Thinning the Herd

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With the /ES up 0.04% and the /RTY up 0.01% as I am typing these words, the equity futures markets don’t exactly scream out for conversation. While we wait for something – – anything! – – to happen, let’s take a breath and consider Bitcoin, which is worth precisely one-third what it was a couple of years ago.

I never realized just how many celebrities were pushing this junk. You can check out the timetable below, which you can click for easier reading. Not surprisingly, the crowded scrum takes place in 2020 and 2021. After early 2022, the herd decidedly thins and dissipates into, well, you’ll see…………