$COIN Coinbase not allowing me to withdraw USD from my account. Are they in trouble? Anyone else experiencing this issue?
$BTC.X What? No one is blaming Biden for this? Why not? Isn’t he every novice trader’s whipping boy? C’mon…the White House it some how responsible for every stupid mistake made by crypto losers…isn’t it? There must be some one out there that feels Biden is to blame for the SBF’s greed and dishonesty. FDX’s bankruptcy sounds like some sort of secret plot by the Democrat cabal of flesh eaters. No?
$SPY, $TSLA. Only a complete dilettante would believe the White House has any meaningful influence over the markets. The comments posted here squarely identify the amateurish thinking that leads to excessive valuations and subsequent bear markets. One might remind “L” that it was the Trump administration’s Treasury Dept. that dropped trillions in helicopter money on the economy. And it was Trump who pressured the Fed to not raise interest rates or run-off its balance sheet. Bear markets reserve a special place in hell for the naïve. Those who had the brains to do their homework saw the current bear market forming years ago. I wish I could say I was sympathetic for the simply pathetic…but I’m not.
$TSLA Blaming the 2-year administration in the White House for a structural correction of a market bubble inflated by more than a decade of Fed stimulus is lunacy. Look instead to the loose cannon who runs the company and owns most of its shares. Musk Ox dumped $8G of $TSLA with zero concern for the shareholder. What responsible corporate leader screws the shareholders like that? $TSLA likely to fall below present value $520.00
$SPY Every generation gets its bear market. This one is yours. When the markets (equity, bond, crypto, real estate) resemble a casino…it’s time to exit. There is at least 30% to 50% more downside to come. If you think you might recover from your current losses , stick around and watch the NASDAQ fall below 8,000 and the S&P fall below 2,200. The real B.S. comes from the Wall Street brokers who keep telling you to hang in there for the long-term. Do yourself a favor and cut your losses now. Or stick around for a bottom and it will take years to recover your balance.
$SPY $QQQ The White House has no control and little influence on the stock markets. And the markets don’t care what your name is or who you voted for in the last election. After more than a decade of the Fed “juicing” the markets with cheap credit, this bear market was long overdue. Over the past 40 years the average ratio of total market capitalization to GDP has been 89%. It is presently 157%. The markets are still exceptionally overvalued. Look for equities to drop another 40-50% in the coming months.
$SPY The rampant speculations of political machinations at work in the markets speaks volumes about the naïveté of the current generation of retail traders presently getting burned in this thread. The markets don’t care what your name is or who you voted for. Inability to understand economic distortions caused by more than a decade of stimulus and QE doesn’t excuse anyone from making poor decisions. It took more than two years for the markets to bottom in the wake of the “tech bubble”. Expect the current “credit bubble” to take many months, perhaps years, to rebalance.
If you’re get your investment insights and knowledge from a discussion forum on a phone app or some dum ass sitting on a bar stool, you must be a real savvy investor. Sure...go ahead “stick it to the man” and buy more $GME, $AMC, or any of the myriad of near valueless companies....they seem like a real bargain. Let us know how that works out for you.