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I realized that last night. Seems crypto has a tendency to take major hits lately on Thursday night before expiration Friday. Assume by monday it will be stabilized again.

Well, 5 am here, and why am I still watching heat-maps instead of reading Nassim Taleb? https://www.coinglass.com/LiquidationData The last 12 hours alone hit over half a billion in crypto liquidations. What's interesting, is there are a few SHORTS getting rekt too, not just the longs...

It just occurred to me that we are going into expiration Friday... in a few hours. Oh look, BTC now in 38K range...

It's ok guys. As soon as all the longs either close out at a loss, or get liquidated, the Fed will announce they will hold off tapering until 2024...

Alright, took a break to play some Civilization IV. I come back half-expecting for the dead-cat bounce... instead ETH is in 2800 territory. Still seems like yesterday when I saw it at 4300. How fast time (crypto) flys. Funny thing, I just heard a super-bullish podcast that projected BTC can...

Damn, BTC just touched back up to 40K, Dominance % increased... looks like people rotating out of shit-coins and into BTC.

Bitcoin will go to $100K before eoy and all of cryptos will be pumping hard!! I very much doubt that, even more so than when Andre J insisted that Bitcoin would reach 100K by end of 2021. Now he claims the same prediction for 2022. And to think some maxis were insisting BTC would be at 1...

ETH was just touching 3K border for so long tonight... finally it broke through. BTC right now finally went under $40K barrier and in free-fall.

Look on the bright side of ARKK... they missed out on their opportunity to lever up on Theranos. Imagine how much worse that would have been. :) This is why America still needs PRIVATE equity. Protect the other low IQs on the public markets.

Debating on who is worse... Elizabeth Holmes or Pharma Bro. Funny, both were in a pharma related field....

I don't know, I read the whole Mark Douglass book and remembered it being boring as hell and one I'll never re-read again. Just a bunch of common sense stuff, and worse. That said, how are these people hosting these books on youtube and not getting yanked for copyright violations?

She's got a long way to fall yet... ps - Thank you Peter for doing your due-diligence, something that is lacking on TikTok.

Wendy's is on my shit-list of things to avoid. Just about everyone who studies financials I've come across used to tell me to avoid it. IIRC they also had some serious debt issues. But personally, when people think of going to a fast-food joint, it's usually either McDonalds, or BK. Very rarely...

Anyhow, I am done the book. Definitely worth a read through for anyone who has time on their hands. Even if you don't believe in the full predictions, there is still some educational stuff of value in there for those wishing for some more in-depth knowledge on economics, etc. If I find a copy...

My 2-fiat cents of cliff-notes: With interest rates going up we have the following scenario. Players who borrowed (which is just about everyone) must reduce equity holdings. Certain players will naturally rotate some of their stocks into bonds again. Players must anticipate the above two...

I'm going to go against the grain here. To me, this whole head&shoulders stuff fits right into the same analogy as trying to read tea-leaves in order to plan a battle. Which pretty much is almost as bad as using bird-signs.

Careful, I remember Mark Longo telling me once that Netflix was known as a Widow maker to floor-traders. Then again, that was quite some while back.

Both KFC and Taco Bell are coming out with fake meat products... Funny thing is, people claim their current meat already is fake. I guess that wont be much a change/challenge :) I'm curious why you went for YUM over ticker QSR? QSR includes BurgerKing, and many others. I was actually looking...

#1 rule that has saved me the most $ and head-aches, is (when in doubt, do nothing). That said, for those wanting to cut & run, I can't blame you. But remember, there is a legit possibility Fed may be forced to follow Europe into negative interest rates. Then you miss out on a 4x rally...

Well Holy bull-run gone bull-shit Batman. She hit another record low for today. The bagholders watched at market-close down to... Drumroll please.... $13.89 But don't you worry kids... there's still after-hours trading going on! With AARK down on massive losses as of late, perhaps it's...