Tuesday, November 19, 2013

Some evening reading

Here's more stuff:

Reformed Borker (Bork Bork Bork!) - advancing volume explodes. Positive for the market.

Macro Man - is that really a reason to be bearish? A large number of goldbug Zerohedge arguments for an imminent market crash are demolished in this article.

Reformed Borker (Bork Bork Bork!) - the greater fool rotation. Those of you still loyal to your hard-money goldbug newsletter writer should ask him whether you should go into bitcoin:


  1. You know how to hook a guy... just mention demolishing goldbugs.

    Bitcoin needs a theme song, preferably done to the Nelson Riddle score of the old t.v. Batman series. Bitcoin, dada dada dada dada dada dada dada dada Bitcoin! And maybe a superhero, Bitcoin Guy. That will keep interest up as the cost per bitcoin pass 1000 bucks. Who needs bucks anyway, now that we have bitcoin? How much was it to off Bernanke, again?

    1. Seriously, this Bitcoin thing is guaranteed to end badly for those who bought them. But they bought them cos hey, meth is a horrible drug.

    2. yes, it's in tulip bulb land now. the only two things I wish I'd bought last winter were Tesla motors and bitcoins. Tesla's already popped and heading down, bitcoins should be busting soon.

      Bitcoin, dadadadadadadada!

  2. I was asked an interesting question today by a fund mgr dude. He says "How can i short Bitcoin?". It hadn't occurred to me...and then methought a bit...and then I replied "I think that's the whole point." As for "I wish i'd...etc", sorry nope, it doesn't work like that. I didn't buy anything in the Nasdaq bubble, didn't make a dime, didn't lose a dime (fwiw, too busy with argentina stocks at the time) and i've never regretted not playing that one. Same with Bitcoin; if you don't understand it, don't play it

    Yup, this one's going to end badly for somebody. otoh it's already ended very well for others so WTFDIK?