Consensual hallucination was required to pull this off.
By letting it burn, it won’t get big enough to cause major contagion outside of crypto.
Binance-FTX deal now in doubt after revelations of huge black hole and investigations by the SEC and CFTC.
When a crypto-meltdown collides with earnings reports.
Another big investor that pulls back from the housing market: it’s now a net-seller.
The free-money virus turned investors’ brains to mush. But the healing has started, interest rates are recovering, QT is here, and look what we got.
“What I’m trying to do is make sure our message is clear: we think we have a ways to go,” Powell said. “Rates have to go higher and stay higher for longer.”
Meta shares plunge 19% after hours, for a total plunge of 24% for the day: metaverse woes, online advertising, expenses.
Snap is a paragon of my Imploded Stocks. Meta, after tonight’s drop, is just a hair away.
This chart is a warning for dip-buyers that think the bottom is in after each plunge. But the bottom isn’t in until the last dip-buyers get crushed.