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Song of the Day

Malloy
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I'll show you something funny about the news....

First...crypto bad bad bad news...

Quote

Over $100 billion was wiped off of the global cryptocurrency market in 24 hours on Friday.

Concerns over tighter regulation, and worries that the bitcoin price was manipulated on a major exchange called Bitfinex by a cryptocurrency called Tether, weighed on prices.

Bitcoin, ethereum and ripple all saw their prices tank.

https://www.cnbc.com/2018/02/02/bitcoin-ethereum-ripple-price-falls-over-100-billion-wiped-off-global-cryptocurrency-market.html

 

Then...stocks...

Quote

Stock market loses nearly $1 trillion on the week

That decline erased $945 billion from the index's market value, with $511 billion lost on Friday alone, his data showed.

https://www.cnbc.com/2018/02/02/stock-market-loses-nearly-1-trillion-on-the-week.html

 

Same day...same news "weight"...but how come everyone now thinks that crypto is the worst thing that came to earth and that the stocks market is just having a healthy correction...

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While most agree (publicly) some pullback is needed to permit profit taking and to create a secure base...

...you tell me lol

So...everyone...the "old" guard won't let anyone play in their sandbox without a media fight...so just hang on! we're on a "Crazy Train"...

 

 

 


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