Stock Market is ROCKING

[smokingman]

The hardest asset ever is now bitcoin.

https://www.ccn.com/news/jack-mallers-bitcoin-the-hardest-money-ever-btc-scarcity-beats-gold/#:~:text=2%20min%20read-,Jack%20Mallers%20Calls%20Bitcoin%20the%20%E2%80%9CHardest%20Money%20Ever%2C%E2%80%9D,Says%20BTC%20Scarcity%20Beats%20Gold&text=Jack%20Mallers%20founded%20the%20Bitcoin,the%20%E2%80%9Chardest%20money%20ever.%E2%80%9D

Bitcoin is going to over take the market cap of silver this month.

Assets ranked by Market Cap - CompaniesMarketCap.com

Ranking the world's top assets by market cap, including precious metals, public companies, cryptocurrencies, ETFs

companiesmarketcap.com

A hard asset
1. A physical asset with intrinsic value that can be used to produce or purchase other goods or services.

Bitcoin is not a hard asset and never will be. A log is a hard asset. A chunk of iron ore is a hard asset. Nothing digital will ever be a hard asset. The idea it can be is an illusion they try to convince you is real, while those who understand control actual hard assets.

 

[smokingman]

I don’t understand why the stock market keeps rising so much with this terrible economy.

I’m not complaining though, because my 401 is making a killing right now, but whenever there’s an upside, there’s usually a downside as well.

As John Authers pointed out:

“For much of the last decade, companies buying their own shares have accounted for all net purchases. The total amount of stock bought back by companies since the 2008 crisis even exceeds the Federal Reserve’s spending on buying bonds over the same period as part of quantitative easing. Both pushed up asset prices.”

In other words, between the Federal Reserve injecting massive liquidity into the financial markets and corporations buying back their shares, there have been no other real buyers in the market.

Blackout Of Buybacks Threatens Bullish Run | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Tombs]

The hardest asset ever is now bitcoin.

https://www.ccn.com/news/jack-mallers-bitcoin-the-hardest-money-ever-btc-scarcity-beats-gold/#:~:text=2%20min%20read-,Jack%20Mallers%20Calls%20Bitcoin%20the%20%E2%80%9CHardest%20Money%20Ever%2C%E2%80%9D,Says%20BTC%20Scarcity%20Beats%20Gold&text=Jack%20Mallers%20founded%20the%20Bitcoin,the%20%E2%80%9Chardest%20money%20ever.%E2%80%9D

Bitcoin is going to over take the market cap of silver this month.

Assets ranked by Market Cap - CompaniesMarketCap.com

Ranking the world's top assets by market cap, including precious metals, public companies, cryptocurrencies, ETFs

companiesmarketcap.com

I disagree with this entirely. If the market completely caves, I believe bitcoin will be a very early casualty.

Hard assets, in the context of what I was describing, would be property/homes/essential wealth generating tools etc.

 

[rbhargan]

Rule number one - no one knows what the future holds. Not the market, not interest rates.

The short trend is that interest rates are going up (as is inflation).

Looking forward to picking up some 5 year TIPS at auction next month - hopefully at 2%+ real.

Not sure what the next few years hold, but I expect a bumpy ride. Buckle up.

 

[blain]

I'm 70 and just don't worry about investing anymore. CDs is all I do

Where's your casino spirit, not even bitcoin?
So you're saying you're satisfied with 5ish % return on some of the most risk-free investments there are?
At this stage in your life, you don't need market average returns, with the associated risks?

 

[indyblue]

I don't even have any high risk category in my portfolio, but I've not done too bad. It was even better during the Trump years. I needed to use some funds in '22 so it was a down year and the market wasn't great.

 

[Pepi]

Where's your casino spirit, not even bitcoin?
So you're saying you're satisfied with 5ish % return on some of the most risk-free investments there are?
At this stage in your life, you don't need market average returns, with the associated risks?

