Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on crypto volatility. (See the Cryptos section.)
Stocks:
We’ll start with this at Seeking Alpha: What Is Behind The Market Sell-Off And Should We Worry?
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Also at Seeking Alpha: Tesla: The Cracks Are Showing
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At Zero Hedge: Trump Blames Market Rout On Fed, Says Won’t Fire Powell
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Also at Zero Hedge: How Much More Do The Quants Have To Sell?
Economy & Finance:
And over at the CNBC Cheering Section: Where interest rates are now won’t turn the economy in a different direction…
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Dow plunges more than 800 points in worst drop since February, Amazon and tech shares lead the rout
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Video from Rick Wiles: The Mark of the Beast System Takes Over India
Cryptos (Crypto Volatility):
The value of Bitcoin dropped nearly 5% in just 30 minutes on Thursday, showing the ugly side of crypto volatility. Here is an instructive article:
Four Reasons Why Bitcoin’s Price Could Now Drop to $6K
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Middle East’s First Central Bank-Backed Crypto Exchange to Launch in 2019
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Emergence of $100M Crypto Funds in Bear Market Shows Investors are Interested
Tangibles Investing:
Hagerty: What’s the deal with Toyota pickups lately?
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2018: List of the Million-Dollar-Plus Cars at Monterey Sales
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Of course there is a market sell off. Did anyone really think there wouldn’t be? The good news is; there is a market sell off and not a crash. If the market corrects enough there won’t be a crash (or shouldn’t be a crash). Right now the market is suffering from over exuberance and there are only two possibilities; either a series of corrections like we are seeing or a sudden crash. Which would you prefer?
Good points. And of course, the higher the market is, the greater the nominal corrections (800 points ain’t what it used to be).
Still stacking ASEs, but man, the premium mark-ups are getting pretty ridiculous. Nearly 25% above spot? *Sheesh*….
The market drop could be the result of a “blackout period” where corporations are prohibited from share buybacks before earnings reports