This story is the last in a series on stock market crashes. Part I is here, Part II is here Part III is here. You may think that the pandemic did enormous damage to the US (and world) economy, but the NASDAQ index says otherwise. Shutdowns of service industries for months because of lockdowns? Nothing to worry about. Disruptions in the… Read More »
(Note: Part I is here, Part II is here) It’s no coincidence that the stock market crash oftentimes signals the “end of an era.” In the roaring twenties, the big boys of the Dow were trains, utilities and mineral exploration companies. By the late thirties, car and plane companies took the stage. “Tech” also started to make its appearance as… Read More »
(Note: Part I is here) There are two competing theories about the stock market. One is the efficient market theory.: everything is already fairly and accurately priced, and any movement in price reflects new information being released to the market. And then there is chaos theory, which simply put, is the observation that complex systems suddenly bite you in the butt… Read More »
Who still has money left in the market? I don’t have much anymore. I bought some crypto at the beginning of February. This month is usually good for crypto. But Putin put an end to that. I don’t play the chart, I play the calendar. And March is traditionally bad. And history doesn’t repeat, but it rhymes. Most… Read More »
After the disaster of May and June, when the price of Bitcoin dropped 50% (and some altcoins dropped 80%), everybody breathed a sign of relief when we rallied in the summer. Bitcoin is only 13% off its all-time high. Ethereum is less than 5% off its ATH. Too bad September is historically the worst month of the… Read More »
By the way, full disclosure, I pretty much sold everything and I’m about 90% in cash. Here is the bulletin to my premium subscribers on August 2nd. And another bulletin on August 4th. Whenever I mention in the blog that I have a paid service, I’m supposed to ask for the sale and see if anybody wants to… Read More »
