This is interesting. It shows the weekly change in stocks (SPY) and bonds (TLT). Last week both declined strongly together, which is a big outlier since 2010.
If this behavior continues it could be a pretty devastating bear market for both. I'm not sure Treasuries will continue to decline short term though. @jacobcards
Nobody understands the market and the concept of crypto. It still is purely speculation and I think it will take another half dozen of crashes to filter out the bad actors, the bad coins and the bad speculators. I always point to SBD and Steem as the perfect example for the ill understood market. It makes zero sense to pay more than 1US-$ for one SBD, but nonetheless the longest time it was higher than Steem. Sure, the number of coins is smaller, but the concept of SBD just doesn't allow a rational price beyond 1 US-$ for more than a short period of time.
I do have a different opinion on the value storage aspect. All cryptos would be close to zero if not not zero if that wasn't a thing. So, it's good to have that and it's good that some people see this and the long term utility of value storage as important.
This is the "free-market capitalism" these days boys. We're so proud to be "free" and we in a comical manner voluntarily decide to enslave ourselves to these "honest" markets by following the "smart and reasonable" people on TV and even god damn politicians.
I really hope that this next financial crisis will far surpass the previous ones by magnitude. This might be the only thing that can change our ways.
This is interesting. It shows the weekly change in stocks (SPY) and bonds (TLT). Last week both declined strongly together, which is a big outlier since 2010.
If this behavior continues it could be a pretty devastating bear market for both. I'm not sure Treasuries will continue to decline short term though.
@jacobcards
Best post ever seen on steemit upvoted for you. if have some seconds please review my post!!
Nobody understands the market and the concept of crypto. It still is purely speculation and I think it will take another half dozen of crashes to filter out the bad actors, the bad coins and the bad speculators. I always point to SBD and Steem as the perfect example for the ill understood market. It makes zero sense to pay more than 1US-$ for one SBD, but nonetheless the longest time it was higher than Steem. Sure, the number of coins is smaller, but the concept of SBD just doesn't allow a rational price beyond 1 US-$ for more than a short period of time.
I do have a different opinion on the value storage aspect. All cryptos would be close to zero if not not zero if that wasn't a thing. So, it's good to have that and it's good that some people see this and the long term utility of value storage as important.
everything is on a correction path don't know much about stocks but everything will be up soon
This is the "free-market capitalism" these days boys. We're so proud to be "free" and we in a comical manner voluntarily decide to enslave ourselves to these "honest" markets by following the "smart and reasonable" people on TV and even god damn politicians.
I really hope that this next financial crisis will far surpass the previous ones by magnitude. This might be the only thing that can change our ways.