After the insane straight mt Everest climb in all indexes, a 25% drop would feel like a complete collapse and would probably feel like a depression to most....it would have huge psychological effects on most new traders, however the talking pundits are not even calling for an inkling of a pullback.
Heard today that tesla made $1 billion on their initial bitcoin investment, what like 3 weeks ago or so....this entity market is in lalalala land.
You are very modest, even if it looses 90 percent (it lost about 20 from peak so far), it still would be one of the biggest car makers based on capitalization. What has happened is pure madness. At height share price was $4,500 (that is before the split of course).
$33K on the Dow, and then a considerable pull-back...and then we will see. Western World comes out of enforced Lockdown over a Chinese lab created variant of the seasonal flu....furlough/stimulus cheques stop, many businesses go under....many smaller businesses find peoples habits have shifted yet further towards online and big box retailers....big ramp in official unemployed....what happens next? (genuine question, I have no idea)
To claim that $Billion profit, Tesla would have to dump around 30K Bitcoin into the market. Ya reckon there is enough raw purchasing power to absorb that? Bitcoin is a very shallow market....hence the extreme volatility.
He's warning everyone again about the collapse, but we are not listening because we only focus on our charts.
Rush Limbo Caller: In 2019, there's gonna be a $1 trillion deficit. Trump doesn't really care about that. He's not really a fiscal conservative. We have to acknowledge that Trump has been cruelly used. Limbaugh: “Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it's been around”.