Leverage, Margin, Cryptos Crashing

[sumdumguy]

Tesla will be the next Enron, WorldCom and Lehman Bros combined. No wonder Musk sold at the top.


Tesla shares fall into bear market territory after SEC reportedly opens probe into solar panel defects
https://www.cnbc.com/2021/12/06/tesla-shares-slide-after-sec-reportedly-probes-solar-panel-defects.html

Gezus people are dumb.

Neurolink, a brain chip with ability to cure many neurological conditions is Elon’s new magic carpet ride. Interesting.

[farming101]

Bitcoin is $64,943 CDN this morning. It wasn’t much of a dive.

was 83,878 CAD on Nov 9

[shtferbrains]

Canadian .79USD
Australian. 71USD

Is that not bigger spread than normal?

Anybody watch that?

[jazz]

Canadian .79USD
Australian. 71USD

Is that not bigger spread than normal?

Anybody watch that?

Look where the aussie buck was when they had a debt crisis. They have a much better balance sheet now than Canada.

Our entire economy is floating on the back of oil right now, and reckless home lending.

[errolanderson]

Look where the aussie buck was when they had a debt crisis. They have a much better balance sheet now than Canada.

Our entire economy is floating on the back of oil right now, and reckless home lending.

China economic situation appears worsening. This could pressure crude oil prices further in the new year. Fertilizer prices should also start coming down in the new year as well.

Inflation is dissipating (IMO).

[Guest]

China economic situation appears worsening. This could pressure crude oil prices further in the new year. Fertilizer prices should also start coming down in the new year as well.

Inflation is dissipating (IMO).

Can we take it to the bank ?

[errolanderson]

Can we take it to the bank ?

IMO Yup . . . . Timing is a different story.

[aKorn]

Tesla will be the next Enron, WorldCom and Lehman Bros combined. No wonder Musk sold at the top.


Tesla shares fall into bear market territory after SEC reportedly opens probe into solar panel defects
https://www.cnbc.com/2021/12/06/tesla-shares-slide-after-sec-reportedly-probes-solar-panel-defects.html

Gezus people are dumb.

Elon Musk helped create PayPal, the first internet directory. He brought broadband speed internet to the masses in rural areas, including the prairies. He made electric cars sexy, sleek, and technologically advanced. He made spaceflight an order of magnitude cheaper. That's scratching the surface of what he did.

What have you accomplished?

Also, selling shares was nothing more than an accounting and tax exercise. He actually owns more shares than before he sold them. Whoops.

https://www.mercurynews.com/2021/12/06/how-elon-musk-sold-10-million-tesla-shares-and-increased-his-tesla-holdings/

[errolanderson]

Crypto stores seem to have been left unlocked. Talk of Russian crypto shutdown. Major selloff across the board. Bitcoin breaks $39,000 tonite.

Risk-off paniced selling in many asset classes in-progress. Tech losses astonishing . . . .

NASDAQ index off nearly 12 percent from early January highs. Many tech stocks now recently collapsed 40 percent or more.

[errolanderson]

Errol how bout that barbarous relic gold?

Gold prices have made a solid move climbing about $100 per oz since mid-December. Maybe a push toward $1,900 per oz on this run.

But precious metals are not known to weather adversity well. Any hint in weakening inflation and gold and silver struggle.

[errolanderson]

Time to ‘dust-off’ and ring that 2000 DOTCOM BUST ALARM BELL once again . . . .

Bitcoin down 11 percent yesterday, 15.6 percent for the week . . . Etherium and Litecoin collapsed 28 and 27 percent respectively.

NASDAQ index with the heavy weights, down 11.5 percent. Treasury bonds also down 5 percent in January, so far.

Percieved wealth quickly vanishing. Savings gone.
Investors bought into the mania throwing caution to the wing. Blindsided or greed or both, history always rewrites itself.

Now central banks want to attack inflation, with a possible BOC rate hike next week. Timing couldn’t be worse . . . . .

[errolanderson]

Mecum set new records this year. Just saying

You’re right . . . . Gold appeared to lose investor demand from the younger crypto crowd IMO). Crypto’s fallout may be gold’s gain. Maybe this allow gold to blow through recent resistance lines.