Before christmas, coinbase spending trading everything from bitcoin, bitcoin cash, ethereum, its all getting slammed. Crypto stocks taking it on the chin, square, overstock, the cme, even Riot Blockchain getting crushed after their big runs bitcoin are used to this volatility but this is the first time many new bitcoin believers are feeling the crunch since piling in. How long does this last, will these newbie investors be scared off for good, dan . This is not a bad thing, especially if this whole crypto thing will have some legs here from october to late november, bitcoin doubled, it went from 5 to 10,000 then doubled again we had a 30 pullback, it felt like a panic it was in all the alt coins, a lot of really bad headlines. Our twitter feeds were taken over by crypto in the last 48 hours. Its important to remember this is one asset class, it did not go into other asset classes. I know a lot of people who have been on this train, i have not, im just a tourist, im gambling like most o
With the cash on the sidelines . Part of the rally, too. Cash on the sidelines starting to chase some is trying to get in there. Watching this market grind and continue to move to the upside. Yes, i do think there are people finally saying theyve got to throw in the towel in certain areas, at least jump into the areas moving. Look at the way chips traded. The Way Technology is trading. Energy had that dip under that 50day moving average. Look at xle. Since then, scott, watched it as oils rising seeing Energy Stocks picking back up as well. Joe, nasdaq 100, positive pe to petes point up 15 since the brexit low. Where will it find a home . Money is finding a place everywhere. Multiple asset classes. Look at performance. Year to date, european equities, dax rally 10 . The place that hasnt rallied is japan, although japan is up 8 quarter to date. When you look at the multiple asset classes, whether its Investment Grade bonds, whether high yield bonds, whether it is the emerging markets or