Archives of “June 2020” month

rss

Here is a $20000 forecast for #Bitcoin by year end

  
Analysis, BITCOIN

Analysts at Bloomberg are projecting BTC to return to its highs by the end of 2020

  • say that the crypto has many favorable factors, both fundamental and technical
  • and that “something needs to go really wrong for bitcoin to not appreciate”
  • “Bitcoin will approach the record high of about $20,000 this year, in our view, if it follows 2016’s trend”
Also that maturation of the cryptocurrency is fuelled by
  • growing acceptance of digital currencies
  • the ability to trade bitcoin futures
  • a steady decline in volatility
  • should all help it appreciate.
BTC 20k

Lufthansa will replaced in the DAX by Deutsche Wohnen

  
  Analysis

For the DAX peeps out there.

  • Lufthansa, the bailed out airline, is out. 32 year run comes to an end.
  • Deutsche Wohnen (a German property company) is in! The firm is second largest German apartment rental company.
For the DAX peeps out there.
The ” Fast Exit ” rule of the German Stock Exchange will see the airline booted out.
  • The rule is that a firm is removed from the DAX if it ranks worse than 45th in the free float market capitalization or in exchange sales
  • An MDAX firm (in this case the property company referreed to above) moves up that at least ranks in market value 35 lies.

S&P and NASDAQ snap 4-day winning streak ahead of US jobs report today

  
Analysis, LINKS, US Market
#  #  #  #  #  #  #  #  #

Dow industrial average ekes out a small gain

the S&P and NASDAQ index snapped a 4 day winning streak ahead of the US jobs report released tomorrow at 8:30 AM ET. The Dow industrial average up the trend by closing higher on the day but just barely.

The final numbers are showing:
  • S&P index, -10.52 points or -0.34% at 3112.35
  • NASDAQ index -67.098 points or 0.69% at 9615.81
  • Dow industrial average up 11.93 points or 0.05% at 26281.82.
Below are the percentage changes and high low percentages for the major indices in North America and Europe. European shares end the day modestly lower after the sharp gains over the first 3 days of the trading week.
Dow industrial average ekes out a small gain_

Take Money Off the Table

  
Analysis, Education
#  #  #  #  #  #
  • A speculator should make it a rule each time he closes a successful deal to take 50% of his profits and lock this sum up in a safe deposit box. The only money that is ever taken out of Wall Street by speculators is the money they draw out of their accounts after closing a successful deal.
  • There is no better time than after a large “win” on a stock. Cash is your secret bullet in the chamber, keep a cash reserve.
  • The single largest regret I have ever had in my financial life was not paying enough attention to this rule.

Keep a Cash Reserve

  
Analysis, Education
  • The successful speculator must always have cash in reserve.
  • There is a never ending stream of opportunities in the stock market, and if you miss a good opportunity, wait a little while, be patient, and another one will come along.
  • This desire to “always be in the game,” is one of the speculator’s greatest enemies in managing his money.
  • Often money that is just sitting can later be moved into the right situation at the right time and make a vast fortune – patience – patience – patience is the key to success not speed – time is a cunning speculator’s best friend if he uses it right.

The simple case for buying everything right now

  
  Analysis
#  #  #  #  #

Suspend your disbelief and embrace the free-money future

Suspend your disbelief and embrace the free-money future
The enthusiasm in markets at the moment is bordering on euphoria. Retail money is pouring into the flavour-of-the-day and now FOMO is taking over more broadly.
You have to decide if you’re in or out. We all know the risks around the virus and the current economic data and it takes a huge leap of faith to pile in here but betting on humanity has been the best bet in world history.

1) We’re in the post pandemic world

(more…)

Go to top