He's warning everyone again about the collapse, but NO ONE IS LISTENING!

[S2007S]

Quite possible, 25% would be pretty bad.

After the insane straight mt Everest climb in all indexes, a 25% drop would feel like a complete collapse and would probably feel like a depression to most....it would have huge psychological effects on most new traders, however the talking pundits are not even calling for an inkling of a pullback.

 

[S2007S]

Tesla....Elon Musk....US tech icons. Instrumental in US space program and roll out of 5G from space and other infrastructure.

...thus, 'they' make sure Tesla is pumped.... Nothing which happens in the markets has any bearing on reality, incase nobody had noticed.

.....and look at Musk's roll in propping up Bitcoin at $30K, and then pumping it yet higher.

It is all a show/fix.

Heard today that tesla made $1 billion on their initial bitcoin investment, what like 3 weeks ago or so....this entity market is in lalalala land.

 

[RedDuke]

Been talking about that for a couple of years now why the only reason tesla is where they are right this second is only because the government tax incentives and also the ev credits that has inflated their earnings to the stratosphere. Strip those out and tesla would be trading 93% lower. I would not be surprised if it loses half its value in the next 12-24 months.

You are very modest, even if it looses 90 percent (it lost about 20 from peak so far), it still would be one of the biggest car makers based on capitalization. What has happened is pure madness. At height share price was $4,500 (that is before the split of course).

 

[DrCornwallis]

After the insane straight mt Everest climb in all indexes, a 25% drop would feel like a complete collapse and would probably feel like a depression to most....it would have huge psychological effects on most new traders, however the talking pundits are not even calling for an inkling of a pullback.

$33K on the Dow, and then a considerable pull-back...and then we will see.

Western World comes out of enforced Lockdown over a Chinese lab created variant of the seasonal flu....furlough/stimulus cheques stop, many businesses go under....many smaller businesses find peoples habits have shifted yet further towards online and big box retailers....big ramp in official unemployed....what happens next? (genuine question, I have no idea)

 

[DrCornwallis]

Heard today that tesla made $1 billion on their initial bitcoin investment, what like 3 weeks ago or so....this entity market is in lalalala land.

To claim that $Billion profit, Tesla would have to dump around 30K Bitcoin into the market. Ya reckon there is enough raw purchasing power to absorb that?

Bitcoin is a very shallow market....hence the extreme volatility.

 

[RedDuke]

To claim that $Billion profit, Tesla would have to dump around 30K Bitcoin into the market. Ya reckon there is enough raw purchasing power to absorb that?

Bitcoin is a very shallow market....hence the extreme volatility.

they can sell any volume for tethers.

 

[DrCornwallis]

they can sell any volume for tethers.

Oh yeah..I forgot about that little source of UNLIMITED buying power.

 

[S2007S]

To claim that $Billion profit, Tesla would have to dump around 30K Bitcoin into the market. Ya reckon there is enough raw purchasing power to absorb that?

Bitcoin is a very shallow market....hence the extreme volatility.

If they drop every $1.5 billion of bitcoin they bought bitcowould drop 50% in a matter of minutes.

 

[maxinger]

He's warning everyone again about the collapse, but we are not listening because we only focus on our charts.

 

[TrailerParkTed]

Doesn't answer the question does it? How is anyone surprised that "fiscal conservative" hawks would be socialist hypocrites and would do a 180 once the house & presidency flipped?

Rush Limbo
Caller: In 2019, there's gonna be a $1 trillion deficit. Trump doesn't really care about that. He's not really a fiscal conservative. We have to acknowledge that Trump has been cruelly used.

Limbaugh: “Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it's been around”.