Cardboard Posted February 2, 2018 Share Posted February 2, 2018 It is now happening in almost every area: Bitcoin is down over 50% since its peak. Actually my timing to warn people on this site was near perfect in December. You can thank me later if you got out then. 8) Canadian pots stocks hit their peak in January and have fallen very hard today. U.S. treasuries are now coming down with the 30 year having reached 3%. The chart looks pretty bad. The S&P was in a near perfect parabolic ascent and it is now breaking. QQQ, FXI (China), it is all looking broken. The VIX has gone back up a bit or getting closer to 15. The last bubble that has not popped yet seems to be the Amazon and Facebook of the world. However, they don't seem too confident with a drop of 4.2% for AMZN heading into the close, followed by some relief hoorah with the earnings, or lack thereof, or up 6.3% in the after-hour. Will it last? While I have no crystal ball, the history books are pretty clear: almost all (if not all?) parabolic ascents end up in tears. At the very least, I think that we are due for some sideways action. Many people have now been hurt and this is not typically conducive to more greed. Cardboard Link to comment Share on other sites More sharing options...
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