It’s not the BTC, it’s the irresponsibility with sovereign assets in speculative investments:

El Salvador bet its economic salvation on bitcoin, but so far the gamble isn’t paying off like...

Laser is most beneficial for ancillary distances: traps , front of green, layups, carry distance.

I don’t mind first to the tee calling out a flag yardage. It can help speed up play.

I think it’s reasonable to forego summer blend early this year.

Yeah, I played with some div1 college kids a few years ago. It’s a different game.

What’s the interest rate on your margin?

BTC has a long way to fall if that is prevailing thought because it shows complete lack of comprehension of what bonds are.

There’s your bitcoin buyer presenting the new world of finance

So, Bond rates went to negative yield because people were optimistic about the future?

Also, your chart is a constant maturity yield chart. Not really a bond chart.

Not true. BTC is accounted as a mark to market asset and loss. Bonds are not.

Bonds also have a maturity date which provide return of capital. It’s the definition of a paper loss.

Copper was 30% lower than it is now pre-pandemic and is working on 13 straight days of decline.

RIO dividend @13% is pretty attractive

Wheat and corn are down 20% from recent high. Corn is down 6% today. Nat Gas is down another 9%, 30% below it’s recent high

2y rate crashes back below 3%. Down 50bp from its recent high. 10y on the verge. 3% is support for the 10y so I’d like to see a close or three below. At this point an aggressive Fed move will...

Xpeng, $XPEV has an average analyst price of $280. Trading at $30. Watched a review on the p7 that sells for $35k. Impressive package.

Another interesting stock is JOBY trading at $5. It’s...

August WTI is the only month over $100 now

20 month low in copper.

Corn and Wheat at risk for much larger declines.

Assumption that corporations are greedy because consumers made a choice is conflation. The resulting enhanced climate change is an issue that should be addressed by regulation that serves public...

Boise $220k markdown on a $1mm house

https://apps.realtor.com/mUAZ/6xfxs79p

3x as many sales last month Vs 2021 in my hood. Inventory up and dom up 100% last three months. In 2019 dom was 3x higher than it was now.

Nice house. Quiet street. Marked down $100k and well...

The new wave. Who’s the man?


https://youtu.be/ZI3Wwis82cc

Long buyers are no different. Saylor for example. Musk for another. Sell hopes and dreams.

Conflation. Consumers chose convenience. I made no implication otherwise.

Walmart, Costco and Home Depot did the same thing. Don’t blame them. Consumers have choices.

The F250 lightning has 100 mile range towing less than 10k pounds.

Now that the word is out that bankman-fried is white knighting it becomes a target to see how deep he’ll dig.

GSCI is 10% off it’s recent high. It’s still up 40% yoy but only slightly above its pre-war price.

Wide contango in the gasoline futures. WTI is $20 off it’s recent high too. Lower prices ahead. https://www.cmegroup.com/markets/energy/refined-products/rbob-gasoline.quotes.html

Because it’s wreckable


https://youtu.be/oDD1tW59Mjg

The shorts added to it. If it wasn’t vulnerable it wouldn’t have gone down

What’s the difference between an attack (sell) and an engineered short squeeze (buy)? Both seem nefarious but that’s what makes a market .

The problem with a “spot” etf is custody and settlement. Futures exchange have that in place. Even the GLD etf has a warehouse with actual gold in it. It can be done but I’m not sure there is a...

Luna ancillaries still have btc to liquidate. Celsius, 3AC. MSTR is going to have to do something to avoid liquidation. The ETF’s are going to have to sell for redemptions. Institutions aren’t...

No, every little bounce convinces inexperienced investors that the bottom is in. Eventually they’ll just quit looking at it and talking about it turning what is left into a long term investment. ...

Solana is holding well above its recent low.

When Celsius declares bankruptcy they’ll liquidate holdings?

Might be concerning going into a weekend near an 18 month low with the publicly hedges closed

Nat gas is down 30% in 8 trading days.

GSCI also down 11%

Gasoline is down .50c in 7 trading days. 11%.

The 70’s was a post war recession exacerbated by the oil shock. Additionally, taking USD off the gold standard led to uncertainty about dollar stability.

As you said, it was also the beginning...

Quarterly expiration is always important but I think more so these days with all the new found retail activity. Especially selling puts. What Bob and LL is prudent investing but I’m guessing there...

Today is expiration day for a good portion of the quarterly options.

10y has dropped at least 20bp from its oeak two days ago. If oil and gas come off a bit maybe back to 3%

At 14% interest homes would cost a lot less than they do now.

As I’ve said, where is the new buyer? It’s not change from couch cushions that’s gonna move it.

Former NYSE President Tom Farley and Far Peak Acquisition (NYSE:FPAC) SPAC leader said that he...

Gasoline is .40c off it’s high and only .25c off it’s March high. Of course, it takes a while to reflect that.

CEO shares weren’t restricted so he could sell after the 90 days

Boo hoo. You want a guarantee go to Sears.

During the dotcom bust I had people that left my team for more money and stock. We charged them for their training classes ($10-15k) and got it....

Quarterly expiration this week has a hand in all this volatility.

2/10 is inverted right now

We’re dead wrong as of today but thanks!

Whatever works. Down 20% typically works out eventually.