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Tag: money

Elon vs Whitney Tilson, Round 2

May 15, 2019 Published by

Tesla announced that it’s looking to raise almost $3 billion in debt and equity, with Elon buying $25 million in stock as good faith, Whitney is betting again Tesla once again.  Despite Elon upping his stake in Tesla, now owning 20% of the company and saying some years ago, he would be the last person to sell shares, Whitney is making headlines again and looking for someone to take the other side of his bet.

The last time Whitney made the headlines, it two months ago.  Whitney said Musk has no more rabbits to pull out of his hat and therefore

Crocs Are Back

May 14, 2019 Published by

Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

Over 15 years ago, the ugly looking shoes were the IT and took the world by storm.  Crocs invented by three friends vacationing in the Florida Keys when one friend was wearing a slip-resistant clog made of closed-cell resin.  

They sold their first pair of Crocs at the Fort Lauderdale Boat Show in late 2002 and by 2007 the company

Party Like It’s 1964 – Part 5

May 14, 2019 Published by

This series has been fun, maybe because it’s a party and there is a bit of rum punch left in the bowl.  Lets recap a little bit before we discuss today’s post.

Three months ago I wrote,

Party Like It’s 1964

The Dow Jones Industrial Average DJIA rose 181 points on Friday, making it the ninth straight weekly gain for the Dow and the first time since 1964 that the DOW rose in the first 8 weeks of a calendar year.This recovery since the Christmas lows is primarily due to Fed Powell succumbing to the Markets demands and putting its interest-rate policy on

Crypto Contest May 14: Ruff

May 14, 2019 Published by

Ruff (Huobi: RUFFUSDT) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Ruff began a wave one advance on December 8, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 5, and the red wave two (blue sub-waves a-b-c) correction ended on May 6. If this wave count is correct, Ruff should be heading next towards the April 5 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Ruff Chain is decentralized open source blockchain architecture for high efficiency Internet of Things application development. You can

Facebook’s Coin Will Be Great For Steem

May 13, 2019 Published by

The rumors concerning Facebook’s reported development of its cryptocurrency are back, along with financial details. Per a Wall Street Journal report, the social media giant Facebook is now in talks with partners, as it seeks to seal investments for the rumored digital asset.

A report by the New York Times, which cited anonymous sources close to the company, claimed that Facebook had advanced its development plans for the “FB Coin” and was now speaking with major cryptocurrency exchange platforms about listing the stablecoin.It’s also worth noting that the aforementioned David Marcus, Facebook’s Head of Blockchain Research, used to be a board

Will Mike Novogratz Be Right This Time???

May 13, 2019 Published by

Galaxy Digital CEO Michael Novogratz said that he expects bitcoin (BTC) to beat its all-time-high price within 18 months. Novogratz made his remarks during an interview with mainstream media CNN published on May 9.

During the interview, Novogratz also said that he believes that $6,000 is probably a stall point, and the next one will be $10,000. Moreover, he expressed the belief that this time, other cryptocurrencies “aren’t going to go up nearly as quickly.

Novogratz then stated that there are other elements, such as copper, that we value because we use them. According to Novogratz, just like copper, altcoins need to prove their use case in

Short The Pull Back On The DAX

May 13, 2019 Published by

The EU has cut growth forecasts for Germany for the second time this year, as trade tensions and a Chinese slowdown weigh on the traditional economic powerhouse of the region.Germany is only expected to grow at a rate of 0.5% this year, according to the latest economic forecasts by the European Commission. It will be the second-worst economy across the EU in terms of growth, with only Italy looking more downbeat. It comes after the institution lowered Germany’s growth expectations from 1.8% to 1.1% in February.The German economy, driven by manufacturing and exports, has been impacted by stalling growth in

Crypto Contest May 13: MediShares

May 13, 2019 Published by

MediShares (Huobi: MDSUSDT) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, MediShares began a wave one advance on December 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 10. If this wave count is correct, MediShares should be heading next towards the April 8 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Medishares is a Ethereum based, decentralized, open-source mutual insurance marketplace. You can read their latest project update here.

(Sources: MediShares and

World Stock Market Relative Strength Analysis Report For Week Starting 5/12/19

May 13, 2019 Published by

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks.  Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market.  In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

Source Image

Because we live in a global economy, the global equity markets

Intermarket Relative Strength Analysis Report For The Week Starting 5/12/19

May 12, 2019 Published by

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in

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