In my opinion, we’re clearly in a bubble driven by a wealth effect on the growing upper class* and AI. The question as always is, do you feel lucky timing this thing?
*As I understand it, both upper and lower income cohorts are growing at the expense of the middle class, but I have no cite beyond I think I’ve read that.
Been a while.
Past 3 months market up nearly 6%. Gold down 18%. Silver down 31%. Bitcoin down 14%. Total international stock flat.
Thoughts?
I’m not making sense of it honestly.
It doesn’t make sense. Huge, wild swings from day-to-day.
IMO … BTC was on a roll for years as a secret conduit of illicit wealth.
Once all legit law enforcement is killed by corrupt chief executives worldwide they don’t need that intermediary sub rosa medium of exchange.
So it’s deflating like mad as that perennial price support drops away.
Damned shame. I’ve given back a lot of easily gotten gains.