• Krugminator2's Avatar
    Today, 01:24 PM
    These charts are interesting to see what happened to the prices of uranium and gold soon after futures started trading. Both were in bubbles when futures began and the price collapsed within two months of futures being introduced. Everyone seems negative on Bitcoin, so it is possible that there is one more gasp up but that seems less likely because there isn't a major short interest in Bitcoin.
    422 replies | 11496 view(s)
  • Krugminator2's Avatar
    Today, 12:25 AM
    Feels like this is headed to the 8-10k range over the next few weeks before you will see price stabilize. That would be a 50% pullback.
    422 replies | 11496 view(s)
  • Krugminator2's Avatar
    Yesterday, 05:40 PM
    https://dougjonesforsenate.com/priorities/ Health care is not a right and private citizens shouldn't be forced to violate their religious beliefs to provide coverage. Roy Moore is a clown and not very libertarian. Even excluding the fact that he is a child molester, he is bad on numerous economic issues and catastrophically bad on most social issues. All of that said, I would vote for him because the Senate is 52-48. Conceding a vote from a Republican state is really bad when Clarence Thomas, Ginsurg and Kennedy all might retire soon. I am not eager to see a guy who wants single payer health care to win.
    1044 replies | 21527 view(s)
  • Krugminator2's Avatar
    Yesterday, 04:26 PM
    The reality is the market chooses a state over anarchy. Having a state to settle disputes increases trust and lowers transaction costs. Online poker is a good example to see black markets in action. Most sites that operate in the US have switched to Bitcoin as there primary way to process transactions. They are a black market and Bitcoin is a work around. But the market would choose regulated sites with no Bitcoin in a heart beat if that were an option. Nobody would play on the unaccountable Bitcoin site that operates in Central America if they didn't have to. Sites that are unaccountable to governments increase transaction costs dramatically because every so often someone is going to run off with your money and there is no way to sue.
    36 replies | 256 view(s)
  • Krugminator2's Avatar
    Yesterday, 03:50 PM
    Israel has a right to exist. Israel can recognize whatever capital they want and the US should recognize what Israel says is their capital. Rioting and violence is not okay. There should be no appeasement to the animals that surround Israel.
    66 replies | 646 view(s)
  • Krugminator2's Avatar
    Yesterday, 10:06 AM
    No. There wasn't euphoria. Thanksgiving was Nov 23. Bitcoin broke out the 24th. It had been consolidating for three weeks. I am not good at buying breakouts but I thought it looked like a good long. Yesterday was a really good short or at the very least a good time to reduce risk and pull chips of the table.
    46 replies | 766 view(s)
  • Krugminator2's Avatar
    12-08-2017, 09:02 PM
    Bitcoin certainly trades exactly like a manipulated penny stock. Bitcoin is thinly traded and it doesn't take much money to hold the trend. It feels like it is has had a guiding hand into the start of futures. That said, any hedge fund who has wanted to short Bitcoin has been able to borrow GBTC stock all year, so I discount a little bit the idea that a few hedge funds are just pushing it up to be able to short it at higher prices. Bitcoin futures start trading at 6 pm Sunday. I am very interested to see how it affects trading. My gut instinct is it won't affect trading too much. It might give the downside a little gas because it will be shortable. But you never know how things are going to play out with something like this. Maybe it spikes because it will now be a lot easier to trade in and out.
    46 replies | 766 view(s)
  • Krugminator2's Avatar
    12-08-2017, 06:58 PM
    Regardless of where Bitcoin is going in the next 10 years, only the mentally challenged are buying right now. Buying on spikes after a big run is a good way to be poor. People are buying solely because it has been going up. At some point there won't be enough demand to keep pushing prices higher and at that point a lot of supply will enter the market as people exit. Today was a big change of character. Sellers are starting step up.
    46 replies | 766 view(s)
  • Krugminator2's Avatar
    12-08-2017, 06:40 PM
    First down day after an extended run is going to be the end of the run 85%+ of the time. Probably trades narrowly for the next 24 hours before taking out today's lows by Monday.
