As more people flee to bonds the price rises, sending yields even lower. Also, inflation is higher than 2%, so you’re still losing money. Bitcoin is the only safehaven in times like these, the market just hasn’t realized it yet.
Official BLS has had it at a 2.0% annual rate for the first half of 2017 and a 1.7% for the second; some citation would be welcome on the claim that it's jumped to something above a 2.885% annual rate since...
The theory is that the market crashes and people flee into precious metals and crypto (for the first time). The former happened - gold and silver are up, the latter did not. To elaborate - putting money into market NOW is bad - we are in recession land, crypto should be an alternative and "should" be increasing in value because people have free money(tax returns) and no "good" conventional places to put it. Except it's not happening, and that sucks for those in crypto.
Sure, the maxim exists. What I'm interested in is the reasoning beyond the suggestion that the 14th is a magic date on which money that has moved to from stocks (and, in point of fact, cryptocurrency!) to cash for stability will suddenly decide, en masse, to move into cryptocurrency because “quality”.
I think it has always been a reasonable assumption that a fall in the real economy would cause cryptos to fall. Play money gets liquidated first when real money (in 401k and stocks) evaporates. And the lack of liquidity in cryptos would cause it to fall faster.
Friday before last I moved 70% out of stocks and bought PUTs in July as insurance on the rest. However, as my history has shown me - one doesnt assume this makes them smart. Could just have been lucky, this time.
Around noon, there were 2 days of losses in a row going into Monday and the S&P was moving down after being up slightly at the start. I figured it'd be another losing day with possible losses continuing into the week, so I made a move.
Words don't belong to anyone unless you register a trademark or some equivalent. People refer to cryptocurrency far more frequently than cryptographic algorithms lately; it's inevitable that they would start appropriating the shorthand word.
The GP comment was already off topic and predictable—in the sense that it gets repeated all the time these day—but your response was further off topic, borderline uncivil because of the accusation aspect, and the internet trope thing is definitely not something to practice on HN. I understand the temptation to post these things, but it's a temptation that needs to be resisted if we're to have higher-quality discussion here.
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[ 3.0 ms ] story [ 98.9 ms ] threadSo it doesn't work?
https://www.nasdaq.com/article/wall-st-opens-lower-on-rising...
Tax cut stimulus + already stimulated economy = inflation.
Inflation concerns = higher bond yields.
Higher bond yields = people dumping stocks for bonds.
https://www.thebalance.com/current-u-s-inflation-rate-statis...
Official BLS has had it at a 2.0% annual rate for the first half of 2017 and a 1.7% for the second; some citation would be welcome on the claim that it's jumped to something above a 2.885% annual rate since...
And still, actual evidence that the rate of inflation “in the price of things people want to buy” is 2.885% or higher is missing.
Trying to blur the topic is not a substitute for supporting your fact claims.
Again, source?
Housing (urban, at least) has less than 1% quarterly inflation recently:
https://data.bls.gov/timeseries/CUSR0000SAH?output_view=pct_...
Bitcoin is down 12% today with no sign of stopping it's movement downwards, and all crypto prices are tied to bitcoin.
Traders more conservative than myself moved into bonds today. Other traders chose gold. Very few chose cryptocurrencies.
The SP500 has much more to fall yet.
> However, as my history has shown me - one doesnt assume this makes them smart.
No doubt. In my case, I still need to close out my short position so I'm only halfway there.
You can start using the full term "cryptographic encryption" instead.
https://www.urbandictionary.com/define.php?term=Gatekeeping
* https://news.ycombinator.com/item?id=16311632
But after the close. US equity futures have continued an acceleration to the downside. And Japan's Nikkei index futures are -8% before the open.
Technically the key level to watch is just under $2500 on the S&P500. Any sustained break below that moves us beyond mere correction territory.
I can't see how stories purely about money/shares etc fit this. (But I didn't read the story; why would I.)