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Yeah that's a problem in all resource countries. It's too easy to rest on exporting natural resources and not really develop any other industry. I think even Canada has that problem to an extent. What is the largest sector after natural resources in Australia? I think US was like that before...

I was always fascinated with Elliot Wave analysis but the thing I never understood was how do you differentiate between a bear market and a 10-20% correction within a bull market. Seems like magnitude is the difference. Another problem is the endless Fed put since the days of the Asian Real...

My guess is JPow and crew will just stop raising rates pretty soon. They already know what happens at 3.25% on the 10-year bond (see the carnage in December 2018 -- 17% drop in 3 weeks). The western economies are all addicted to ZIRP. That's the only way these zombie companies can survive...

An amazing comeback starting at 0220 CST (Chicago, US) for BRR (Bitcoin Futures). So far it is up about 12% since the 25350 low. It also means there are still knife catchers for bitcoin which means the bottom isn't in yet. 12.4K is my prediction (18% of 69K).

The real problem is higher rates for longer means more pain for the infinite P/E stocks that she owns. ARKK is one of the few ETFs with no listed P/E which explains its -10% today. SARK outperformed the SQQQ which is amazing considering SQQQ is -3X QQQ. It still sells for 7X sales in aggregate...

I've noticed in the last leg down VIX doesn't always go up when the SPX is coming down. I wish there were some retail ETNs based on the VXN since its really the Nasdaq that is the eye of the storm in this collapse.

Yeah he's kind of an annoying loud mouth but he is pretty good and definitely not a permabull. You forgot to mention he also bought Roblox like in the $50s and its already dropped 50%. I liked Rithholtz a lot better. I remember reading Ritholtz's blog during the GFC. I learned a lot about the...

Looks like ABC aka Disney is on the Biden payroll -- no surprise. Core inflation was actually higher which is why QQQ barfed so badly. It went from +1% to -3% in 8 hours after the report. I still don't understand the optimism of the NQ traders but I remember how optimistic Wall Street cronies...

Yeah that makes sense. Saylor should just spin off the BTC portfolio as closed end fund and let MSTR go to its correct valuation.

I thought I read somewhere that last 2 bear markets in BTC lead to a 82% drop so that translates into 69000*0.18 = 12,420 bottom. That's another 55-60% drop from 29K. Will Saylor & MSTR still be around then? I don't understand why he doesn't just buy deep OTM puts on BITO.

Strange reaction to another terrible CPI number. I don't see why anyone would be buying the NQ. The amount of infinite P/E companies are numerous. The industries that analysts still love like cloud software & cyber security are all trading at 50-inifinty P/E. Even Palo Alto Networks the darling...

He should have bought Silvergate with MSTR stock when the Reddit lunatics pushed his stock $1300+. Microstrategy's core business is dying and they are overvalued with a $50M EDITDA vs. a $2.6B valuation. I mean they sell at 5X revenue and 52X EBITDA. Unless deflation comes back soon this will...

Unless the CPI comes in less than 8.1% it will only go higher. I think that most of the move in April & May was the Yen collapse but it seems to have stabilized at 130-131 level. I am still amazed that the BOJ still believes that inflation is "transitory" -- looks like that's where JPow learned...

I've never seen a company go from market darling to pariah as quickly as Peloton. Down a mere 92% in 16 months. Amazing. Now I hear they want to dump their hardware and become a software only company.

It has good management. They will survive. I bought it at the IPO I think around $25-30 and sold most of it around the $200-$300 area. The founder & CEO was the guy in charge of creating the streaming technology at Netflix so he's pretty smart.

I think only the Canadian Royalty Trusts and the US MLPs have them. I used to own a lot of those but they were a pain to fill out every box correctly. I sold them all and bought an ETF that actually handles it themselves. The stupidest thing was most of the K1s came after the April 15 deadline...

The only people who don't believe its a bubble are recent homeowners & housing shills who come on bubble vision to say "now is the best time to buy!" I'm sure its perfectly normal for houses to sell for 50-60% above the asking price like what I see here in the SF bay area. Its so bad in LA that...

The Nasdaq is pretty scary. There is no sustained bounce on this thing. Looks to me like December 2018 redux, when it fell 17% in the first 3 weeks. I doubt JPow has the stomach for that kind of collapse. On Christmas Eve 2018 he reversed course and decide to cut rates again.

Amazing ARKK is down 21.5% in the last 3 trading days. The QQQ is down 9.7% in the same time. I wonder how difficult is to short TARK (2X ARKK).

QQQ down 10% and Bitcoin May 2022 Futures (BRR) is down 25% in the last 3 trading days. So in line with the 2-3X QQQ performance continues. Interesting that ETH futures are only down 22% -- maybe NFT adds value for Ethereum.