of the Q's in the Q&A asked about a potentially higher than expected rise which he didn't rule out. So there will be a rate hike but no one knows how much. 0.1, 0.5%? Inflation pressures are still filtering through too so it's not transitory either. The over inflated no profit making tech firms have already lost up to 90% of their ath the rest of the market has the potential to follow, perhaps not as far but drop nevertheless. BTC not being immune.
Sp should be moving on up with BTC however doesn’t appear to be correlating. Must be sellers..and a lot. BTC looks strong though. Base camp has been found. IK might want to cancel that short pal.
It’s not the apple’s and Microsoft’s that are the problem. It’s all the over valued jam tomorrow tech that shot up during the pandemic.
Thank you for your kind words and very interesting link. I’ve always admired Bill Ackman’s IQ - a quite brilliant brain, and kind of underrated imo. It amuses me that there’s another Carl Icahn link, though. Sometimes I think they will troll each other until the end of time.
I do like your comments AdeleK.
Bill Ackman sees value, must think rates have overcooked.
https://www.zerohedge.com/markets/ackman-buys-31-million-netflix-shares-125-billion-profit-massive-treasury-short
“I’ll stick my neck out and suggest we won’t see $40k for a while. $38-39 now confirmed resistance and the FED meeting results has made me think BTC will actually drop harder and quicker than originally thought.”
No denial of resistance for now but if you focus on what Powell was really saying it was that the Fed would have more meetings to discuss rates and tapering, after which they will have more meetings… the Q&A was hilarious. It was less Powell Pivot and more Powell “all things to all men”. This is classic Powell, but the 2022 version. He played it very well to be fair.
The market is somewhat confused but tech earnings are seem to be outperforming value so far - and most on both sides are beating expectations - importantly, earnings + guidance are better than feared. The worst case scenario is now looking overcooked (as I and some others predicted it would be - all priced in, and some, hence why we oversold growth).
That’s why RIOT and MARA are up pre-market, my fave tech stocks are climbing before the open, US tech ETFs are being bought by ii’s this morning and the NASDAQ is higher pre-market than the DJIA and S&P, but all just about green.
Unless things decline before the bell, I think the ii’s are going to start buying more tech stocks, which will increase if earnings and guidance continue to (mostly) impress, and this is all good for BTC = good for Argo Blockchain. That isn’t to say the headwinds have gone away otherwise we’d see BTC above $40k already and NASDAQ futures above 15000, but I get the impression ii’s are less bearish than a few days and weeks ago. Unless Apple seriously disappoints tonight things are looking up already… early days, though, and certainly no time for bulls to open the bubbly.
I’ll stick my neck out and suggest we won’t see $40k for a while. $38-39 now confirmed resistance and the FED meeting results has made me think BTC will actually drop harder and quicker than originally thought.
guaranteed? ok nostredamus.
Keep ramping it lol
30k before 45k guaranteed
Correction, i'll revise my guesstimate, BTC is already at $38,714. I'm guessing it will be at 42,000 at least by the morning. Happy happy days.
...my guesstimate. Huge buying volume.
It's going to be a long night again. I'll have to count my profits to put me to sleep again. Whilst i'm counting my profits, insiderknowledge can learn how to count lol.
Good Luck all.