    46 replies | 766 view(s)
  • Krugminator2's Avatar
    12-08-2017, 06:16 PM
    They lump like the KKK in with Center for Immigration Studies for a reason. It is meant to shutdown debate. Here is an example. Mark Krikorian is a "Mexicans take jobs" Republican in the Pat Buchanan mold. I don't agree with that argument, but it is a legitimate debate. I have watched him argue his points on Stossel and came across very well. Putting a center-right, National Review Republican on their list of HATE groups is beyond ridiculous. https://www.washingtonpost.com/opinions/how-labeling-my-organization-a-hate-group-shuts-down-public-debate/2017/03/17/656ab9c8-0812-11e7-93dc-00f9bdd74ed1_story.html?utm_term=.d459b93cf53b Well. Ron Paul gets put on their lists. https://www.google.com/search?rlz=1C1CHZL_enUS757US757&ei=QCorWvfCD-bGjwS886boCg&q=ron+paul+southern+poverty+law+center&oq=ron+paul+southern+poverty+law+center&gs_l=psy-ab.3...3489.9240.0.9392.40.39.0.1.1.0.137.2968.29j7.37.0....0...1c.1.64.psy-ab..2.23.1870.6..0j35i39k1j0i67k1j0i131k1j0i131i20i264k1j0i131i67k1j0i20i264k1j0i131i20i263k1j0i22i30k1j0i13k1j0i8i13i30k1j33i21k1j33i22i29i30k1j33i160k1.54.lul7fYuNMfI
    32 replies | 986 view(s)
  • Krugminator2's Avatar
    12-08-2017, 05:55 PM
    When you adjust for cost of living, 23.8% of people in California live in poverty. To put that in perspective states that are typically considered poor have much lower poverty rate. Kentucky 13.6%, Alabama 13.5 Mississippi- 16.1% https://en.wikipedia.org/wiki/List_of_U.S._states_by_poverty_rate California's "compassion" for the poor with their highest in the country top tax rate and "concern" for the Mother Earth has resulted in the highest poverty rate in the nation. California is what you get when you have smug people who make policy in the name of the public good but really act in their own crony interests. They say they are protecting the environment by restricting housing development but are really just keeping supply low to drive home prices up.
    42 replies | 645 view(s)
  • Krugminator2's Avatar
    12-07-2017, 01:55 PM
    You won't need to put "corrections" in quotes after the next couple of days. We'll see how long that consensus lasts. Here is a prediction for all the people who have chased Bitcoin up.
    422 replies | 11496 view(s)
  • Krugminator2's Avatar
    12-07-2017, 01:33 PM
    It peaked at 15995 on Bitstamp. This is the last gasp (for now) before it becomes easily shortable on Sunday. Bitcoin will be getting the poison out within 48 hours. $4000 down move shortly.
    46 replies | 766 view(s)
  • Krugminator2's Avatar
    12-06-2017, 04:12 PM
    Futures start trading Sunday night. 90RSI. A short term top is likely by the next two days after the wide range today. 20%+ pullback highly likely from the high of tomorrow.
    422 replies | 11496 view(s)
  • Krugminator2's Avatar
    12-06-2017, 01:35 PM
    Right. Literally every single part of what you just said is in the comment you responded to.
    9 replies | 238 view(s)
  • Krugminator2's Avatar
    12-06-2017, 11:45 AM
    No. The economy is not a monopoly. Vanguard is a mutual fund. Mutual funds hold stocks. Vanguard became large because they offered a product at a lower price than its competitors. Vanguard funds basically own every stock in the investable universe. Vanguard doesn't care at all about private prisons or anything you are saying. Not even a little bit. They actually don't profit from their investments or than the very small increase in their total assets. The people invested in the funds get 99.75% of the profits
    9 replies | 238 view(s)
  • Krugminator2's Avatar
    12-05-2017, 03:16 PM
    Gold and treasuries are probably pretty close from a very long term historical perspective. I would guess gold would do better over the next 10 years but that is purely a guess. It is more interesting to read how aggressively stupid so many of the people commenting on the Tweet are. I noticed a lot of people have very confident opinions on things they have no business being confident on.
    25 replies | 454 view(s)
  • Krugminator2's Avatar
    12-04-2017, 09:06 PM
    Doctors don't make that much. They are underpaid. Do you know how hard it is to get into Med school (assuming you are white or Asian)? You need close to a 4.0 or a really high MCAT. You are a decade behind in making money. You don't start making a good income until your 30's at which point the earning potential is pretty capped for most physicians. Every person in Med school is smart so there isn't much scholarship money. So you often need student loans The average student loan debt for a new doctor is apparently 166k. https://www.cbsnews.com/news/1-million-mistake-becoming-a-doctor/ Then you have all the other worries like people suing you and all the paperwork headaches. I wouldn't want that career path.