I did very well over the years and now I have all the money we need and I rest good at night. Gambling is not my thing

 

[bobzilla]

I don't even have any high risk category in my portfolio, but I've not done too bad. It was even better during the Trump years. I needed to use some funds in '22 so it was a down year and the market wasn't great.
View attachment 341230

One of ours is "medium risk" and returned 14% last year. In 21 it was idiotically high like 28%, but 2020 was harsher on it than the others. It's averaged around 11% since we started it in 08.

 

[rbhargan]

Found it interesting that today the head of the Federal Reserve Bank (The Fed), announced that there will be three interest rate cuts this year. That does not seem to be based on falling inflation (it isn't), so one can only assume the real reason is, "the economy sucks, it is an election year, and the Dems need all the help we can give them."

Wall Street is excited that they will be able to get cheap money from the Fed which they can then either use or loan out at higher rates. Wall Street has a sugar Daddy.

 

[NyleRN]

Wall Street is excited that they will be able to get cheap money from the Fed which they can then either use or loan out at higher rates. Wall Street has a sugar Daddy.

 

[smokingman]

Found it interesting that today the head of the Federal Reserve Bank (The Fed), announced that there will be three interest rate cuts this year. That does not seem to be based on falling inflation (it isn't), so one can only assume the real reason is, "the economy sucks, it is an election year, and the Dems need all the help we can give them."

Wall Street is excited that they will be able to get cheap money from the Fed which they can then either use or loan out at higher rates. Wall Street has a sugar Daddy.

I was hit by a truck today. It said Federal Reserve bank of NY on the side.

I was of course short(hedged) and had been doing rather well short. That ended when they announced QE few weeks ago, but I was still making a little. Then today. The dot plot I did very well during, then he spoke. Rates pale in comparison to him mentioning ending tightening, as every one assumed that means more QE and free money. Everything ripped but the federal reserve note. A few triggers later and I was down 12% on the day.

It was a very bad day for me. Before today my single largest loss day was around 8%. I made a few mistakes. Live and learn...throw the dice again.

 

[rbhargan]

I was hit by a truck today. It said Federal Reserve bank of NY on the side.

I was of course short(hedged) and had been doing rather well short. That ended when they announced QE few weeks ago, but I was still making a little. Then today. The dot plot I did very well during, then he spoke. Rates pale in comparison to him mentioning ending tightening, as every one assumed that means more QE and free money. Everything ripped but the federal reserve note. A few triggers later and I was down 12% on the day.

It was a very bad day for me. Before today my single largest loss day was around 8%. I made a few mistakes. Live and learn...throw the dice again.

You have more balls than I do. I just do indexes and a rolling 5 year ladder of TIPS. I don't try to beat the market, I just go with the flow. I expect we will be going over a waterfall before too long. It will be interesting.

 

[Tombs]

I look at gold as an alternative to VIX, this is kind of spooky.

Kinda tells the tale, the markets wanted to recover from covid, but biden's policies have stalled it out and the future is starting to darken.

 

[smokingman]

The Fed’s Own Research Tells Us Another Round Inflation is Coming | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[smokingman]

It is a big club and you aint in it.
George Carlin

Scandal Rocks Biden's Labor Dept For Lying About Sharing Non-Public Inflation Data With Secret Group Of Wall Street "Super Users" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Getting data early has allowed the likes of BlackRock and JPMorgan, other banks, hedge funds and research firms — Brevan Howard, Millennium Capital Partners LLP, Citadel, Moore Capital Management, High Frequency Economics, Nomura Securities International and BNP Paribas
to front run everyone else. Those are just the ones named, given the data by just one(not sure I believe this part) employee.

 

[Leadeye]

It is a big club and you aint in it.
George Carlin

Scandal Rocks Biden's Labor Dept For Lying About Sharing Non-Public Inflation Data With Secret Group Of Wall Street "Super Users" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Getting data early has allowed the likes of BlackRock and JPMorgan, other banks, hedge funds and research firms — Brevan Howard, Millennium Capital Partners LLP, Citadel, Moore Capital Management, High Frequency Economics, Nomura Securities International and BNP Paribas
to front run everyone else. Those are just the ones named, given the data by just one(not sure I believe this part) employee.

Reminds me of the wire from The Sting. They hold the results until the connected players can make their bets.