IMO although the markets are far from perfect they get it right more than wrong, what other mechanism comes even close?
Mick, you are so right...this is why I avoid news and fundys and watch what I see. I understand it's easy to be fooled by data pertaining to the instrument in question.
I am so confused. Canada has had crypto ETFs for years now. This forum is supposed to be called elitetrader.
Is that supposed to mean something. Google on your low-bat smart phone: NYSE, Nasdaq, CME, CBOE, ICE ... then TSX
That's why trading is so difficult. Logic is not really present in the markets. Sometimes the crowd is right, sometimes the indicators, indexes, charts are right. And sometimes they're wrong. This is what I think is happening.... October is going to get a smashing, a kind of flash crash for the month. November will rally. The 'market machinery lever pullers' are gonna smack this month down so to buy the ensuing bargains. Crypto players are getting tfo because they want to preserve capital, they are afraid of being collateral damage the next 8 trading days. I was just now analysing uranium stocks, they too look like bailing out.
BTC was up what, 0.3% on the day? Those are operating companies so higher val and more importantly, market beta. IOW they followed the indices lower.
yeah according to google the US isn't even in the top 20 best places to live anymore. Isn't BITO/BITI a Bitcoin ETF? Not sure why all the fuss.