What to invest in now?
- Thread starter stinkynuts
- Start date
The split last time didn't do much and it was trading sideways for a couple of months. It's way overbought in terms of the RSI (96), as well.
Below 1K? Yes, definitely possible. And, at the time of this post, it's down 4% in pre-market trading.
The prudent way would be DCA into it, being more aggressive on red days.
Reading through this thread one theme keeps keeps cropping up:
"1929 is calling and they want their year back."
The amount of street level, market expertise and knowledge is directly related to the amount of "free money" that central banks have printed since 2009 and exponentially mega printed since 2020. The markets are awash in trillions upon trillions of free money. This free money has caused a massive bubble in the 3 assert classes: equities, property and bonds. Folks, this free money is the only thing keeping these bubbles filled, however you may believe they are filled with hard cash and asset based cash, but in reality it is but a transitory illusion.
The central banks and thus the financial, property and bond markets are addicted to free money. A turn of the screw so to say, a turn down of the free money taps will cause a calamity in the markets.
This is not capitalism at all. Central bank intervention in capital markets is the antithesis of capitalism.
Seriously folks, the FED, not the hourly, daily, weekly, quarterly ins and outs of XYZ or HGY or this or that, makes the market.
"1929 is calling and they want their year back."
The amount of street level, market expertise and knowledge is directly related to the amount of "free money" that central banks have printed since 2009 and exponentially mega printed since 2020. The markets are awash in trillions upon trillions of free money. This free money has caused a massive bubble in the 3 assert classes: equities, property and bonds. Folks, this free money is the only thing keeping these bubbles filled, however you may believe they are filled with hard cash and asset based cash, but in reality it is but a transitory illusion.
The central banks and thus the financial, property and bond markets are addicted to free money. A turn of the screw so to say, a turn down of the free money taps will cause a calamity in the markets.
This is not capitalism at all. Central bank intervention in capital markets is the antithesis of capitalism.
Seriously folks, the FED, not the hourly, daily, weekly, quarterly ins and outs of XYZ or HGY or this or that, makes the market.
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Or look into crypto miners eg. Argo, Bitfarms, Hut 8, Riot etc. These companies are basically printing digital money and holding (mostly Bitcoin). Many of them are based in Canada (cheap/green hydro and little govt. intervention).
Please do your own due diligence, none of this is financial advice.
I'm in Hut 8. Take a small position as long as you're okay with the volatility. Just be patient, it'll work just fine.
A.I. And robotics
www.economist.com
Robots are poised to start unloading lorries
The last pieces of warehouse automation will soon be in place
