China Crashes Bitcoin
Today bitcoin crashed again. The lows of the day were $752.11 which represents a 16.9% decline from the open. That represents a 33% fall from the closing high about a week ago. Bitcoin has now recovered to the $780s after the sharp decline in the morning. It had stabilized for a few days at around…
Placing a Trade in the Emerging Markets ETF
The Nasdaq managed a 4th consecutive record close despite the bumpy ride in biotech following comments from Donald Trump on pricing. Oil prices recovered after two days of hefty declines, despite bearish weekly inventory data. The story of the day was Donald Trump, holding his first press conference since July 2016, targeted drug pricing, sending…
Vine Shut Down/ Facebook Mid-Roll Video Ads
The article will be broken up between the two top news stories in social media. The first is the news Vine is becoming a camera app. The second is the news Facebook is adding ads within videos. Vine Will Be a Camera App Twitter is finally shutting Vine down on January 17th. Vine will transition…
Shell Game until Next Catalyst
Stocks ended mixed for a second straight session, as the Nasdaq posted its 3rd straight record close (and up a 6th straight day), but the Dow Industrials slipped again as its race to 20,000 failed. All eyes will be on the banking sector this week, when JPM, WFC, BAC headline the start of earnings season…
Stocks Are In The 96th Percentile
One way to look at how expensive the market is, is the Shiller PE. Shiller PE is a cyclically adjusted price to earnings ratio. In other words, it is the average inflation adjusted earnings multiple from the past 10 years. I looked at the Shiller PE of the market on a monthly basis since 1881.…
Bitcoin Under Attack By Gold Bugs
As I predicted, there has been a new wave of bitcoin critics who are claiming bitcoin is like the tulip bubble in Holland in the 1600s. These critics who never liked or understood bitcoin have new ammo because the price fell quickly from about $1,100 to the mid-$800s in a couple days. Given that I…
Asset Rotation like a Game of Musical Chairs
Stocks ended mixed today as the asset rotation game continues to play out. Today's game of musical chairs saw energy stocks leading the declines amid a pullback in oil prices (nearly 4%). Also, financials pulled back ahead of big earnings this week from banks JPM, WFC, BAC (on Friday). The Nasdaq hit a new all…
Stocks Still A Bubble
The level of equity bullishness has been high since the election. From my perspective, it doesn’t matter how long it lasts; it’s still a bubble. Optimism is an emotion and tone of the market which can change. However, it doesn’t have to change after a specific length of time, so we could be waiting awhile.…
With Markets Near All-Time Highs the Russell Stalls
In this extended weekend video join Don Kaufman as he explains current market correlations and the opportunities in the market next week. Included in the video is the only selling premium strategy that is working...
Bitcoin Falls Further
Friday was part two of the destruction in bitcoin prices as it fell nearly 11%. The price opened above $1,000 and fell to below $900. As I mentioned, before bitcoin started this volatile two-day period of trading, the price was overbought. It was common sense that the price couldn’t continue at that pace of increases.…