Truths Half Truths & Deceptions

Dystopian

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The Fatal Mistake Crypto Investors are Making Now

Courtesy of Joshua M Brown I wrote A Twist in the middle of December after attending a dinner discussion group of some of the leading engineers and software people on Wall Street. I came away from the night with a newfound appreciation for the argument that just because blockchain is revolutionary, that doesn’t mean most (or any) of the value w...

Fire and Fury Inside The White House

Today is my first day back at 'work' after a rather memorable holiday in Japan. Got lost while trekking in the mountain. MAS delayed my return for more than 48 hours..... yes not reported in social media was MH0071 was delayed even longer than MH839 (33 hours). Anyway, here is something to make up for my silence without notice and the absence of...

Who Owns The Stock Market?

Courtesy of Joshua M Brown    via The Washington Post: One figure from a recent working paper by New York University economist Edward Wolff illustrates that point: Fewer than 14 percent of American households directly own stock in any company. Even when you consider indirect ownership via 401(k) retirement accounts and similar vehicles, fewer ...

Monday Market Madness – Tax Loopholes and Wage Slavery go Hand in Hand

It hasn't even been signed yet. That hasn't stopped the S&P futures from testing 2,700 (/ES) and Dow (/YM) from testing 2,4850 this morning as the new GOP tax bill seems to be "in the bag" and the House Speaker, Paul Ryan, is now promising us an "average" $2,059 tax break for a "typical" family of four making $73,000/year. If you take them a...

Bitcoins Idiots Are Coming In To Buy

Bubbles, bubbles, everywhere.  BitCoin has passed tulips in 1637 as the biggest bubble that ever existed. The S&P bubble (see yesterday's post) is only up 300% in 8 years – hardly a blip on a chart where BitCoins (/XBT) is now up 6,500% in 3 years. Amazingly, it was only two weeks ago when I said "We Will All Be Billionaires" if the markets...

Bitcoin Doesn't Exist Chapter 2

Dr. D: You have to understand what exchanges are and are not. An exchange is a central point where owners post collateral and thereby join and trade on the exchange. The exchange backs the trades with their solvency and reputation, but it’s not a barter system, and it’s not free: the exchange has to make money too. Look at the Comex, which reach...

IQGroup Management Staff Thinks It's Cheap Too

Evidence that next QR will improve? Here are the other filings after I did the post last Thursday on the open market purchases by Mr Chen and Mr Beasley of IQGroup (5107). IQGroup is now supported by 'insider' buying. What you see are the mandatory filings by key management staff. I checked its AR for the Company's policy pertaining to staff de...

Bitcoin Doesn't Exist Chapter 1

Courtesy of The Automatic EarthChapter 1 of this five-part series by Dr. D A while ago, I asked a regular commenter at the Automatic Earth, who goes by the moniker Dr. D, to try and write an article for us. Not long after, I received no less than 31 pages, and an even 12345 words. Way too long for today’s digital attention spans. We decided to s...

Bitcoin is a highly speculative investment. Why caution is required

Courtesy of Co-Pierre Georg, University of Cape Town and Qobolwakhe Dube, University of Cape Town With the price of a bitcoin reaching record highs of more than $10,000, more and more ordinary people consider investing in the cryptocurrency. The recent price surge, however, comes with tremendous risks. Investors should be prepared for the ...

Weakening Wednesday – How Nice to Watch from the Sidelines

Courtesy of Phil's StockWorld So far so good. We have no regrets on Monday's call to get to CASH!!! Now, it is possible that it's a self-fulfilling prophesy as I went on TV, live at the Nasdaq on Monday Morning and told their viewers why I thought the market was drastically overbought – using very simple math that simply demonstrates that it's n...