Is The Bubble Popping?

Is The Bubble Popping?

There is a debate among economists about whether we are on the verge of one of the greatest economic booms in history or whether the current market rally is the bubble of all bubbles. The consensus view reflected in market prices is the former. The latter is the correct one in my opinion…

The Case For (And Against) COIN: Fundamental, Technical and Philosophical Considerations

The Case For (And Against) COIN: Fundamental, Technical and Philosophical Considerations

Those who know me will be surprised to learn that I bought shares in Coinbase (COIN), the leading cryptocurrency broker, on Friday in the wake of its 1Q21 Earnings Report Thursday afternoon. That’s because my intellectual roots are in Ayn Rand, Ludwig von Mises, The Austrian School of Economics and therefore the gold standard. As a consequence, I’ve tended to be of the mindset of Warren Buffet toward Bitcoin and cryptocurrencies in general when he called the former “rat poison squared” at Berkshire’s 2018 Annual Meeting. However, that doesn’t mean I can’t trade it profitably.

QQQ: Failed Breakout Watch III, ARKK On The Precipice, Mackintosh: Inflation Is Everywhere, Ethereum and Dogecoin Mania

QQQ: Failed Breakout Watch III, ARKK On The Precipice, Mackintosh: Inflation Is Everywhere, Ethereum and Dogecoin Mania

On Wednesday morning April 21, I first wrote about a potential breakdown in the QQQ. Yesterday morning, I revisited the subject after the QQQ broke below its February 12 closing high around $336 to close around $330 on Tuesday.