Sweet baby Jesus.
Of ALL the times to get sick. I’m in bed at this very moment. They might as well pick out a grave plot in the back yard next to one of my past dogs. Why couldn’t they have this stupid Covid attack me on on, let’s say, the Friday before Juneteenth? I know I would have missed the celebrations and parties on Monday, but still, to be so sick I can barely stand on one promises to be an amazing trading day sucks out loud.
I haven’t shut up about the Animal Spirits, and just like everything that’s dribbled out of my mouth in the year 2022, this has been spot-on. The fact the crypto ecosystems is into its next leg of failure is great. The moment BTC gave up $20,000, it was off the races. I’ve got my eyes on about $14,000 or so for this leg.
Of course, this means that Michael Saylor (more specifically, MicroStrategy) is going to have another wretched day to augment his TEN FIGURE LOSS in Bitcoin. What does he have to say about his investors getting wiped out like this?
Yeah, real cute Mike. Be glad your investors aren’t in a room with you.
As the entire crypto spaces collapses, the #2 coin Ethereum is joining the party as well, heading toward triple digits
And the guy who was trotting out charts last year with assurances that Ethereum would be over $8,000 by the end of 2021 has this to say about the situation……..
So, great. Now that you’ve seduced the world into following this lunacy, you want to chit-chat about eating at the high-end restaurants that they revenue has afforded you. Peachy.
Thus, /ES followed right in line; the moment support failed, it was bombs away.
You can see that the Federal Reserve is desperately buying up contracts to stem the tide, but my view is that it’s just going to be a repeat of what happened last time (see earlier arrow).
I’m going to shove a broom handle up my ass to keep myself upright so I can work during trading hours. Good luck to Slopers today, and thank you again for the tidal wave of nice emails and tweets wishing me well.
