james22

It's not "The Death of Equities," but it's the kind of thing I want to see before I buy.

Is this the end of crypto? The collapse of FTX has dealt a catastrophic blow to crypto’s reputation and aspirations As at the end of any mania, the question now is whether crypto can ever be useful for anything other than scams and speculation. The promise was of a technology that could make financial intermediation faster, cheaper and more efficient. Each new scandal that erupts makes it more likely that genuine innovators will be frightened off and the industry will dwindle. Yet a chance remains, diminishing though it is, that some lasting innovation will one day emerge. As crypto falls to Earth, that slim chance should be kept alive. https://www.economist.com/leaders/2022/11/17/is-this-the-end-of-crypto?

https://www.gawker.com/money/someone-not-us-is-threatening-to-leak-a-sam-bankman-fried-sex-tape

Anyone want to guess a BTC bottom? Or when you'd buy? $10k?

I like to believe that if regulated, the crypto-anarchist/cyberanarchist types will loudly proclaim the death of BTC and drive its value down. It'd be an opportunity.

Shame, would have flipped the physical one for a pretty penny.

$2

16 Psyche...

Why is that question not posed to the former as well? I believe BTC has value, I just don't know what it is. Sure it was overvalued for the longest time, but might be interested once the bubble deflates.

Exactly.

^ Interesting. Early, when the numbers were small, foreigners in Saudi who tested positive were quarantined in hotels until tested negative (or 10 days). They were hospitalized if symptomatic. I spent 10 days in a hotel room after a 4 day hospital stay. Slept the time away because I was pretty sick, but friends who were asymptomatic had a tougher time feeling trapped.

Where's the rotation to gold?

Well, yeah.

Hate? Enron.

The drop has allowed me to Roth convert more shares than I otherwise would have been able to, so there's that.

Two years into retirement, I fear sequence of return risk, of course. But given the starting overvaluation, a sharp correction and couple year recovery is probably the best I can hope for. Much preferable to something like a lost decade. -20% from peak, but after two year's expenses and one-time buys, I'm back to even. That's OK. The 90/10 allocation really only gave back its gains. I've three to four year's expenses in cash (and a less than 3% WR), so right now I'm mostly happy BRK (45% position) has the opportunity to spend some cash and there might (finally) be a rotation into SV (25% position).

LOL

A couple friends of mine were caught on business trips when Covid began and spent several months in luxury hotels living on room service and by the pool. Ha.

LOL, there's NO downside.

And maybe the market is rightly buoyed by all the other-than-tech stocks that have been left for dead the last ten years? They now recognized as undervalued?

For good reason, given finite resources.

My research and observations lead me to believe that there is the potential for traditional energy to break out of its boom-bust cycle, at least for an investable period of time. https://www.mauldineconomics.com/frontlinethoughts/turning-bullish-on-energy#disqus_thread

Thanks. One wonders if the interpretation was deliberate...

Top Dems Urge Biden To Nationalize Oil & Gas Industry At a Houston conference last week, Jason Bordoff, Dean of Columbia University’s Climate School, called for the “nationalization” of oil and gas companies. “Government must take an active role in owning assets that will become stranded,” he said, “and plan to strand those assets.” By “strand” Bordoff meant “make financially worthless.” Bordoff made the point at least twice during the confrerence. Bordoff’s call shocked many in the audience. “Jason is smart, well-informed, and well-connected to the Biden Administration,” said someone who was at the conference, “so these comments are scary.” https://www.zerohedge.com/political/top-dems-urge-biden-nationalize-oil-gas-industry