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Posts Tagged ‘Bitcoin’

They Are All Markets

December 15th, 2017 by Kurt L. Smith

Well, so much for Top of Tops. Last month’s market call that both bonds and stocks were headed lower, proved premature. The September-October bond market decline failed to gather downward momentum while stocks added another leg upward.

While 1,000 Dow points isn’t what it used to be (lately about 4%, whereas 10% or more in years of yore), it is still 1,000 points. For me, a 1,000 points of wrong, but that’s the way markets can behave.

Take Bitcoin, everyone’s favorite (new) subject. In what appeared to be a  frothy, over-extended market, Bitcoin merely added another fifty percent.  And that was just last week!

Does one have to do with the other? Can the frothiness of Bitcoin and the added leg up in stocks or the pause in the bond bear market be related? Yes, they are all related: they are all markets. (more…)

NEWS FEED

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