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Instead of judging the market price by established standards of value, the new era based its standards of value upon the market price. The conclusion to be drawn was not that [valuations were] too high but merely that the standard of value had been raised. - Graham & Dodd, 1932 pic.twitter.com/nhzbcHAChq
Bitcoin and Crypto receiving a lot of very bad press lately due to it's extreme use of energy. NY Times, with accusations in the NY Times like: "Seven of the largest Bitcoin mining companies in the United States are set up to use nearly as much electricity as all the homes in Houston,"
Additionally:
"Democrats led by Senator Elizabeth Warren are also calling for the companies to report their emissions of carbon dioxide, the greenhouse gas that is the main driver of climate change. “This limited data alone reveals that cryptominers are large energy users that account for a significant — and rapidly growing — amount of carbon emissions,” Senator Warren and five other members of Congress wrote in a letter to the heads of the Environmental Protection Agency and Department of Energy. “But little is known about the full scope of cryptomining activity,” they wrote."
It goes on to say how crypto miners are responsible for rising energy prices for locals and small businesses, and straining energy grids in states like Texas (you know, the one that suffered a blackout last year due to energy demands).
I have heard this referenced a few times in the news lately, for that matter, If this doesn't sound like a storm brewing on the horizon, I don't know what does...
The findings, by a congressional investigation, highlight how the surge in activity has caused consumers’ electrical bills to rise and makes it harder to fight global warming.
ok here's a test....apple sorta kinda maybe in a tiny way warned of a slowdown. Apple is a very important company. This knocked the market down half a percent or so. If the market shrugs it off, that would be bullish for stocks...that bad news no longer causes stock market selloffs.
I saw a study on whether stocks do well during fed hike cycles. It found that stocks did just fine during Fed rate hike cycles. So it turns out that you *should* fight the fed.
Also, turns out stocks tend to very well in the years when earnings estimates are falling. Probably because those are recessionary times when too many people panic sell and stocks get cheap. Which suggests that even if earnings estimates do fall for 2022...doesn't mean stocks will fall with them.
I believe it is Vanguard that has single stock ETFs, some of them levered. Bloomberg discussed how the inverse TSLA ETF attracted large sums. Maybe a contrarian indicator.
whoah no way Vanguard would do that. It's some outfit called AXS.
Single stock ETFs. Fascinating. It does make some sense to do that...makes shorting so much easier. I might be tempted to short Tesla. That stock is absurd.
ok here's a test....apple sorta kinda maybe in a tiny way warned of a slowdown. Apple is a very important company. This knocked the market down half a percent or so. If the market shrugs it off, that would be bullish for stocks...that bad news no longer causes stock market selloffs.
Ok, i read a couple of news briefs on it, and several other of the tech biggies have already made similar announcements, like META, Alphabet, MSFT, to name a few.
It did reference an abundance of caution in "uncertain times" - point being, entirely committal, but rather, perhaps a slight bit cautious going forward, esp. given to the propensity to keep in step with its tech brethren.
And lastly, with them announcing earnings next week (Oy, vay!), one cannot rule out the possibility that this is a preemptive move to propose cost cutting measures in what may be a disappointing earnings announcement. That's the way these companies position themselves in advance of bad news. And maybe the bad news is not about the economical outlook, but might be company specific in this case.
Point being, I don't know how much you can read into this announcement and concern of theirs.
whoah no way Vanguard would do that. It's some outfit called AXS.
Single stock ETFs. Fascinating. It does make some sense to do that...makes shorting so much easier. I might be tempted to short Tesla. That stock is absurd.
ok here's a test....apple sorta kinda maybe in a tiny way warned of a slowdown. Apple is a very important company. This knocked the market down half a percent or so. If the market shrugs it off, that would be bullish for stocks...that bad news no longer causes stock market selloffs.
Ok, i read a couple of news briefs on it, and several other of the tech biggies have already made similar announcements, like META, Alphabet, MSFT, to name a few.
It did reference an abundance of caution in "uncertain times" - point being, entirely committal, but rather, perhaps a slight bit cautious going forward, esp. given to the propensity to keep in step with its tech brethren.
And lastly, with them announcing earnings next week (Oy, vay!), one cannot rule out the possibility that this is a preemptive move to propose cost cutting measures in what may be a disappointing earnings announcement. That's the way these companies position themselves in advance of bad news. And maybe the bad news is not about the economical outlook, but might be company specific in this case.
Point being, I don't know how much you can read into this announcement and concern of theirs.
yipes I guess the market isn't going to shrug this off.