    5 replies | 160 view(s)
  • Krugminator2's Avatar
    12-04-2017, 04:03 PM
    It doesn't even matter what you think of Bitcoin or cryptocurrencies. This is terrible risk management. This is a good example of why there shouldn't be a welfare state. He deserves to be broke. Even if the trade works, he should be shamed.
    4 replies | 192 view(s)
  • Krugminator2's Avatar
    12-03-2017, 04:04 PM
    Moore is a 3 to 1 favorite right now. https://www.electionbettingodds.com
    1044 replies | 21527 view(s)
  • Krugminator2's Avatar
    12-03-2017, 12:33 PM
    It is hard to tell if this is a bubble or not.
    422 replies | 11496 view(s)
  • Krugminator2's Avatar
    12-02-2017, 03:34 PM
    http://www.wsj.com/mdc/public/page/2_3021-peyield.html Not that it is a huge difference but the current S&P 500 PE is 24.94 according WSJ and 25.34 according the site Zippy pulled the graph from http://www.multpl.com Shiller PE is now slightly above the highest it reached it 1929 but still well below the tech bubble. http://www.multpl.com/shiller-pe/ A market crash is very unlikely. Markets don't crash it strong uptrends. There will be a lot of sideways action and weak rallies before there a bear market. A pullback in the market is highly likely. There are a ridiculous number of things lining up combined with the tax bill that is a key event that will get sold into. A lot of good info here. https://fat-pitch.blogspot.com/2017/12/weekly-market-summary.html
    10 replies | 344 view(s)
  • Krugminator2's Avatar
    12-02-2017, 11:45 AM
    Okay? I do see the problem with passive investing and how it can create a lack of corporate accountability. In fact, I agree with that statement. But for some reason I suspect you have a problem with Warren Buffett and Carl Icahn and activist hedge funds in general and would not want them getting more power. I think your problem might be with capitalism in general.
    9 replies | 238 view(s)
  • Krugminator2's Avatar
    12-02-2017, 09:46 AM
    I highly doubt this will happen but I have seen a few stories with this headline. https://www.washingtonpost.com/news/wonk/wp/2017/12/01/gop-eyes-post-tax-cut-changes-to-welfare-medicare-and-social-security/?utm_term=.075045cd48b1 "GOP eyes post-tax-cut changes to welfare, Medicare and Social Security" And apparently Trump is pushing welfare reform privately. ""We’re looking very strongly at welfare reform, and that’ll all take place right after taxes, very soon, very shortly after taxes," Trump said in the White House last Monday. He was backed up by his press secretary, Sarah Huckabee Sanders, hours later: “This is something that the president has a great deal of interest in and I think you can count on probably the first part of next year seeing more specifics and details come out on that.” Probably would be smart politically to eliminate some corporate welfare at the same time.
    33 replies | 675 view(s)
  • Krugminator2's Avatar
    12-01-2017, 06:48 PM
    I do have to say I really enjoyed reading the update where she got fired. It brought a smile to my face and warmth on this cold winter's day.
    16 replies | 481 view(s)
  • Krugminator2's Avatar
    11-30-2017, 08:53 PM
    I always see the same terrible arguments about tax cuts. One left wing talking point in particular that is always perplexing are the Kansas tax cuts a few years ago. The left always portrays Kansas as this failed state that shows what a failure tax cuts are. It is true the cuts were small and didn't change behavior much. But these same smug people (Bill Maher in particular) think California is a success with the highest marginal tax rate in the country. Some stats were remembering National poverty rate = 13.5% Kansas poverty rate = 11.5% California poverty rate =23.8% (highest in the nation) https://en.wikipedia.org/wiki/List_of_U.S._states_by_poverty_rate
    0 replies | 85 view(s)
  • Krugminator2's Avatar
    11-30-2017, 04:28 PM
    That was quick. I just came here to post this. Stiglitz really is the worst of the worst. I like how he said one of the core functions of government is to issue currency before saying Bitcoin serves no socially useful purpose and should thus be outlawed.
    42 replies | 790 view(s)
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