January 18, 2018

I think the decline in cryptos is a $RIOT

"My largest position - remains short bitcoin/blockchain collateral plays.
Its the big short.
Never have so many who are trading, known so little  to be honest.
Well not since pets.com at least." 

via twitter

January 17, 2018

Will the crypto mania be forgotten ?

Bitcoin $10,300, -9%
"As is always the case with fads and popular investment themes, the biz media does market participants no favor in their coverage and preoccupation with the trade/investment du jour.
Bitcoin comes to mind.
And you all know who you are."

"Like dot com  stocks in 1999 and housing/bank stocks in 2007 the biz media will drop coverage and forget that preoccupation when crypto and other fads sour.
But, not to worry, those experts will be back in the media for the next fad. 
Sad state of affairs."

via twitter

January 9, 2018

Bull markets in final stages ?

To me, based on my experience during the last decade, "Bull markets are born on the largesse of central bankers, grown on the popularity of ETFs, mature on fanatical speculation (in cryptocurrencies) and in corporate tax reductions and die on the fear of missing out."

As my good pal Lee Cooperman is fond of saying -- in quoting Sir John Templeton --  " Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria."

via twitter

January 8, 2018

Investment vision is always 20/20 when seen in the rear view mirror.

"Remember the biz media's incessant discussion of $GPRO back in late 2014 when the shares flirted with $100?

The shares now sell at $5.80.

Dont forget it when you buy crypto or any other trade du jour.

The biz media is seeking viewers not profits."

via twitter