It’s been quite a good day so far. Here are five charts (one year daily candlesticks) from my Bear Pen which are behaving themselves particularly well today.
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It’s been quite a good day so far. Here are five charts (one year daily candlesticks) from my Bear Pen which are behaving themselves particularly well today.
Have you ever noticed that 100% of all frauds come from bulls? Every single time. It’s their mindset. They have no scruples to speak of. Their only ethos is to separate you from your cash. Look at all the come-on artists, the hucksters, the financial gurus – – bulls, every single one of them.
This isn’t confined to equity fraud, of course. Whether you’re talking about Charlie Javice, Samuel Bankman-Fried, or Adam Neumann, they’re all cut from the same cloth (and fabric). Start-ups, crypto con jobs, fishy businesses. 100% bull flesh. It’s despicable.
It’s heartening, therefore, to see the biggest nonsense of them all – – the entire crypto space – – resume its God-given demise. Bitcoin has broken support.
(more…)People never, ever learn. Ever. Look what was happening just a week ago: the media falling all over themselves, touting the hottest new thing, a brokerage from China (which I’m sure is totally on the up-and-up, what with Chinese business standards and all):
(more…)If I was more on-the-ball, I’d have bought puts on TSLA first thing this morning. Its price action was utterly predictable, because a big piece of news had sent the stock flying higher yesterday evening, and that carried through to this morning. The result? A nearly to-the-penny gap fill.
(more…)I continue to dip my toe into the A.I. waters, but honest to God, I’ve yet to be really impressed. My latest exploration was in generative video. Per the website’s instructions, I came up with a script, and I let the super-powerful AI brain do the rest. The results are unexpectedly comic.