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RE: Selling Cryptos and Buying Stocks (Part 1 – Innovation Plays)
Wow. Awesome. Followed for sure.
Will the DOW hit 40 000 or 10 000 next? With the endless quantitative easing combined with the central banks owning 50% of all stocks, it seems inevitable that the next stop is the moon. What could go wrong? All the algos buy all the dips, well, until they don't and a sell order is triggered. Maybe Carl Ichan can bail out the system a couple more times still?
After being in the crypto space I don't think I could ever describe a situation where stocks moon unless we are talking about serious hyperinflation. That's not really mooning though, it's just price increase relative to a plummetting dollar.
It's not just the Central Bank buying that's a concern but the way the system is so intertwined and over-leveraged I don't think it takes much of a shock to give us another GFC type event. That's why I am looking at defensive plays too.
Reckon our flimsy pollies will take the populist route and try to bail out again when it happens. Question is really whether the taxpayer can continue to foot the bill!